Regulatory Alerts2025-09-04
Insurance Group Supervision Regulation
The Central Bank of the United Arab Emirates issued the Insurance Group Supervision Regulation to enhance the regulatory framework for insurance group supervision by establishing comprehensive oversight at both individual and group levels. The regulation defines the scope of application for parent companies and holding companies, mandates the reporting of significant risk concentrations and intragroup transactions, and formalizes the responsibilities of parent entities to ensure group-wide compliance with governance and risk management standards. It further outlines coordination arrangements with host supervisors and enforcement mechanisms to facilitate effective supervisory cooperation within the UAE insurance sector.
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