Allied Insurance Company of the Maldives and CA Maldives have signed a Memorandum of Understanding (MoU) aimed at strengthening collaboration between the two organisations while expanding benefits available to members of the country’s professional accounting body.
The agreement focuses on supporting the development of the accounting profession through joint initiatives in professional development, knowledge sharing, research and capacity building.
Under the partnership, the two organisations will also work together to promote ethical accounting practices, financial transparency and the continued development of the Maldives’ accounting and financial sectors.
As part of the agreement, Allied Insurance will encourage eligible employees to become members of CA Maldives, while both organisations will collaborate on research projects and programmes designed to enhance professional expertise within the local market.
The MoU also introduces a number of benefits for CA Maldives members. These include preferential contribution rates and simplified documentation requirements for Professional Indemnity Takaful coverage, which is required for licensing purposes.
In addition, CA Maldives members and permanent staff will be eligible for Group Health Takaful and Group Term Life Takaful coverage on preferential terms, subject to the conditions of the respective policies.
Both organisations said the partnership reflects a shared commitment to supporting professional excellence while contributing to stronger industry standards and a more transparent and resilient financial sector.
CA Maldives serves as the professional body for chartered accountants in the Maldives, promoting professional standards and continuous development within the accounting profession. Allied Insurance is one of the country’s largest insurance providers, offering a range of insurance and takaful products to individuals and businesses.
