UAE:New rules, out by year-end, could shake up insurance market

30 Oct 2014

The Insurance Authority (IA) of the UAE will be issuing new financial rules by the end of this year to ensure the solvency of companies and the soundness of their financial procedures, said Mr Ebrahim Obaid Al Zaabi, Director General of the IA, in an interview with Middle East Insurance Review. The new rules could lead to a shake-up in the insurance industry, affecting 30-40 insurers, said a senior insurance executive.

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