UAE – The transparency and governance of the insurance sector
Friday, 06 26 2015, Category: Insurance and Reinsurance, Country: U.A.E
The United Arab Emirates is seeking to offer one of the best investment environments in the world. So the Emirati institutions, whether public or private are committed to transparency and governance criteria to support that environment. These criteria support the transparency and competitiveness of the national economy and helps also the new entrants to the market that wish to capture real available opportunities. And it helps increase free competition between the companies and economic units active in the same market. This in turn support competency levels and increases the quality of product offering as well as supports the rights of market participants, whether companies or individuals since it preserves the rights of all parties in taking advantage of the economic activities in the country.
Source: Al Ittihad