Governance, Risk and Compliance – The Qatari Insurance Industry

Date: 2015-11

“• The insurance industry of Qatar is regulated by the Qatar Financial Centre Regulatory Authority and the Qatar Central Bank.

• 100% FDI is permitted in the Qatari insurance industry.

• Composite insurance is not permitted, however life insurers can operate accident and health insurance business.

• Motor-third party liability insurance and health insurance are 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.”

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