- Allied Insurance and CA Maldives signed an MoU to support accounting professionals through capacity-building, research and improved insurance access.
- The partnership offers CA Maldives members preferential rates and simplified documentation for Professional Indemnity Takaful required for licensing.
- Members and permanent staff can access Group Health and Group Term Life Takaful on preferential terms.
Allied Insurance Company of the Maldives and CA Maldives have entered into a partnership aimed at supporting accounting professionals through capacity-building, research collaboration and improved access to insurance and takaful products.
The agreement, signed through a Memorandum of Understanding, sets out areas of cooperation between the insurer and the professional accounting body. The partnership will focus on professional development, knowledge-sharing and research, while also supporting ethical accounting practices, financial transparency and the wider development of the accounting and financial sectors in the Maldives.
Under the arrangement, Allied Insurance will encourage eligible employees to become members of CA Maldives, contributing to the professional body’s membership growth. The two organisations will also work together on capacity-building initiatives, expertise exchange and market-related research.
The MoU also introduces benefits for CA Maldives members, including preferential contribution rates and simplified documentation requirements for Professional Indemnity Takaful coverage required for licensing purposes.
In addition, CA Maldives members and permanent staff will be able to access Group Health Takaful and Group Term Life Takaful coverage on preferential terms and conditions, subject to applicable policy requirements.
The partnership reflects a wider effort to improve professional standards within the financial sector, particularly by linking professional development with access to products that support licensing, workplace protection and institutional resilience.
