Regulator endorses several foreign actuarial organizations
Posted On: Aug. 1, 2016 12:00 AM CSTThe actuarial bodies are in Canada, France, the United Kingdom and the United States.
The regulator aims to improve pricing by mandating insurers to price their products according to actuarial standards.
Price undercutting in the overcrowded U.A.E. insurance market has resulted in losses for several insurers.