Bahrain – Reform to insurance capital requirements
Monday, 05 15 2017, Category: Insurance and Reinsurance, Country: Bahrain
An official of the Central Bank of Bahrain said that the central bank is responsible about the regulation and supervision of banks, financial organizations and insurance companies and is looking forward to develop the capital requirements of insurance companies.
Moreover, Mr. Abdul Rahman Al Baker Executive Director of Financial Institutions Supervision at Central Bank of Bahrain said that the central bank introduced a manual on capital requirements. And he said “we are updating the manual. In the Takaful field we issued a manual related to capital requirements and we are looking for methods to further develop these capital requirements”.
Source: Al Wasat