Insurance in Qatar - Extension of the new regulation implementation deadline

Qatar Central Bank (QCB), supervisor of the insurance sector in the emirate, has extended the implementation deadline for the new regulations to be used by insurers and reinsurers. The date for the entry into force of the new legislation has been postponed from May 31 to November 30, 2015.

This measure follows the difficulties encountered by the companies involved in implementing the reforms which require, among others, insurers and reinsurers to engage in cross-border activities, to show more transparency and better risk management.

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