Central Bank revokes licence of Cogent Insurance Broker — insurance sector — effective immediately
The Central Bank of the UAE (CBUAE) has revoked the licence and registration of Cogent Insurance Broker, effective immediately. This affects any policyholder or business counterparty relying on Cogent for insurance brokerage services. You must cease all dealings with Cogent and transfer your insurance arrangements to a licensed broker without delay.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Cease all transactions with Cogent Insurance Broker immediately. Transfer your insurance brokerage arrangements to a CBUAE-licensed alternative broker. Verify the new broker's licence status on the CBUAE register.
Source
“The Central Bank of the UAE (CBUAE) has revoked the licence and registration of Cogent Insurance Broker, effective immediately. You must cease all dealings with Cogent and transfer your insurance arrangements to a licensed broker without delay.”
— Central Bank of UAE, 14 Dec 2023
Source: Central Bank of UAE — official 14 Dec 2023 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Cease all transactions with Cogent Insurance Broker immediately. Transfer your insurance brokerage arrangements to a CBUAE-licensed alternative broker. Verify the new broker's licence status on the CBUAE register.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
14 Dec 2023.
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-and-registration-of-cogent-insurance-broker/
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