UAE – Emiratization linked to Premiums
Thursday, 02 01 2018, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority issued a special manual on Emiratization in the insurance sector in order to implement the decision of the council of ministers of year 2015 related to the adoption of an Emiratization strategy in the banking and insurance sectors. The manual defines the parameters that will help insurance companies choose the method that they like in order to achieve the required points. According to this manual the targeted points follow a relationship between the number of employees and total premiums written in the country based on the statements presented by all companies. The Insurance Authority indicated the number of points targeted by insurance companies in the country in year 2018 according to the manual based on a range of parameters.
Source: Economic Al Khaleej