The market authority is studying the insurance intermediaries case

The Capital market authority (CMA) is working on the implementation of new rules for insurance intermediaries (brokers and agents).

"Intermediaries are very important [to the industry], since they deal directly with the final user [of the product] and are supposed to provide them with the best insurance coverages and services", said Ahmed Al Mamari, acting director general of the Directorate of insurance supervision, during an interview with Middle East Insurance Review.

A. Al Mamari also added that "[CMA's role] is to help [these intermediaries] to tackle the challenge facing them and [...] clarify the relationship between them and insurance companies."

In addition to the intermediaries case, the CMA, would study the implementation of a new regulation to enhance innsurers' capacity. The regulation should include a mandatory listing for these companies.

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