Central Bank revokes licence of Smart and Secure Insurance Agent
The Central Bank of the UAE (CBUAE) has revoked the licence and registration of Smart and Secure Insurance Agent, effective immediately. Insurance agents and brokers must cease all dealings with this entity. Verify counterparty licences on the CBUAE register before transacting.
The analysis — automated & source-checked
- Applies to
- Financial services · UAE
- What to do
- Do not transact with Smart and Secure Insurance Agent. Verify any existing contracts or pending claims with the CBUAE or your insurance regulator.
Source
“The Central Bank of the UAE (CBUAE) has revoked the licence and registration of Smart and Secure Insurance Agent, effective immediately. Insurance agents and brokers must cease all dealings with this entity.”
— Central Bank of UAE, 6 Feb 2024
Source: Central Bank of UAE — official 6 Feb 2024 Read the original ↗ More from Central Bank of UAE →
Quick answers
What do I need to do?
Do not transact with Smart and Secure Insurance Agent. Verify any existing contracts or pending claims with the CBUAE or your insurance regulator.
Who issued this?
Central Bank of UAE (UAE).
When was it announced?
6 Feb 2024.
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-smart-and-secure-insurance-agent/
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