March 29, 2024
LN BUTTON

IA issues circular on paid-up capital for brokers

The UAE Insurance Authority (IA) issued a new circular recently strengthening its capital adequacy regulations. According to the document, brokers must maintain paid-up capital levels of 100 percent with failure to do so resulting in intervention from the IA and even suspension of the broker. “The insurance broker shall not resume its business, unless it achieves (100 […]
To continue reading this article, Existing users can sign in / subscribe / renew and new users are requested to register.

Previous Issue