New regulation expected by the end of 2014

The regulators of Emirati insurance are due to publish a new regulatory framework before the end of 2014. The new measures should ensure better monitoring of solvency and better relevance of financial procedures of insurers.

30 to 40 insurance companies of different sizes are likely to have their capital base or reserves reviewed. For many years, voices are raised to denounce the lack of rigor of the authorities.

The new text must implement practices similar to those in force in the most advanced markets.

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