The Central Bank of the UAE has revoked the licence of Dynamics Insurance Brokers under Article 22(2) of the Insurance Authority Board of Directors Resolution No. 15 of 2013 on Insurance Brokerage Regulations. The revocation followed a Central Bank examination that found the broker had failed to comply with the Central Bank’s licensing terms and requirements, as well as additional requirements set out in the regulation.
Central Bank of the UAE 2025-04-03
Central Bank of the UAE revokes Dynamics Insurance Brokers’ licence for breaches of insurance brokerage requirements
The Central Bank of the UAE has revoked the licence of Dynamics Insurance Brokers under Article 22(2) of the Insurance Authority Board of Directors Resolution No. 15 of 2013. This action follows an examination revealing non-compliance with the Central Bank’s licensing terms and regulatory requirements.