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VIDEO · 14 JULY 2025

Understanding UAE's New Insurance Regulations: A Comprehensive Guide (Video)

Dr Hassan Elhais
Dr Hassan Elhais
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Dr Hassan Elhais

Dr Hassan Elhais

Dr. Hassan Elhais, along with the team of legal consultants and prominent local lawyers across the...

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The New Insurance Law in the UAE (Federal Decree-Law No. 48/2023) introduces comprehensive regulations for the insurance sector, aiming to ensure effective governance, transparency, and compliance among insurance companies.

United Arab EmiratesInsurance
Hassan Elhais
Hassan Elhais

Introduction

The New Insurance Law in the UAE (Federal Decree-Law No. 48/2023) introduces comprehensive regulations for the insurance sector, aiming to ensure effective governance, transparency, and compliance among insurance companies.

Scope Of the Law

The law applies to insurance companies and related professions, including holding companies meeting specific criteria. It doesn't extend to companies in Financial Free Zones, except where explicitly stated.

Applicable Entities and Criteria

Article 2 outlines applicable entities and criteria for holding companies involved in insurance activities.

The Notion of Insurance

Article 3 defines insurance as a contractual arrangement for financial compensation based on premium payments.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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