UAE: Introduction of new requirements for life insurers in 2018
The UAE's supervisory authority is planning, in 2018, to make major changes in the law governing life insurance business.
The amendments will require, among other things, the creation of new products or the modification of existing ones, the training of personnel and the transformation of management systems for greater transparency.
Regarding intermediaries, they will be confronted mainly with new commission requirements. These new provisions would result in a significant increase in operating costs, a decrease in the number of market advisors and an increase in direct distribution.
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