Central Bank revokes licence of Al Khazna Insurance Company — policyholders and agents — immediate effect
The Central Bank of the UAE (CBUAE) has revoked the operating licence of Al Khazna Insurance Company P.S.C, effective immediately. This affects all policyholders, agents, and counterparties with outstanding claims or contracts. Policyholders must contact the CBUAE or seek alternative coverage; agents should cease all business activities and wind down existing policies in accordance with CBUAE guidance.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Policyholders must secure alternative insurance coverage and notify the CBUAE of any outstanding claims. Agents must cease all new business immediately and follow CBUAE wind-down procedures.
Source
“The Central Bank of the UAE (CBUAE) has revoked the operating licence of Al Khazna Insurance Company P.S.C, effective immediately.”
— Central Bank of UAE, 11 Jul 2025
Source: Central Bank of UAE — official 11 Jul 2025 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Policyholders must secure alternative insurance coverage and notify the CBUAE of any outstanding claims. Agents must cease all new business immediately and follow CBUAE wind-down procedures.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
11 Jul 2025.
Where can I read the original?
Read the original at Central Bank of UAE: https://www.centralbank.ae/en/news-and-publications/news-and-insights/press-release/cbuae-revokes-the-licence-of-al-khazna-insurance-company-p-s-c/
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