Central Bank of the UAE prepares to gain insurance powers

Central Bank of the UAE
Central Bank of the UAE
Photo: Achilver/Wikimedia Commons

The Central Bank of the United Arab Emirates is preparing to gain new powers over insurance, as part of the government’s ambition to make it one of the top 10 central banks globally.

The central bank has commenced “operational procedures” to merge with the insurance authority, the CBUAE said in a statement on January 27.

The merger was set in motion last year by a government decree. The central bank is already responsible for overseeing banks, money changers and other financial institutions

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.