Magazine date:
Feb 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.