The Insurance Authority Financial Regulations | KPMG | AE

The Insurance Authority Financial Regulations: A platform for growth in the UAE

The Insurance Authority Financial Regulations

In light of the new insurance regulations (the Financial Regulations) introduced by the UAE Insurance Authority, sections of which come into force this year (2016), this briefing highlights key themes and potential impact areas for insurers, both foreign and local, operating (or wishing to operate) in the UAE.

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In this briefing:

  • We compare the Financial Regulations with theEuropean Solvency II framework.
  • We highlight the potential impact of the FinancialRegulations on insurers operating in the UAE,including compliance costs and potential consolidationopportunities.

© 2017 KPMG, KPMG LLP and KPMG Lower Gulf Limited, registered in the UAE and member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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