CBUAE approves new financial insurance rules and this is good news for businesses and customers in the UAE. The Central Bank of the UAE has introduced new rules to make the insurance sector more organised fair and customer friendly.
These new rules focus on how insurance companies get licensed how brokers operate and how insurance products are sold through calls. The aim is simple to improve trust protect customers and create a better working system for insurance companies and agents.
Insurance companies will now need to follow clearer licensing rules. Insurance brokers will work under stronger guidelines to ensure honest and professional service. Telemarketing activities will also be controlled so customers are not disturbed or misled.
Overall these updates will help customers feel more secure while buying insurance and will also encourage serious and reliable companies to grow in the UAE market.
