UAE – Ins. sector emiratization to be monitored in 2018
Tuesday, 05 29 2018, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority revealed that the human resources and emiratization committee of the council of ministers has established criteria to monitor insurance companies, which will not comply with the “emiratization points” during the current year. These companies will be sanctioned.
Moreover, the review mechanism is being studied to assess compliance by the end of this year.
Furthermore, the Authority told “Emarat Al Youm” held many workshops about the calculation of emiratization points during the past three year noting that it made many clarifications on related matters.
Source: Emarat Al Youm