Global: UAE Insurer Censured for Breaching Personal Data Collection Regulations

The Central Bank of the UAE (CBUAE) has issued a warning to a UAE-based insurer for breaching regulations concerning the collection of personal data. While the CBUAE did not disclose the name of the insurer, it noted that the company had failed to adhere to established guidelines regarding the types of personal data permissible for insurance policies.

The Central Bank has instructed the insurer to immediately cease the non-compliant practices and rectify the deficiencies in its regulatory policies and procedures.