Qatar: Digital Insurer Regulations Issued

Qatar: Digital Insurer Regulations Issued News developments

Qatar: Digital Insurer Regulations Issued

Khaleej Times, 24 April 2024: Qatar’s Central Bank has issued Digital Insurer Regulations. They define the regulatory framework for digital insurer activities in the country.

They have been issued in lime with the Third Financial Sector Strategy and the Fintech Strategy.

They also align with the Central Bank’s efforts to regulate and develop the financial sector in line with Qatar Law No. 13/2012.

In addition, they aim to to inspire innovation in the Fintech field, as digital insurers use technology to deliver good insurance services and improve customer experience through effective and smart digital solutions.

Finally, they have been issued in line with the Third National Development Strategy. They represent the final step towards achieving Qatar’s National Vision 2030. This aims to establish a digital economy, promote widespread technology adoption and foster innovations across various sectors, including finance.

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Tanya Jain