Insurance
Regulation, Risk & Compliance
Uncategorized
The Chartered Insurance Institute welcomes UAE insurance authority's draft regulation for insurance brokers
The Chartered Insurance Institute has welcomed the UAE Insurance Authority’s publishing of a draft regulation consolidating rules on insurance broking and online broking transactions, highlighting how the measures will make a significant contribution to raising professional standards and instilling public trust and confidence in the sector. Gaenor Jones, Regional Director…
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Source: The draft prescribes the criteria for filling positions in broking companies, including chief executive, operations manager, compliance officer, specialist or professional staff, branch executives and sales staff roles. It stipulates that the general mana