Fines and incentives to implement the ins. emiratisation strategy
Saturday, 12 19 2020, Category: Insurance and Reinsurance, Country: U.A.E
The Insurance Authority said that after the Cabinet's decision regarding the new Emiratisation strategy was issued with the points system, it worked to develop an integrated plan aimed at an integrated implementation of the strategy, in cooperation with insurance companies and relevant parties, and a set of most important measures were taken during 2019 in this regard.
The Insurance Authority confirmed that a system of fines and incentives had been approved for implementing the Emiratisation strategy, as well as participating in Emiratisation accelerators workshops, and establishing a CV bank for those wishing to work in the insurance sector, so that companies would post vacancies to citizens on the website of the Insurance Authority.
In its annual report on the sector’s activity, the Authority stated that joint workshops have been held with insurance companies, and specialized studies and questionnaires have been updated to study market needs, citizens, and the sector’s training needs, collect data, calculate the target points and analyze the results.
Source: Teller Report