Top 10 Middle East stories of 2017
By Tom Carnegie, 27 Dec 17
A new family tax in Saudi Arabia, Abu Dhabi’s biggest ever scam and the UAE pushing ahead with a major life industry overhaul were some of the most read stories by our Middle East audience in 2017. To see the others, click through the slides.
In April the main regulator of life companies in the UAE confirmed it would go ahead with a ban on indemnity commissions, limits to fees and charges on industry products and introduce tighter rules on financial advisers.
The Insurance Authority (IA), in a draft circular released on April 25, set out the details of its planned overhaul of the life insurance and family takaful industry.
It followed feedback from major international life companies and a meeting held with key industry representatives on January 12.
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