Qatar – Electronic system linking insurers and traffic department
Thursday, 10 13 2016, Category: Insurance and Reinsurance, Country: Qatar
The Qatar Central Bank is holding a coordination meeting with insurance, reinsurance, Takaful and ReTakaful companies operating in the country in order to study the electronic system that will link the traffic department at the ministry of interior that will be implemented soon.
The source revealed to “Lusail” that the competent authorities at the central bank, insurance, reinsurance, Takaful and ReTakaful companies are holding meetings continuously in order to complete the national project linking insurance contracts and traffic statements in addition to identifying the history of the driver or car owner in case an accident occurs in order to study the riskiness and assess insurance coverge.
These sources confirmed that this project is a major milestone of the insurance and reinsurance sector indicating that it will be ready in the next weeks after completing all the solutions and establish the electronic linking between the related parties.
Source: Lusail News