UAE implements BOD-49 reforms despite industry concerns

clock • 2 min read

The UAE Insurance Authority (IA) yesterday implemented its delayed BOD-49 reforms to the Gulf state's insurance industry, despite last-minute pleas from the sector for the legislation to be amended or even reconsidered altogether. The "gamechanging" legislation, which introduces a range of requirements for life insurance providers and those advisers who sell their products, has been given a cautious welcome at best from an industry wary it could do more harm than good.  Last week II exclusively reported that a number of key industry figures have called for a last minute changes to the...

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Author spotlight

Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.