Generative AI is transforming the UAE insurance sector through automation, personalised services, and advanced risk management. This article examines adoption challenges, responsible AI principles, and governance models that insurers need to stay competitive and compliant.
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ADVISORY
AI governance in the UAE's insurance industry and beyond
Business risk and Audit
UAE Accountability Authority (UAEAA) Governance Requirements
The UAE Accountability Authority (UAEAA) has issued Resolution No. (154) of 2024, mandating compliance with new auditor appointment rules as outlined in Federal Law No. (56) of 2023, and Resolution No. (159) of 2024, mandating Internal Audit Rules for UAEAA subject entities. These rules, effective immediately, align closely with the standards set by the Abu Dhabi Accountability Authority (ADAA).