The Central Bank of the UAE convened selected chief executives of UAE insurance companies and brokers to discuss regulatory, legislative and supervisory developments shaping the insurance sector, alongside strategic opportunities to strengthen competitiveness in line with global best practices. The session included a comprehensive overview of the current insurance regulatory framework and key developments and future plans. The Central Bank reaffirmed its commitment to implementing international standards, including the Insurance Core Principles issued by the International Association of Insurance Supervisors. Discussions also covered the Insurance Supervision Department’s implementation of insurance risk-based supervision to guide supervisory plans and oversight, as well as governance and risk management practices in an evolving risk landscape, with emphasis on promoting a risk-aware culture and reinforcing professional and institutional conduct across the sector.
Central Bank of the UAE 2025-11-21
Central Bank of the UAE presents insurance regulatory framework and risk-based supervision plans to insurers and brokers
The UAE Central Bank met with insurance company and broker CEOs to discuss regulatory developments. The session covered the current framework, future plans, and implementing international standards like the Insurance Core Principles. Discussions focused on risk-based supervision, governance, and promoting a risk-aware culture to enhance competitiveness and conduct.