Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA) published Consultation Paper No. 13 of 2025 proposing enhancements to its insurance regulatory framework to further align with the International Association of Insurance Supervisors’ Insurance Core Principles, alongside new proportionate requirements for firms to consider and manage climate-related financial risks. The proposals cover stronger expectations on risk management, market conduct and reinsurance practices. For the insurance sector, the paper also proposes steps to operationalise IFRS 17 Insurance Contracts and a set of miscellaneous amendments intended to clarify requirements and remove unnecessary obligations. The climate-related measures would apply across all Authorised Persons and Recognised Bodies where such risks may be material to their businesses. The consultation closes on 30 January 2026.
ADGM Financial Services Regulatory Authority 2025-11-26
Abu Dhabi Global Market Financial Services Regulatory Authority launches consultation on insurance regulatory enhancements and climate-related financial risk requirements
The Abu Dhabi Global Market’s Financial Services Regulatory Authority released Consultation Paper No. 13 of 2025, proposing updates to its insurance regulatory framework to align with the International Association of Insurance Supervisors’ Insurance Core Principles. Key proposals include enhanced risk management, market conduct, reinsurance practices, operationalisation of IFRS 17 Insurance Contracts, and climate-related financial risk requirements for all Authorised Persons and Recognised Bodies.