UAE: Insurance Authority Emiratisation Special Guide

The guide provides detail and clarification on the Emiratisation expectation, target calculation methodology and implementation requirements.  Target points are determined based on total premiums generated by companies.  The schedule to the guide prescribes the points companies are expected to attain for 2018, with the premium bracket starting at zero and going up to AED 20,000,000,000.  Emiratisation targets can be achieved in the following ways:

  1. Up to 10% of the Emiratisation target can be achieved by measuring the average spend on training and development per UAE national in the company. The Guide provides a sliding scale table, with the company having to spend an average of AED 10,000 or more per UAE national on training and development in order to be allocated the full 10%;
  2. Up to 10% of the Emiratisation target can be achieved by calculating the percentage of UAE nationals holding senior management positions within the company. The Guide sets out a sliding scale table and requires companies to have 15% or more UAE nationals in senior management positions in order to achieve the full 10%; and
  3. The bulk of the target is made up of the number of UAE nationals the company employs and the type of role they occupy, with top management positions earning higher points than those in middle management and non-administrative roles. Further points are awarded to those occupying professional roles.
For more information, please contact L&E Global.
This information was contributed by Clyde & Co.
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