An Insurance Broker is defined under Federal Law Number 6 of
2007 (in respect of the establishment of the Insurance
Authority and Regulating the Insurance Practice) as:
“The person mediating independently in insurance or
reinsurance operations between the insurance/reinsurance applicant
on one hand and the insurance/reinsurance company on the other, and
charging, for his services, a commission from the
insurance/reinsurance company with which the insurance/reinsurance
policy is concluded.”
The Insurance Broker profession in the United Arab Emirates
(UAE) is regulated by the Insurance Authority Board of
Directors Resolution Number 15 of 2013 (the
“Regulations”), including amendments from time to
time. Under Federal Law Number 6 of 2007, the Insurance
Authority (IA) was set up as a separate legal personality for the
regulation and supervision of the insurance sector in the UAE.
