UAE – New laws to increase the attractiveness of the insurance sector
Monday, 10 10 2016, Category: Insurance and Reinsurance, Country: U.A.E
H.E Sultan bin Saeed Al Mansouri Minister of Economy and chairman of the Insurance Authority indicated that the authority is working on many law and systems, which will be issued during the next period in order to increase the attractiveness of the sector.
H.E. noted that that Authority is completing new legislations within its efforts and insistence on strengthening the regulatory framework of the Emirati insurance sector in order to develop the performance of the local insurance market and its operators from a legal, technical, financial perspective. This will strengthen the competitiveness of the sector regionally and internationally according to the world’s best practices.
Source: Al Bayan - UAE