Qatar – Applications to establish new insurance companies
Monday, 06 13 2016, Category: Insurance and Reinsurance, Country: Qatar
Press sources were informed that a group of Qatari investors submitted applications to establish public shareholding companies in the insurance field as well as brokerage companies in the same field. The Qatar Central Bank, which supervises the insurance sector, is currently studying these applications and examining whether they fulfill requirements. Additionally, the establishment of these companies will necessitate the approval of other governmental entities such as the Qatar Financial Markets Authority and the Qatar Stock Exchange especially given that the executive instructions issued by the Qatar Central Bank in order to regulate the insurance sector compel all insurance companies to be public shareholding companies.