The Emirates Insurance Association announced the start of the implementation of the mandatory home insurance system this year, and the system known as ten-year insurance is applied to engineering projects after obtaining the various approvals of the relevant authorities concerned in the country .

According to Khalid bin Muhammad al-Badi, the association’s president, the association actively participated in laying the foundations for the compulsory home insurance policy, in cooperation and coordination with the Insurance Authority and national companies, confirming that the new system targets Insurance coverage for engineering projects for periods of up to ten years against design and construction defects by the consultant engineer and the contractor implementing the project.

The President of the Emirates Insurance Association confirmed that the new system project was subject to extensive community discussions to reach the final version of the ten-year insurance policy on engineering projects, with the aim of protecting lives and home residents. < / p> It is noteworthy that the Insurance Authority has achieved many initiatives and accomplishments, including the obtaining of the ISO 9001 certificate since 2014, and the promotion of the certificate according to the standards of 2015 during 2017 and documentation All its operations and distribution of responsibilities to implement all steps.