UAE’s insurance sector the fastest in growing
Tuesday, 08 11 2015, Category: Insurance and Reinsurance, Country: U.A.E
David Harris, Insurance Director of «RSA» company in UAE,said that the controls approved by the Insurance Authority finally will contribute to the stability of the market, stressing that the new regulations pertaining to capitalization and investments will consolidate several credit standards for insurance companies and include capital and asset quality and sufficient reserve.
This will lead to the reduction of competitive pressures, and inventory intense competition and support market stability.
He added that the «RSA» company have a full commitment to the guiding principles of the organizing parties, and keep the channels of communication transparent with their customer base.
The company is characterized by a good record of risk and compliance, ensuring the security of our operations and our customers and their organizations from risks.