After almost four months of the BOD-49 regulation, some are projecting that the changes will lead to a reduced uptake of life insurance products and other financial services, particularly amongst the expat population in the UAE. Some Background – BOD-49 and Commissions. The BOD-49 regulations – which were introduced on October 16th– are an attempt […]
Tag Archives: BOD-49
04
Dec
Dec
With a vaccine on the horizon, optimism is growing about the COVID-19 pandemic drawing to a close. But, with life heading towards the new normal, people’s attitudes and mindsets have permanently changed. Changing Mindsets. It’s no surprise that both people’s attitudes and priorities are changing as a result of the COVID-19 Pandemic. A recent study […]
14
Nov
Nov
On the 16th October 2020, the UAE Insurance Authority brought in its much-discussed BOD-49 life insurance regulations. Whilst these were supposed to come into force earlier, the implementation of the new regulations was delayed by the pandemic. The BOD-49 regulations are intended to combat mis-selling and increase transparency and value for consumers. What Is The BOD-49 […]