Health Insurance in the UAE – Capitation Schemes Confirmed Unlawful by the Insurance Authority

The United Arab Emirates (UAE) Insurance Authority (IA) has confirmed that capitation schemes related to the health insurance business in the UAE are unlawful and all IA, authorized and licensed entities must immediately cease the operation of such schemes. Circular No (17) of 2020 for the Cessation of Violating Practices dated 2 June 2020 (the…

Insurance Claims Management: Using the Most Appropriate Governing Law & Jurisdiction Clause in Reinsurance Contracts

Regulatory Changes for Insurance Disputes in the United Arab Emirates and the existing Insurance Dispute Committee in the Kingdom of Saudi Arabia BSA are often instructed by the London market for coverage advice pending disputes between cedant and reinsurers. Many of those treaty terms will be governed by the laws of various Middle East jurisdictions…

Electronic Insurance Regulations Issued

The United Arab Emirates (UAE) Insurance Authority recently published the Insurance Authority Board of Directors’ Resolution No. 18 of 2020 on Electronic Insurance Regulations dated 27 April 2020 (“the Regulation”). The first draft of these regulations was published in January 2019, and after public consultation and discussion, a revised draft was published in December 2019,…

Insurance Brokers – Reduction in Capital Requirements

The UAE Insurance Authority issued Board of Directors’ Resolution No. (14) of 2020 on the Amendment of Some Provisions of the Insurance Authority Board of Directors’ Resolution No. (15) of 2013 Concerning Insurance Brokerage Regulations dated 30 March 2020 (“the Resolution”). The Resolution allows, subject to a submitted application and consent of the Insurance Authority…

COVID-19 Boosts the Uptake of Tele Health/Medicine in UAE – What are the Legal Implications?

The COVID-19 pandemic presents opportunities for the tele health/medicine sector to expand the concept of remote healthcare services through technology platforms in the Middle East and beyond. Recently, the United States Federal Government is to push for telemedicine as a care option during the COVID-19 pandemic. BSA’s healthcare legal/regulatory practice often engages with numerous clients…

Do You Have Insurance Coverage for Coronavirus-Related Interruption to Your Business?

The recent emergence and rapid spread of the COVID-19 novel coronavirus has resulted in unprecedented disruptions to virtually all aspects of global and locally based commerce, as well as almost everyone’s normal routines. While we collectively and individually should now focus on protecting our personal, family, and greater community health and safety in this emergent…

Coronavirus Outbreak – Impact on Regional (Re)insurance & Coverage Issues

World Health Organisation (WHO) have officially declared COVID-19 as a pandemic. BSA have already received several instructions regarding coverage advice related to matters arising from the coronavirus. While all efforts are being made by the WHO and Governments around the world to contain the coronavirus and look to develop a vaccine, world business and trade…

UAE Insurance Authority Issues Circular on Coronavirus (COVID-19)

Circular No. (3) of 2020 on Precautionary and Preventive Measures to Maintain Public Safety, Health and Prevent Spread of Coronavirus (COVID-19) (“COVID-19 Circular”), addressed to all insurance companies and insurance-related professions operating in the UAE, provides guidance from the Insurance Authority on precautionary and preventive measures to maintain public health in the workplace and ensure…

New Mandated Health Insurance Law in Oman

The Capital Markets Authority (CMA) in Oman, the financial regulator, has released the new mandated medical insurance Law, Unified Health Insurance Policy and the Health Insurance Rules under Decision No.78/2019 through Resolution No 34/2019 – For the Issue of Unified Healthcare Insurance Policy Form. The Health insurance market embraces itself for another mandated health insurance…