BSA Ahmad Bin Hezeem & Associates

Insurance and Reinsurance

New Insurance Authority regulation to impact insurance consultants

May, 2018
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by Raghad Hammad and Nour Gemayel

 

Published on May 20th, 2018, Decision No. (12) of 2018 issued by the United Arab Emirates (“UAE”) Insurance Authority regulates the licensing and registration of insurance consultants and organizes their operations.

The strict requirements introduced will allow the UAE Insurance Authority […]

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ICLG Insurance & Reinsurance 2018 Legal Guide

We are happy to announce the collaboration between BSA and International Comparative Legal Guides (ICLG) on the ICLG Insurance & Reinsurance Legal Guide for the year 2018.

Michael Kortbawi, Partner at BSA’s Dubai office, a prominent Middle Eastern Insurance lawyer, has been a longtime contributor to regional […]

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New VAT Implications Impacting The Region – Key Measures To Consider For Insurers In The GCC

 

It is crucial for businesses to start the preparation process early, as an understanding of the potential impact of VAT on the business will reduce friction in the ongoing process. VAT liabilities are generally self-assessed, with errors often leading to harsh penalties, time-consuming interactions with […]

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A long-awaited initiative: Measures to enhance the regulatory framework in the UAE

Having been appointed by the UAE Insurance Authority to assist in redrafting the UAE insurance law, Irshied Tayeb, head of insurance, Rima Mrad, partner, and Michael Kortbawi, partner at Bin Shabib & Associates discuss the measures to enhance the regulatory framework.

Bringing the UAE insurance law in line […]

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M&A in the Insurance Sector

Proposed regulatory changes penciled to be introduced within the next two to three years are expected to boost consolidation among
GCC insurance companies, local bankers, attorneys, and industry sources told Mergermarket.

Michael Kortbawi, partner at Bin Shabib & Associates discusses the issues surronding M&A activty in […]

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