As the bancassurance market in the region grows, more regulation has been introduced in the field. The UAE Insurance Authority issued the Bancassurance Circular to provide a legal framework to such transactions. Dr. Hiba Allam, an associate with Vinson and Elkins LLP, outlines some of the important documents now needed to market insurance policies through banks.
Although bancassurance, including bancatakaful, has been practiced in the ...
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