UAE – Investment limits applied in insurance
Friday, 12 01 2017, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority confirmed that the financial instructions applying on the investments of insurance companies and Takaful companies should be fully implemented during the current month. It emphasized that all operating insurance companies in in the country have to comply with them.
Moreover, the Authority asked insurance companies operating in the country to submit financial reports along with detailed financial analysis of the investments of their technical reserves.
The financial instructions impose maximum limits on assets including 30% on real estate. The same percentage applies on stocks compared to a maximum of 20% on investments in the ownerships of listed and unlisted companies outside the country.
Source: Al Ittihad