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The insurance company was also ordered to pay all legal fees.

The Federal Decree Law No. 13 of 2022 (the "Federal Law") concerning the Unemployment Insurance Scheme (the "Scheme") and the Cabinet Decision No. 97 of 2022 concerning the Mechanisms...

In February of 2022, the UAE Government passed Federal Law No. 33 of 2021 ("New Labour Law") abrogating and replacing the previous labour law i.e. Federal Law No. 8 of 1980.

Health Insurance is by far the largest line of risk along side motor insurance in the United Arab Emirates. Both lines of insurance are mandatory, save that health insurance is currently only...

The Dubai International Financial Centre (DIFC) recorded a 35% rise in gross written premiums (GWPs) in 2024, reaching USD3.5 billion generated by 125 insurance-related entities...

The insurance sector in Dubai is regulated by the Insurance Authority, which is responsible for setting and enforcing regulations to ensure the stability and growth of the industry.

Following the promulgation of Federal Law No.6, Establishing the Insurance Authority and Regulations of Insurance Operations in 2007, the regulation of the insurance sector became vested in the Emirates Insurance Authority.

The United Arab Emirates (UAE) has long been recognized as a dynamic hub for financial services, with its insurance sector playing a critical role in supporting economic growth and safeguarding commercial.

In this article, which is the first of three in a series, Kennedys' Corporate Insurance team looks at the new proposed commission structures under the new draft life regulations in the UAE.

With thousands of online insurance offers, the Insurance Authority of the Government of the UAE Government issued the Insurance Authority Board of Directors' Resolution No. (18) of 2020 Concerning the Electronic Insurance Regulations (Resolution) on 27 April 2020 to govern all insurance policies sold or purchased online within the UAE.

An FOB sale is an international trade term used to describe the terms of sale and delivery of goods. "FOB" stands for "Free On Board," and it defines the respective obligations of the seller and the buyer in the sale...

On 14 November 2016, the UAE Insurance Authority issued Circular No. 33 of 2016 as the first draft of the Regulations for Life Insurance and Family Takaful Business...

The most significant change short-term change is VAT which is likely to be introduced on 1 January 2018.

"It doesn't make sense." This was what Lloyd's CEO, Richard Ward, had to say last year on the topic of how, in the UK, brokers are generally remunerated by underwriters rather than their clients.

As AI-generated artworks increasingly enter galleries, auctions, and private collections, traditional fine art insurers confront a fundamental challenge to their underwriting frameworks. Built on assumptions of human authorship, physical uniqueness, and clear provenance, existing insurance models are disrupted by AI-generated art's unique characteristics. The industry must now develop new approaches to address emerging risks around ownership, valuation, intellectual property liability, and technological dep

The law, which broadly mirrors the U.S. Health Insurance Portability and Accountability Act, would help safeguard patient data while increasing the compliance burden on providers, insurers

The United Arab Emirates (UAE) Insurance Authority recently published the Insurance Authority Board of Directors' Resolution No. 18 of 2020 on Electronic Insurance Regulations dated 27 April 2020...