The UAE Central Bank. ARCHIVE

The Central Bank of the UAE has cancelled the licence of First Insurance Brokers Company for failing to comply with requirements. First Insurance Brokers Company is an insurance company operating in the UAE. According to data from the Emirates Insurance Association, the First Insurance Brokers Company was established in 1998 in Deira, Dubai. According to the Central Bank, the company failed to comply with the requirements of the insurance brokerage system. The business has also been deregistered or removed from the register, the UAE Central Bank added. According to the banking authority, it works to ensure that all insurance companies and professions related to insurance companies comply with the UAE laws and regulations to safeguard the transparency and integrity of the insurance industry and the UAE financial system. ICA/Expat Media
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