Simon Isgar

The UAE unemployment insurance scheme recently came into effect, as such Simon Isgar provided an in-depth look at the scheme for Premium Magazine.The United Arab Emirates’ new unemployment insurance scheme...

Regulatory Alert: Escrow Accounts Mandated for Insurance Agents & Brokers, & TPAs, UAE  The United Arab Emirates Central Bank (CBUAE) have issued Notice No. CBUAE/BSD/2022/4708, dated 22 November 2022 in respect of “Activating...

In the following Chambers & Partners Law and Practice Insurance Litigation article, Simon Isgar, Adam Tighe and Amany Ahmed discuss a range of topics including; rules governing insurer disputes and...

The United Arab Emirates’ new unemployment insurance scheme came into force last week, offering a safety net for expatriate residents and citizens who find themselves out of work. Originally announced...

The following article was originally written for and published in Middle East Insurance Review. IntroductionInsurance distribution in the Middle East has traditionally been procured through the insurance intermediary markets, such as...

BSA Law Firm and United Insurance Brokers (UIB) are pleased to invite you to a panel discussion looking at how the insurance industry can remove risks and increase returns in...

UAE Insurance Authority Merger with Central BankThe UAE government released the following two federal decrees during the course of 2020, which operated to merge the (former) UAE Insurance Authority with...

2021 was a further year of innovation for the insurance sector. A major regulatory change came into force in January 2021 through Federal Decree Laws No. (24) and (25) of...

The BSA Insurance team have authored the UAE Chapter of the Chambers & Partners Insurance Litigation 2021 guide. The guide provides the latest legal information on alternative dispute resolution (ADR),...

The following article was originally published for BSA in the Oath Magazineand can be downloaded here:UAE Health Data Law. Healthcare data, and information, and its development in terms of how...

Fair Competition vs Aggressive Competition in Motor Insurance BSA are speaking at the 3rd Annual Motor Conference, hosted by the Emirates Insurance Association, on Wednesday 29 September 2021. Join us...

The following article was originally published for BSA in Premium Insurance Magazine:The Concept of Healthcare/Medical Trust Can Medical Insurers offer new product structures to gain market share? Health Insurance is...

The following article was originally published for BSA on SME10X. Many industry sectors will be surprised to hear that the UAE has a well-developed legal framework for the protection of...

Health Insurance is by far the largest line of risk along side motor insurance in the United Arab Emirates. Both lines of insurance are mandatory, save that health insurance is...

On 13 June 2021 the UAE Central Bank issued a circular with reference no. CBUAE/BSD/N/2021/3148 (“the Circular”) addressed to all financial institutions operating in the UAE, offering structured conventional life...

The English High Court has recently handed down a judgement in a test case related to “Business Interruption” insurance in the context of the COVID19 pandemic, which provides an interesting...

BSA Ahmad Bin Hezeem & Associates LLP (“BSA”) are pleased to support the recent exciting merger of the United Arab Emirates Insurance Authority & Securities & Commodities Authority into one...

Regulatory Changes for Insurance Disputes in the United Arab Emirates and the existing Insurance Dispute Committee in the Kingdom of Saudi Arabia BSA are often instructed by the London market...

Risks and Trends for 2020 - Authored byMartin Kreuzer, Risk Manager Cyber Risks, Munich Re A Legal & Regulatory Perspective from the Middle East - Authored by Simon Isgar, Partner...

The COVID-19 pandemic presents opportunities for the tele health/medicine sector to expand the concept of remote healthcare services through technology platforms in the Middle East and beyond. Recently, the United...

Insurance Financial Reporting Standards (IFRS) 17 represent a new and unprecedented international reporting and disclosure regime for the insurance industry [1]. IFRS 17 takes effect in January 2021 [2]. There...

The Capital Markets Authority (CMA) in Oman, the financial regulator, has released the new mandated medical insurance Law, Unified Health Insurance Policy and the Health Insurance Rules under Decision No.78/2019...

Expo 2020 will be hosted in Dubai at the end of the year for 173 days, which brings much excitement and potential world trade and business opportunities to the region....

The United Arab Emirates’ life insurance market is set for radical change in 2020 with the implementation of the “New Life Insurance and Family Takaful Regulations” [1]. The United Arab...

The Middle East currently places much of its capacity through the global reinsurance markets, where much of the risk is ceded out to these markets, according to Mr Simon Isgar,...

BSA Ahmad Bin Hezeem & Associates LLP offer specialist legal services to the healthcare sector through a dedicated legal team of experts. With extensive experience of working with many healthcare...

Dubai Health Insurance – Violations & Fines Dubai Executive Council issued Executive Council Resolution No (7) of 2016 (Resolution) pertaining to fees and fines pursuant to Health Insurance Law (No...

Introduction Insurance distribution in the Middle East has traditionally been procured through the insurance intermediary markets, such as brokers and insurance agents despite the fast-growing alternative distribution channels available to...

Resolution No 34/2019 - For the Issue of Unified Healthcare Insurance Policy Form Introduction The Health insurance market embraces itself for another mandated health insurance law in the Sultanate of...

Law requires secure storage of healthcare data in UAE for 25 years Healthcare providers, insurers, brokers, IT providers must audit their compliance The United Arab Emirates is preparing to roll...

Insurance Financial Reporting Standards (IFRS) 17 represents a new and unprecedented international reporting and disclosure regime for the insurance industry [1]. IFRS 17 takes effect in January 2021 [2]. There...

Federal Law No.2 of 2019 - Using IT and Telecommunications in the Healthcare Sector Further to our recent Regulatory Alert “UAE Legal Update - Regulatory Alert Healthcare Federal Law No.2...

Healthcare Federal Law No.2 of 2019 - Using IT and Telecommunications in the Healthcare Sector The United Arab Emirates Government Promulgate Federal Law No.2 of 2019 - Using IT and...

The UAE Insurance Authority (‘IA’) has now promulgated and issued the ‘Cabinet Resolution No 7 of 2019 Concerning the Administrative Fines Imposed by the Insurance Authority’ (‘the Resolution’), which was...

Following his latest appointment at BSA Ahmad Bin Hezeem & Associates LLP, one of the region’s leading law firms, Al Morkeb Magazine had the chance to interviewSimon Isgar, the new...

BSA Ahmad Bin Hezeem & Associates LLP, one of the region’s leading law firms, has announced the appointment ofSimon Isgaras Head of Insurance. A qualified barrister, Simon previously headed up...

Effective as at 1st October 2018, the Insurance Distribution Directive ((EU) 2016/97) (IDD) [1], (Insurance Distribution Directive (IDD)) and its statutory provisions will apply to all EU distributors of insurance...