Thursday , August 11 2022

General Director of United Arab Emirates Insurance Authority: Two local insurance companies are expected to merge during the current year Latest News t



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The Director General of the United Arab Emirates Insurance Authority revealed that a merger was expected between two local insurance companies during the current year, emphasizing that the agreement was still being studied.

He added that the results of implementing financial instructions provisions for insurance companies were going well, noting that the proportion of compliance with instructions amounted to 98%.

He drew attention to the fact that the percentage of companies unable to comply was up to 2% for reasons relating to investment limits.

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