Dynamics Insurance Brokers Lose License After Central Bank Review

The Central Bank of the UAE (CBUAE) has revoked the license of Dynamics Insurance Brokers. This action was taken under Article 22 (2) of the Insurance Authority Board of Directors Resolution No. 15 of 2013 on Insurance Brokerage Regulations.

The decision follows an examination by the CBUAE, which found that Dynamics Insurance Brokers failed to meet licensing terms and other regulatory requirements set by the Central Bank.

As part of its supervisory role, the CBUAE ensures all insurance companies and related businesses comply with UAE laws and regulations. This helps maintain transparency and integrity in the insurance sector and the wider UAE financial system.

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