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Renewal of insurance branch licence

A process whereby the registration is renewed for the branch of insurance companies and related profession

 

Target Audience:

- insurance companies

- insurance broker

- insurance agent

- Third Party Administrators

- Insurance Consultants

- Surveyors and Loss Adjusters

- Actuaries

- price comparison web 


Office location: Abu Dhabi/ Dubai

Department/Section: Licensing  division

Contact Person: Licensing  division

Phone: 80042823

Fax: 97125572111

Email: [email protected]

  • Auto renewal

    - Receive the link and pay the renewal fees, in addition to the need to resolve the comments two months before renewal if needed.


  • Manual renewal

    - Submit the application electronically on the electronic system/smart application, in addition to uploading the required documents.

- The Central bank accept completed application for review and approval.

- Pay fees through electronic services or via a smartphone application.

- The customer obtains the renewal certificate through the electronic system 

 

Services fees:

  1. Fee for renewing the registration of a branch of an insurance agent company: AED 1,500 per year.​

    Fine for late renewal for the branch: AED 500 for each month subject to a maximum of AED 5,000 for each year. A part of a month shall be calculated as full month.

  2. Fee for renewing the insurance broker Register: AED 1,500 per year.

    Fine fee for late renewal: AED 200 for each month subject to a maximum of AED 2,000 for each year. A part of a month shall be calculated as full month.

  3. Renewal registration fee for a branch of a national, Gulf or Takaful insurance company, 5,000 dirhams annually.

    Fine fee for late renewal: AED 1,000 fine for each month subject to a maximum of AED 10,000 for each year. A part of a month shall be calculated as full month.

  4. Renewal fee for registration of a foreign insurance company branch 15,000 dirhams annually.

    Fine fee for late renewal is AED 1,000 fine for each month subject to a maximum of AED 10,000 for each year. A part of a month shall be calculated as full month​.

  5. Fee for renewing the branch of a TPA company: AED 2,000 per year.

    Fine fee for late renewal: AED 100 for each month subject to a maximum of AED1,000 for each year. A part of a month shall be calculated as full month

  6. Fee for renewing the registration of a branch of a surveyor and loss adjuster company: AED 1,000 per year.

    Fine fee for late renewal for the branch: AED 500 for each month subject to a maximum of AED 5,000 for each year. A part of a month shall be calculated as full month

  7. Fee for renewing the registration of a branch of an insurance consultant: AED 1,500 per year.

    Fine for late renewal for the branch: AED 300 for each month subject to a maximum of AED 3,000 for each year. A part of a month shall be calculated as full month

 

 

- Submission of the application electronically or through a smartphone application

- Payment of the service charges

- Ensuring that the company profile in the e-services is updated and complete

Documents required to renew branches of insurance companies and related professions:

  1. A copy of the commercial license and commercial register

  2. A copy of the passport of  the director approved by the  Central Bank,  his residence, if any, and the identity card

Estimated time from the submission of the application until the completion of the service: one day from the submission of the complete application

Total transactional number

Service Name

Renewal of insurance branch licence

Service Category

Insurance Services

Service Type

Individual Business Services

Last updated on: Tuesday 18 March 2025

Total visitors 3167