BSA Ahmad Bin Hezeem & Associates

Barry Greenberg

Lost in Translation

As a market participant, it is crucial to effectively communicate with the regulator to avoid pitfalls that arise out of misunderstandings with regard to expectations and applicable standards, explains Barry Greenberg.

Anyone engaged in the UAE insurance market, whether on behalf of an insurer, claims administrator, broker, advisor […]

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DIFC Insurance Regulations – proposed amendments

The Dubai Financial Services Authority (DFSA), which regulates all Financial Services within the Dubai International Financial Center (DIFC), in November, 2015, issued its Consultation Paper No. 103 (CP103), proposing changes in how entities engaged in providing insurance related products and services will be regulated. This is of keen […]

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Mena Insurance Awards 2016

The annual MENAIR Insurance Awards recognise and reward those Mena based insurers, reinsurers and brokers that have demonstrated exceptional customer service and innovative product development over the past 12 months.

Senior Associates, Barry Greenberg and Raghad Hammad attended the awards ceremony, that took place on Wednesday, 27 January […]

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New Year’s Eve: The Dubai Address Fire

The New Year arrived in Dubai, UAE, with more than the usual amount of spectacular fireworks this year, as anyone of the hundreds of thousands of people who gathered around the Burj Khalifa this past Thursday evening in anticipation of the annual New Year’s Eve fireworks, can […]

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UAE Insurance Brokerage Regulations – Challenges in Reforming the Marketplace

What happens when strict regulation is imposed onto a market that had until that time been barely regulated? Think of Wyatt Earp and his brothers riding into Tombstone, Arizona in the early 1880’s, looking to impose order on the until that time lawless town. The outlaws were […]

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Iran – Early Bird Benefits

 

Iran Sanctions Agreement

The 14th July announcement that the Islamic Republic of Iran and the E3 + 3 nations (the United States, Great Britain, France, Germany, Russia and China, together also known as the P5 + 1) have, after long running negotiations, entered into a comprehensive agreement whereby Iran […]

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Legal update: Insurance Authority Resolution

The UAE Federal Insurance Authority (IA) has recently issued its new Resolution 7 of 2015, amending Resolution 9 of 2011 (issued by the Board of Directors of the Insurance Authority), concerning the instructions to license and regulate the control of the activities of the companies to manage medical […]

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Insurance Regulation – Finding a Balance

The job of an Insurance Regulator is not easy. The Regulator is called upon to make determinations that from time to time, will adversely affect the interests of a group or particular entity, and will thereafter face intense criticism from that group or entity. Meanwhile, the group or […]

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