EMEA | Publication | April 2025
In the second issue of our Middle East insurance newsletter, we delve into some of the latest developments that are shaping the industry. We discuss the recently introduced Insurance Brokers Regulation by the Central Bank of the UAE, which took effect in February 2025. This regulation marks a significant shift in how insurance brokers operate, setting new standards for licensing, risk governance, and professional indemnity insurance.
We also explore some of the key developments in the data protection landscape in the UAE financial freezones – including recent proposed amendments to the DIFC Data Protection Law, and the increasingly intensifying data privacy regulatory enforcement environment in the ADGM and DIFC.
Further, we consider a recent Dubai Court of Cassation decision, and in our spotlight article, we unpack the evolution of political risk insurance in the Middle East and the impacts of geopolitical volatility on the industry.
We hope you find this edition informative, and we look forward to sharing more insights with you in our next edition in July 2025.
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Antitrust authorities are increasingly aggressive in pursuing new theories of harm, pushing the boundaries of what amounts to an antitrust violation, and expanding the use of current legislation and regulation to fit a new era of issues.
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Artificial intelligence (AI) raises many intellectual property (IP) issues.
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Following the launch of the new Electricity Law on 30 November 2024, which took effect on 1 February 2025 (Electricity Law 2024), Decision No. 768/QD-TTg (Decision 768) issued on 15 April 2025 by the Prime Minister of Vietnam approved the revised National Power Development Plan VIII (PDP 8) for the period 2021–2030, with a vision to 2050. This decision replaces the previous Decision No. 500/QD-TTg, dated 15 May 2023.
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