Regulatory Alerts2026-01-08
Standards re Enterprise Risk Management for Solvency Purposes for Insurance Companies
The Central Bank of the UAE issued mandatory standards requiring insurance companies to implement a comprehensive Enterprise Risk Management framework for solvency purposes. These standards mandate the integration of risk identification, assessment, and stress testing with strategic planning, capital adequacy, and the annual Own Risk and Solvency Assessment. The document defines specific governance roles for the Board and Senior Management to ensure robust risk culture, clear risk appetite, and effective management of interdependencies across solo and group-wide operations.
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