On 29 December 2022, the Central Bank of the United Arab Emirates (CBUAE) dropped Al Fazaa Insurance Agent from the register of insurance agents.
This was the second registration cancellation of an intermediary in a matter of days. On 27 December 2022, the supervisory authority had already revoked the license of the Emirati broker BH Insurance Brokerage [4].
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Femirats-arabes-unis%2Flicense-revocation&text=Al+Fazaa+Insurance+Agent%3A+license+revocation
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Fcategory%2Fpays%2Femirats-arabes-unis%2Flicense-revocation&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-197-january-2023
[4] https://www.atlas-mag.net/en/category/pays/emirats-arabes-unis/uae-central-bank-revokes-bh-insurance-brokerage-s-license