Insurance Technology Industry News

TMCNet:  Qatar Insurance Industry Governance, Risk and Compliance Report 2017 - ResearchAndMarkets.com

[March 12, 2018]

Qatar Insurance Industry Governance, Risk and Compliance Report 2017 - ResearchAndMarkets.com

The "Governance, Risk and Compliance - The Qatari Insurance Industry" report has been added to ResearchAndMarkets.com's offering.

The 'Governance, Risk and Compliance - The Qatari Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Qatar.

It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together the research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admtted insurance in the country.

Summary:

  • An overview of the insurance regulatory framework in Qatar.
  • The latest key changes, and changes expected in the country's insurance regulatory framework.
  • Key regulations and market practices related to different types of insurance product in the country.
  • Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Qatar.
  • Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
  • Details of the tax and legal systems in the country.

Key Highlights

  • The insurance industry of Qatar is regulated by the Qatar Financial Centre Regulatory Authority and the Qatar Central Bank.
  • 100% FDI is permitted in the Qatari insurance industry.
  • Composite insurance is not permitted, however life insurers can operate in accident and health insurance business.
  • Motor-third party liability insurance and health insurance are the key classes of compulsory insurance in Qatar.
  • Non-admitted insurance is prohibited by the law. However, non-admitted insurance can be issued for risks which are not covered by the local insurers.

For more information about this report visit https://www.researchandmarkets.com/research/b8xhlm/governance_risk?w=4


[ Back To Insurance Technology's Homepage ]