UAE – Insurance Authority suspends two brokers
Friday, 02 24 2017, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority suspended two insurance brokerage companies from practicing insurance intermediation starting from the 20th of February due to non-compliance with the decision of the board of directors of the Insurance Authority No 15 of year 2013, which regulates insurance brokerage according to a memo issued by the Authority of which “Emarat Al Youm” received a copy.
The Authority asked insurance companies operating in the country not to conduct transactions with the two suspended insurance brokers until a new decision is issued.
Source: Emarat Al Youm