Qatar – Toward the reform of motor insurance policies
Thursday, 03 17 2016, Category: Insurance and Reinsurance, Country: Qatar
“Al Sharq” newspaper has been informed by officials that there will be meetings between the Qatar Central Bank, the Traffic Authority at the Ministry of the Interior and national insurance companies starting next month in order to link electronically insurers and the Traffic Authority. Theses discussion will last until next September since this electronic framework is expected to decrease the number of traffic accidents and help ensure traffic safety. National insurance companies will be electronically linked to the traffic safety department of the Traffic Authority. Even though some insurers are technically read for such a move, other insurers need modernization to match the new system. This electronic framework will build a comprehensive database on the insured, their traffic history through their personal number or a specific number. The electronic system will be fully implemented by the end of the current year or the beginning of year 2017.