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Regulation Around the World: Open Finance
In this issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance.
Insurance focus: Key developments in the insurance sector in the Middle East – second edition
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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