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International

Regulatory fines could drive consolidation among insurers

May 01, 2019 Reprints

Industry experts said that small insurers may look to consolidate with other players after the United Arab Emirates enacted new regulations that include possible fines for carriers that lack sufficient capital and expertise, International Adviser reported. U.A.E.'s insurance regulator could fine insurers and insurance brokers for violating 204 rules such as operating without a license and failing to submit financial reports from the middle of May.

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Regulatory fines could drive consolidation among insurers

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