UAE – Emiratization system in year 2018
Tuesday, 10 10 2017, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority said that a “new Emiratization system by points” will be implemented next year. Points will be added for the Emiratization of every insurance position. The added points will be related to the level of annual insurance premiums. Moreover, the companies that do not realize the required points will be penalized whereas companies that succeed will be rewarded.
Moreover, the Authority added at the launch of the “First Insurance Innovation Conference” in Dubai yesterday that it will launch an “innovation laboratory” in collaboration with concerned parties in order to cope with the technological development and meet the demands of customers.
Source: Emarat Al Youm