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For those busy insurance/reinsurance professionals out there,
BSA have provided a snap-shot of last year s UAE insurance laws
and what to watch out for in 2021.
The formal declaration of the outbreak of Coronavirus as a
pandemic (Covid-19) on 11 March 2020 sent shockwaves around the
world and the insurance industry has been hit hard. While the
market was already struggling with hardening rates and lack of
capacity, Covid-19 added fuel to the fire and saw several
reinsurers pulling out of the region, until things settle down.