Regulatory Alerts2020-04-28
Insurance Authority Board of Directors' Resolution No. (18) of 2020 Concerning the Electronic Insurance Regulations
The Insurance Authority issued Resolution No. (18) of 2020 to regulate electronic insurance operations for licensed companies and related professions in the UAE. The resolution mandates strict risk management strategies, cybersecurity standards, and data protection measures while defining permissible insurance products for online sale. It further establishes comprehensive requirements for website transparency, pre-contract disclosures, and the outsourcing of electronic insurance services.
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