UAE – Insurance: wave of mergers-acquisitions expected in 2018

The new regulations adopted by the supervisory authorities are likely to trigger a wave of concentration in the course of 2018. United Arab Emirates have recently proceeded to an important reform of the insurance industry. Among the provisions adopted stand:

  • the compulsory health insurance scheme for foreign workers
  • the specific regulation for insurance brokers
  • the law pertaining to capital and remunerations
  • the increased shareholding of foreign insurers in the capital of local companies

All of these measures would incite the players to seek the critical mass needed to remain in business.

 
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