Insurance & Reinsurance 2018

Regulatory agenciesIdentify the regulatory agencies responsible for regulating insurance and reinsurance companies.>>🔗

The United Arab Emirates (UAE) contains two distinct jurisdictions: onshore UAE and free zones. Onshore UAE comprises seven separate and independent Emirates (Abu Dhabi, Dubai, Sharjah, Ras Al Khaimah, Fujairah, Ajman and Umm Al Qwain). Federal Law No. 6/2007 (the Insurance Law) regulates onshore insurance and reinsurance companies through the UAE Insurance Authority (the Insurance Authority). This body is predominantly concerned with:

  • insurance and reinsurance companies located or operating in the UAE;

  • customers located or operating in the UAE; and

  • licensed insurance intermediaries.

There are also dedicated regulators for the health insurance sector in Dubai (the Dubai Health Authority (DHA)) and Abu Dhabi (the Health Authority of Abu Dhabi (HAAD)).

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