UAE – New regulations on online ins. Sales
Monday, 08 06 2018, Category: Insurance and Reinsurance, Country: U.A.E
The board of directors of the Insurance Authority will issue a decision regulating the sales and marketing of insurance contracts through the internet and advertising through social media. All the websites providing this kind of services will have to obtain a license from the Authority.
“Al Ittihad” newspaper was informed that the Authority would finalize the decision and instructions related to the sales, marketing and issuance of insurance contracts through the internet in order to protect policyholders’ rights and the interests of companies as well.
Source: “Al Ittihad” newspaper