Dublin, May 27, 2024 (GLOBE NEWSWIRE) -- The "Qatar Insurance Industry - Governance, Risk and Compliance" report has been added to ResearchAndMarkets.com's offering.
This report is the result of extensive research into the insurance regulatory framework in Qatar. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together the analyst's research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.
The report provides insights into the governance, risk, and compliance framework pertaining to the insurance industry in Qatar, including:
- An overview of the insurance regulatory framework in Qatar.
- The latest key changes, and changes expected in the country's insurance regulatory framework.
- Key regulations and market practices related to different types of insurance product in the country.
- Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in the country.
- Key parameters including licensing requirements permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
- Details of the tax and legal systems in the country.
Key Highlights
- The insurance industry of Qatar is regulated by the Qatar Financial Centre Regulatory Authority (QFCRA) and the Qatar Central bank (QCB).
- 100% foreign direct investment is permitted in the Qatari insurance industry under both QCB regime and QFC regime.
- Composite insurance is not permitted; however, life insurers can operate in accident and health insurance business.
- Motor-third party liability insurance and health insurance are the key classes of compulsory insurance in Qatar.
- Non-admitted insurance is prohibited by the law. However, non-admitted insurance can be issued for risks which are not covered by the local insurers.
Report Scope
- The report covers details of the insurance regulatory framework in Qatar.
- The report contains details of the rules and regulations governing insurance products and insurance entities.
- The report lists and analyzes key trends and developments pertaining to the country's insurance regulatory framework.
- The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
- The report provides details of taxation imposed on insurance products and insurance companies.
Key Topics Covered:
- Qatar
- Legislation Overview
- Supervision and Control
- Legislation
- Compulsory Insurance
- Non-Admitted Insurance Regulations
- Company Registration and Operation
- License
- Foreign Direct Investment / Ownership
- Minimum Capital Requirements
- Solvency Margins
- Reserve Requirements
- Statutory Return Requirements
- Fee Structure
- Taxation
- Tax on Insurance Premium
- Corporate Income Tax
- Corporate Capital Gains Tax
- Value Added Tax
- Legal System
- Policy Practice
For more information about this report visit https://www.researchandmarkets.com/r/et0ibs
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