Qatar – 6 rules for insurers’ management membership
Tuesday, 07 05 2016, Category: Insurance and Reinsurance, Country: Qatar
The Qatar Central Bank implemented lately a series of regulations applying to insurance, reinsurance, Takaful and Re-Takaful companies in order to improve the performance, transparency and service of the sector given the increase in expatriate workforce in addition to the preparations of insurance and reinsurance companies to cope with the new health insurance system which will be implemented before the year-end.
The Qatar Central Bank also stressed on the regulations applying to the members of the board of directors and high management and the conditions applying to them. The “Central Bank” confirmed the necessity of fulfilling professionalism, honesty and transparency conditions indicating the importance of having accurate and misleading financial disclosures.
Source: Lusail News