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Expanding Distribution Horizons In The UAE
Insurers in the UAE have had to revaluate their performance either to adhere to the regulatory directives or because of mounting pressure by shareholders after the discouraging Results of the past two years, which has eroded the capital of some insurers as well, said Mr Mustafa Vazayil, Managing Director of Gargash Insurance Services. “All this is leading to a very slow change towards achieving a positive approach to underwriting. With the regulatory support, this trend will continue and the market will improve further because insurers now will have to go through this evolutionary scenario. As the regulator enforces it in a more robust manner, insurers will have no choice but to ...

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