New requirements for insurance intermediaries in the United Arabe Emirates
Insurance brokers must now release 100% of the capital required to operate in the United Arab Emirates.
The minimum paid-up capital amounts to 3 million AED(0.82 million USD) for UAE insurance intermediaries.
This amount rises to 10 million AED (2.7 million USD) for the branches of foreign companies.
The supervisory authority is currently focusing on the drafting of new regulations concerning the remuneration of insurance intermediaries.
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