The insurance brokerage in the UAE, like the rest of the insurance sector, is regulated by the UAE Insurance Authority. This has merged with the UAE Central Bank, which is now the unified regulator for the banking and the insurance sector. The regulation currently providing statutory guidance on licensing and functioning of insurance brokers in…
What happens when strict regulation is imposed onto a market that had until that time been barely regulated? Think of Wyatt Earp and his brothers riding into Tombstone, Arizona in the early 1880’s, looking to impose order on the until that time lawless town. The outlaws were forced to flee, but at the same time…
Speaker at the Speaking Event organised by Insurance Business Group (IBG) under the auspices of Dubai Chamber of Commerce & Industry. Hosted at the Movenpick Hotel, Bur Dubai, Dubai on 7th October, 2015. Topic: Insurance Brokerage Regulations in the UAE Presenter: Michael Kortbawi He addressed the comparison between the old and new regulatory regimes. The…
