DFSA | THE INDEPENDENT REGULATOR OF FINANCIAL SERVICES

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 

For better web experience, please use the website in portrait mode