UAE Insurance Authority issues licence to Guardian Wealth Mgt
The UAE’s insurance regulator has granted its first brokerage licence in around eight years, to international IFA firm Guardian Wealth Management.
The UAE’s insurance regulator has granted its first brokerage licence in around eight years, to international IFA firm Guardian Wealth Management.
The UAE government has given insurance companies operating in the Emirates an extra year, beginning 28 August, to meet the regulatory requirement which forbids combining persons’ insurance and fund accumulation operations with property and liability insurance operations.
Holborn Assets, one of the largest insurances brokerages in the United Arab Emirates, has confirmed that it has remained authorised in the UAE following its absence from the Insurance Authority’s (IA) latest list of licenced firms in the region.
Holborn Assets, one of the largest insurance brokerages in the United Arab Emirates, has dropped off the Insurance Authoritys latest list of licensed firms in the region.
On the 28 November, new rules came into effect in the United Arab Emirates making it much harder and more costly for insurance intermediaries to conduct business.
Standard Life International is to close its office in the Dubai International Financial Centre at the end of January next year.
Inflows into Standard Lifes Asia and emerging markets division jumped by almost 20% during the third quarter, although the company warned regulatory change in Hong Kong and Dubai will impact future new business.
The UAE Insurance Authority has published, for the first time, a full list of companies it has licensed to conduct insurance business in the country.
Research house Insight Discovery has begun to map out the number of regulated advisory firms operating across the Gulf Cooperation Council (GCC) countries.
Friends Provident Internationals Taher Fakhri explains why inspections could soon be an everyday occurrence for advisers in the UAE in the second of a two-part feature explaining the new Insurance Authority laws.
In the first of a two-part feature, Friends Provident Internationals Taher Fakhri explains why you will need more cash, more people and more qualifications to run a brokerage in the UAE…
Recently published legislation from the UAE Insurance Authority suggests the regulator is about to lift its ban on approving new licence applications from insurance brokers.