Regulatory Alerts2026-07-22
Added · Updated
Insurance Company Licensing Regulation
The Central Bank of the UAE issues the Insurance Company Licensing Regulation to establish a framework for licensing insurance companies and branches of foreign insurance companies within the State. The regulation defines key terms, classifies insurance business into persons and property/liability categories, and sets out requirements for license applications, registration, and the commencement of activities. It also governs the opening of branches and subsidiaries inside or outside the State, repeals previous regulatory instruments, and outlines enforcement and sanctions.