Insurance Authority issues Emiratization manual
Monday, 02 12 2018, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority issued a detailed Emiratization manual for the insurance sector. The manual uses standards based on written premiums and the jobs available in each operating company. The Authority also set the 2018 targets.
This new system is based on the decision of the council of ministers in order to implement the Emiratization of jobs in banking and insurance based on points starting from the last month of January. The companies than nationalize jobs are rewarded based on these points and the companies that fail to do so will be penalized.
Source: Al Ittihad