Arab Finance: The Financial Regulatory Authority (FRA) has issued decision No. 267 of 2024 regulating the issuance and distribution of new standard insurance policies electronically, as per a statement.

This decision, amending the authority’s decision No. 122 of 2015, seeks to utilize technology and digital transformation to bolster the insurance market's role in expanding financial inclusion.

It addresses requests from insurance companies regulated by the FRA, allowing for the initial issuance of supplementary car insurance policies for new vehicles, commonly referred to as zero cars, through electronic means.

These policies will be followed by other insurance documents, depending on market requirements.

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