Consolidation paves way for new players in UAE
As smaller advice firms and brokerages start to shun life products
BOD49
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Walter Jopp says some UAE advice firms ‘will not survive’
But Zurich Middle East CEO remains ‘committed’ to a ‘multi-channel distribution strategy’
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M&A deals still scarce in the UAE advice market
‘It is unlikely that we would see a typical consolidator look to make many strategic acquisitions’
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BOD49 to spark HNW expat ‘pensions gap’ in UAE?
Increased regulation which disincentivises selling may leave clients without products
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Unhappy brokers brand BOD49 a failure
Some life premiums reported to have shot up as much as 60%
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Survival of the fittest UAE advisers
Revenues set to take a big hit as new commission structure now in effect
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Advisers see red in new UAE life insurance rules
They may lead to shortage of distribution channel support
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No more delays as UAE commission cap set to go live
BOD49 to come into force in less than a month
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UAE advisers split on game changing regulation
With one-in-10 chief executives considering their exit strategy
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UAE insurers get a six-month breather
Insurance Authority postpones life regulations implementation in the wake of covid-19
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Firms given extra 6 months to implement seismic UAE regulation
But views are mixed on whether the legislation should be delayed
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New regulations force paradigm shift in adviser business plans
Worries that revenue sources will dry up, as 2020 predicted to be the ‘year of consolidation’