UAE Central Bank cancels registrations of two insurance brokers - GulfToday

UAE Central Bank cancels registrations of two insurance brokers

  • 07 Jun 2023
UAE-Central-Bank

A view of the UAE Central Bank.

The Central Bank of the UAE (CBUAE) has cancelled the registrations of Seagull Insurance Services Co. and Al Shorafa Insurance Services from the insurance broker register, in accordance with the applicable insurance brokers’ regulation.

The CBUAE, through its supervisory and regulatory mandates, works to ensure that all insurance companies and professions related to insurance companies comply with the UAE laws and regulations adopted by the CBUAE, to safeguard the transparency and integrity of the insurance industry and the UAE financial system.

WAM

Related articles

UAE insurance sector continued to grow in the Q4 of 2023: CBUAE

The UAE insurance sector continued to grow in the fourth quarter of 2023 (Q4, 2023), as reflected by increase in the gross written premiums.

02 Apr 2024

UAE Central Bank maintains base rate applicable to ODF at 15 basis points

The Central Bank of the UAE (CBUAE) has maintained the base rate applicable to the overnight deposit facility (ODF) at 15 basis points, effective from Thursday (July 29).

29 Jul 2021

UAE Central Bank’s budget totalled Dhs650b for first half of this year

The Central Bank of the UAE’s public budget reached an all-time high of Dhs650 billion by the end of June 2023, as revealed by its latest fiscal report.

22 Aug 2023

UAE ranks world’s fourth largest Islamic finance market: CBUAE

The Central Bank of the UAE (CBUAE) has revealed that the main Islamic financial markets are located in the Gulf Cooperation Council (GCC),

19 Feb 2024

Most Popular Stories

Other Articles

Pakistan PM lauds UAE leadership for outstanding flood management

President Sheikh Mohamed received two phone calls from King Abdullah II and Shahbaz Sharif, in which they expressed their wishes for the safety of the UAE and its people following the difficult weather conditions and heavy rains that the country witnessed recently.

9 hours ago

UAE first country to deliver relief aid to Khan Younis

The humanitarian operation provided food, shelter tents, and basic supplies in light of the catastrophic conditions that the Strip has been going through for several months.

9 hours ago

Dubai intensifies field operations to restore normalcy after rain

The field emergency teams are equipped with extensive logistical support, including 146 heavy vehicles, 141 water pumps, 130 tanks, and 85 machines and light vehicles, to efficiently handle unexpected heavy rains.

10 hours ago

VIDEO: Sheikh Sultan directs assessment of damage resulting from weather impacts in Sharjah

Sharjah Ruler commended the efforts of field teams, including government and military personnel, as well as citizens and residents volunteers, for their dedication and great efforts in managing the weather impact and ensuring the safety of all individuals...

12 hours ago