A report on gulfnews.com, it seems that insurance brokers in Dubai are still waiting for the draft amendment of local laws governing the conduct of its affairs. The concerns intensified earlier this year in the Dubai-based leading the firm has experienced financial difficulties amid rumors that some of the customers of the company had lost money.
A commentator on the industry believes that if the broker is not up to the responsibility that must protect their customers, but it is a massive increase in the level of professional indemnity insurance who currently own. In addition to professional liability insurance limits should be set depending on the amount and type of business and personal activities of brokerage firms'.
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