UAE – Regulating reinsurance serves the market
Saturday, 09 01 2018, Category: Insurance and Reinsurance, Country: U.A.E
Mr. Bassam Chilmeran, the Chief Executive Officer of Al Wathba National Insurance Company and head of the technical reinsurance committee of the “Emirates Insurance Association” said that the “Insurance Authority” sent lately a draft law regulating reinsurance in the UAE. This draft law complements previous instructions and decisions sent by the Authority, so Mr. Chilmeran praised these efforts in organizing and coordinating reinsurance work.
Moreover, Mr. Chilmeran added to “Al Khaleej” that “these instructions meet the needs of the market and match international standards, so it is necessary to implement these changes to meet the local market needs”.
Source: Economic Al Khaleej