A New Dawn on the UAE Insurance Horizon - The Scout Motto: Be Prepared, 24th Feb
- Event Date
- Tue, 24 February , 2015
- DIFC, Dubai,
The session provided an overview and implications of the new Health Insurance Law, and how to manage your own investments if your adviser is no longer licensed to operate.
In November 2014, the Insurance Authority implemented wide ranging and much anticipated legislation that impacts almost every expat here in the UAE.
The changes affect advisory firms and their license to operate; and introduce new Health Insurance Law, which is compulsory for all residents and visitors in the emirate of Dubai.
The following key issues was covered in the presentation:
· The effect of the new regulations which includes: Increased capital requirements; Department head for each line of insurance; Compulsory health insurance; Unregulated intermediaries
· Dubai Health Insurance law: The law requires that all Nationals and Residents of Dubai (including dependents) must have coverage in place to pay for emergency and curative healthcare needs.
· The Dubai Health Insurance legislation’s next phases of implementation
· DHA Regulation: Giving Health Insurance Advice
The presentations also touched on Investments which includes; How to manage your own investments; Understanding your own risk structure; How to do my own gap analysis and the effect of asset allocation.
Through the German Chamber of Commerce she obtained her status as an insurance, sales and financial specialist.? Katharina was previously employed in the Education and Training Department at Formaxx in her home country of Germany. She moved to Dubai to join InsureMe,? taking on the critical role of building a reputable sales team. With over 10 years experience in the insurance industry, Katharina has a natural forte when managing her colleagues and has developed strong areas of expertise in sales, business development and finance to become an integral part of the Me-Group team.
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