The future of the insurance landscape is changing and the impact of strategy on mid-market companies is increasing.
The Insurance sector in the UAE has recently shown signs of being impacted by the challenging economic environment and lowering oil prices. With new regulation being introduced in January 2015 by the UAE Insurance Authority, insurance companies are still going through the challenge of adapting to the new regulation whilst aiming to remain resilient to economic conditions.
We have identified five key areas that Insurance companies must fortify and guard in the UAE to embrace changes in the market condition.
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