In May 2012, the UAE Insurance Authority (the Authority) issued a consultation document outlining a new regime for the regulation of insurance intermediaries (the Draft Regulations), which would replace the current regulations that date back to December 2006.
Few would disagree with the need for regulatory overhaul of the distribution channels and roles played by insurance intermediaries, but do the new Draft Regulations meet the need for the UAE insurance industry? This article looks at some of the industry requirements and whether the new Draft Regulations measure up.
No comments:
Post a Comment