Top 10 Middle East stories of 2017
By Tom Carnegie, 27 Dec 17
A new family tax in Saudi Arabia, Abu Dhabi’s biggest ever scam and the UAE pushing ahead with a major life industry overhaul were some of the most read stories by our Middle East audience in 2017. To see the others, click through the slides.
In August The UAE Insurance Authority announced plans to tighten capital requirements for licenced brokers and ensure full disclosure of all commissions ahead of its move to restrict upfront fees.
The new rules were circulated to IA-licenced brokers this week and are likely to come into effect before the updated regulations on fees and charges designed to enhance consumer protection for life industry products, contained in IA Circular No. 12 of 2017.
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