Tuesday, 17 September 2013

Regulator calls for mergers in UAE insurance industry | The National

Regulator calls for mergers in UAE insurance industry | The National:

"The regulator of the UAE insurance industry is calling for consolidation to avoid cutthroat competition.

The call came as the watchdog yesterday unveiled a set of reforms for the industry.

“We need to introduce new laws and regulations to regulate the whole sector,” said Ibrahim Al Zaabi, the director general of the UAE Insurance Authority. “This is continuous. It doesn’t stop.”"

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