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2023 PRIORITIES 

  • Engage insurance entities regarding IFRS 17 implementation
  • Focus on the intermediaries’ controls around collection and remittance of insurance monies
  • Review professional indemnity insurance covers obtained by authorised firms and assess adequacy of those covers in mitigating the risks 
  • Continue to focus on underwriting standards, and review accumulation of risks and the DIFC insurance market’s exposure to large losses 

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