Emiratisation of insurance

Insurance The UAE's Insurance Authority (IA) launched a programme for the Emiratisation of insurance in 2016. As part of the national "Vision 21" plan, the programme encourages insurers to hire local staff members. The number of local employees depends, among other things, on the turnover achieved by the company.

Free training sessions for the various insurance trades has been set up by the authorities. A unified database was also created to follow up the project. Penalties have been imposed on any insurance company that does not comply with this programme.

At the end of 2018, the number of Emiratis working in the insurance sector increased by 21%, that is 228 local recruitments. Still at the end of 2018, 42 insurers out of a total of 62 have complied with the Emiratisation programme.

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