TME LEGAL | DUBAI – RECHT KLAR

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New Insurance Brokers Regulation in the UAE: Enhancing Professionalism and Consumer Protection

As of 15 February 2025, the UAE has implemented a major regulatory overhaul of the insurance brokerage sector. The new Insurance Brokers Regulation 2024, issued by the Central Bank, prohibits brokers from handling premiums, introduces strict commission and capital rules, and significantly tightens compliance requirements. This marks a fundamental shift for both insurers and intermediaries, requiring immediate operational and legal adjustments.