UAE central bank revokes licence of Smart and Secure Insurance Agent

UAE central bank revokes licence of Smart and Secure Insurance Agent

The Central Bank of the UAE (CBUAE) has revoked the licence of Smart and Secure Insurance Agent and struck its name off the register. The reason for the administrative sanction was its weak compliance framework and failure to meet regulatory obligations, the central bank said in a statement on Tuesday. (Writing by Brinda Darasha; editing by Seban Scaria) [email protected] UAE central bank revokes licence of Smart and Secure Insurance Agent