Risk management services: KPMG
Technological and intellectual expertise assisted central bank efforts to supervise the UAE insurance sector
At the end of 2020, the United Arab Emirates announced that the country’s central bank, the Central Bank of the UAE, would assume responsibility for insurance, previously regulated by the Insurance Authority. This resulted in a far-reaching overhaul of the industry’s supervisory framework. KPMG was there to provide both technological and risk management expertise to make sure the process went smoothly.
“While a supervision framework was already in place, the central bank needed some additional
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