UAE:New insurance brokerage regulation takes effect on 15 Feb 2025

By MEIR team | 26 Sep 2024

The Central Bank of the UAE (CBUAE) has issued the new "Insurance Brokerage Regulation 2024" that will come into force on 15 February 2025. Several new provisions are introduced to improve governance in areas like claims settlements, brokers' remuneration and the collection of premiums. The new Regulation repeals Insurance Brokerage Regulation 2013.

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