UAE
Best Practice | 1 Feb 17
Why life insurance wrappers still benefit expats in the UAE
The benefits of life insurance wrappers still outweigh direct investment in funds for expatriate customers in the UAE despite the significant regulatory change underway, says Philip Cernik of Friends Provident International.
Middle East | 31 Jan 17
Abu Dhabi finance centre to share information with Mauritius
The regulator of the Abu Dhabi Global Market (ADGM), the UAE’s new international financial centre, has signed an agreement with the regulatory authority in Mauritius to strengthen cooperation and facilitate the exchange of information.
Reading the regulatory writing on the UAE wall
Regulatory changes in the United Arab Emirates pose a challenge to existing business models for IFAs in the region but Sean Kelleher at Mondial is one step ahead, and after years of hard work in preparing his business for the new requirements, he is ready to reap the rewards.
Middle East | 12 Jan 17
UAE commission ban may face ‘two-year delay’
The UAE Insurance Authority (IA) is to issue a new draft and open a fresh consultation on plans to tackle high fees and hidden commissions in the life industry after requests for a ‘two-year delay’, sources have told International Adviser.
Middle East | 4 Jan 17
DFSA rules out ban on commission, Insurance Authority update
The Dubai Financial Services Authority (DFSA) has no proposals to ban commission, according to chief executive Ian Johnston.