Explore the latest up-to-date news, insightful articles, and thought-leadership perspectives in financial and insurance complaint resolutions.
Sanadak board of directors reviews initiatives to enhance performance and service systems
Abu Dhabi (5 June 2024): The Board of Directors of the financial and insurance ombudsman unit, Sanadak, held a meeting chaired by Her Excellency Fatma Al Jabri, Chairperson of the Board.
The meeting was attended by board members, Their Excellencies Khalid Al Mansoori, Ibraheem Al Sayed Mohamed Al Hashemi, Ismail Darwish Al Bloushi, Faiza Alawadhi, Jamal Ibrahim Al-Mutawa, and Saeed Hussein Al-Khoori.
During the meeting, the board addressed key topics and issues related to Sanadak's service framework, aiming to align future goals with the highest international standards. They reviewed progress on operational projects designed to enhance consumer protection mechanisms, ensuring consumers can promptly access complaint resolution and dispute settlement services with licensed financial institutions and insurance companies. In addition, the Board addressed the implementation of the “Zero Government Bureaucracy” programme on services provided to consumers, with the aim of simplifying and eliminating unnecessary procedures, requirements, and conditions to enhance operational efficiency and improve the quality of services.
The Board also explored the development of corporate governance mechanisms by establishing a clear and effective legal framework to protect stakeholders' rights. They discussed strategies to enhance consumer awareness and understanding of Sanadak's roles and responsibilities. These initiatives aim to build consumer trust and improve their experiences with Licensed Financial Institutions and Insurance Companies, in line with the highest global standards.
-End-
The Board of Directors of the financial and insurance ombudsman unit, Sanadak, held a meeting chaired by Her Excellency Fatma Al Jabri, Chairperson of the Board.
Sanadak, the Ombudsman Unit catering to consumers of Financial Institutions and Licensed Insurance Companies, starts its operations today, in line with the United Arab Emirates (UAE) leadership’s directive to enhance government services, and in accordance with the regulations set by the Central Bank of the UAE.
Dubai: Consumers in the UAE could soon have an opportunity to take up complaints on their insurance policies or related matters with a higher authority. The UAE Central Bank is planning an "ombudsman" unit that will take on such complaints and offer possible redressal, according to the UAE Central Bank.
