Insurance Policy Archives - Fichte & Co Legal

A Recognized Port of Refuge in the UAE?

Jasmin Fichte — Mon, 22 Sep 2025 12:42:34 +0000

There has been an alarming increase in ship casualties in recent years, often caused by fire in containers, in holds or in the engine room. Recent casualties in the MENA region include the MAERSK FRANKFURT (fire and explosion), the ASL BAUHINIA (fire in Containers on board) and the WAN HAI 503 (fire and explosions), all …

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Understanding the Jurisdiction, Powers, Function and Fees of the Insurance Committee for Settling and Resolving Insurance Disputes

Habib Babikir — Wed, 11 Jun 2025 05:50:21 +0000

The United Arab Emirates (UAE) has established a unified regulatory body for the insurance and banking sectors, known as the Ombudsman Unit for the United Arab Emirates “Sanadak” (operating under the UAE Central Bank) Sanadak commenced operations on 07 March 2024, replacing the former Banking and Insurance Dispute Settlement Unit (BIDRU). The recently issued Federal Administrative …

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Moving to Dubai: What Germans Should Know

Jasmin Fichte — Wed, 26 Mar 2025 06:56:50 +0000

For wealthy Germans considering emigrating to Dubai, there are many questions and important aspects that need to be clarified. In recent years, Dubai has become a preferred destination for affluent individuals and entrepreneurs who want to benefit from the tax advantages, high quality of life, and diverse business opportunities. In this article, we aim to …

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Introducing Sanadak: UAE’s first Ombudsman Unit for Financial and Insurance Consumer Disputes

Ravi P. Jawani — Thu, 28 Mar 2024 06:00:40 +0000

The UAE has taken a significant step towards enhancing consumer trust and protecting consumer rights with the introduction of the new ombudsman unit, “Sanadak”. This move follows the merger of the UAE Insurance Authority with the Central Bank of the UAE in 2020, forming a unified regulatory body for both insurance and banking sectors. The …

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