UAE – Social dialogue precedes the issuance of the unified motor policy
Thursday, 06 11 2015, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority launched a large social dialogue in order to discover the opinions, suggestions of concerned parties on the unified motor insurance policy. It included the companies and professions related to insurance, policyholders, the public, specialized experts. This effort precedes the completion of the final draft of the unified policy, before the final version is issued toward the end of the current year according to His Excellency Mr. Ibrahim Obaid Al Zaabi, the director general of the UAE Insurance Authority. Al Zaabi in his interview with “Al Ittihad”, said that in the in a couple of days a survey will be launched to obtain the opinions of policyholders on the unified motor policy and will last until the end of the next month of July. It will then be studied and only the elements that are in harmony with providing adequate insurance coverage to society will be maintained. So the unified insurance policy will be issued in line with the international best practices that uphold the interest of both parties of the insurance transaction “companies and the insured”.
Source: Al Ittihad