Conditions to carry out a bancassurance activity in the United Arab Emirates
The Emirates Insurance Supervisory Authority "the Insurance Authority" has imposed five conditions to practise a bancassurance activity in the United Arab Emirates.
Insurers wishing to carry out bancassurance activities must:
- obtain approval from the central bank,
- appoint an employee charged with the marketing of insurance in each bank office,
- organize training courses for employees,
- submit a contract bearing the signature of the insurance company and that of the customer of the bank,
- comply with the insurance regulations set by the supervisory authority.
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Tue, 31/07/2018 - 12:26
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