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Governance, Risk and Compliance-The Qatari Insurance Industry

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  • Details
  • Table Of Content
  • Licence Rights
  • Section Purchase
  • Products and Companies

Details

Timetric's 'Governance, Risk and Compliance-The Qatari Insurance Industry' 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 Timetric'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.

Summary

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 Qatar.

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.

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.

Reasons To Buy

Gain insights into the insurance regulatory framework in Qatar.

Track the latest regulatory changes, and expected changes impacting the Qatari insurance industry.

Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.

Understand key regulations and market practices pertaining to various types of insurance product.

Key Highlights

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 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.

READ MORE

Table Of Content

Scope

1 INTRODUCTION

1.1 What is this Report About?

1.2 Definitions

2 GOVERNANCE, RISK AND COMPLIANCE

2.1 Legislation Overview and Historical Evolution

2.2 Latest Changes in Regulation

2.3 Legislation and Market Practice by Type of Insurance

2.3.1 Life insurance

2.3.2 Property insurance

2.3.3 Motor insurance

2.3.4 Liability insurance

2.3.5 Marine, aviation and transit insurance

2.3.6 Personal accident and health insurance

2.4 Compulsory Insurance

2.4.1 Motor third-party liability insurance

2.4.2 Health insurance

2.4.3 Professional indemnity insurance for insurance intermediaries

2.4.4 Liability for ships with respect to oil pollution

2.4.5 Air carriers and aircraft operators' insurance

2.5 Supervision and Control

2.5.1 International Association of Insurance Supervisors

2.5.2 Qatar Financial Centre Regulatory Authority

2.5.3 Qatar Central Bank

2.6 Non-Admitted Insurance Regulations

2.6.1 Overview

2.6.2 Intermediaries

2.6.3 Market practices

2.6.4 Fines and penalties

2.7 Company Registration and Operations

2.7.1 Type of insurance organization

2.7.2 Establishing a local company

2.7.3 Foreign ownership

2.7.4 Types of license

2.7.5 Capital requirements

2.7.6 Solvency margin

2.7.7 Reserve requirements

2.7.8 Investment regulations

2.7.9 Statutory return requirements

2.7.10 Fee structure

2.8 Taxation

2.8.1 Insurance premium or policy taxation

2.8.2 Withholding taxes on premium paid overseas

2.8.3 Corporate tax

2.8.4 VAT

2.8.5 Captives

2.9 Legal System

2.9.1 Introduction

2.9.2 Access to court

2.9.3 Alternative dispute resolution

3 APPENDIX

3.1 Methodology

3.2 Contact Timetric

3.3 About Timetric

3.4 Timetric's Services

3.5 Disclaimer


List Of Figure

Figure 1: Qatar-Insurance Supervision and Control at Various Levels

Figure 2: Qatar-Insurance Regulatory Frameworks for Company Registration and Operation


List Of Table

Table 1: Insurance Industry Definitions

Table 2: Qatar-Insurance Regulatory Framework Key Features

Table 3: Qatar-Life Insurance Regulatory Framework

Table 4: Qatar-Property Insurance Regulatory Framework

Table 5: Qatar-Motor Insurance Regulatory Framework

Table 6: Qatar-Liability Insurance Regulatory Framework

Table 7: Qatar-Corporate Tax Rates for the Financial Year 2017

Licence Rights

Section Purchase

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

Products and Companies

Products

Insurance, Governance, risk and compliance, Regulatory framework, Life insurance, Property insurance, Motor insurance, Liability insurance, Marine, aviation and transit insurance, Personal accident and health insurance, Compulsory insurance, Licensing requirements, Minimum capital requirements, Solvency requirements, Non-admitted insurance, Reserve requirements, Investment regulations, Licensing fee, Authorization fee, Risk-based capital framework, Accounting standards, Returns requirement, Consumer protection, Law, Regulation, Act, Tax, Insurance premium tax, Corporate tax, VAT, Legal system, Court system

Timetric's 'Governance, Risk and Compliance-The Qatari Insurance Industry' 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 Timetric'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.

Summary

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 Qatar.

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.

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.

Reasons To Buy

Gain insights into the insurance regulatory framework in Qatar.

Track the latest regulatory changes, and expected changes impacting the Qatari insurance industry.

Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.

Understand key regulations and market practices pertaining to various types of insurance product.

Key Highlights

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 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.

READ MORE

Scope

1 INTRODUCTION

1.1 What is this Report About?

1.2 Definitions

2 GOVERNANCE, RISK AND COMPLIANCE

2.1 Legislation Overview and Historical Evolution

2.2 Latest Changes in Regulation

2.3 Legislation and Market Practice by Type of Insurance

2.3.1 Life insurance

2.3.2 Property insurance

2.3.3 Motor insurance

2.3.4 Liability insurance

2.3.5 Marine, aviation and transit insurance

2.3.6 Personal accident and health insurance

2.4 Compulsory Insurance

2.4.1 Motor third-party liability insurance

2.4.2 Health insurance

2.4.3 Professional indemnity insurance for insurance intermediaries

2.4.4 Liability for ships with respect to oil pollution

2.4.5 Air carriers and aircraft operators' insurance

2.5 Supervision and Control

2.5.1 International Association of Insurance Supervisors

2.5.2 Qatar Financial Centre Regulatory Authority

2.5.3 Qatar Central Bank

2.6 Non-Admitted Insurance Regulations

2.6.1 Overview

2.6.2 Intermediaries

2.6.3 Market practices

2.6.4 Fines and penalties

2.7 Company Registration and Operations

2.7.1 Type of insurance organization

2.7.2 Establishing a local company

2.7.3 Foreign ownership

2.7.4 Types of license

2.7.5 Capital requirements

2.7.6 Solvency margin

2.7.7 Reserve requirements

2.7.8 Investment regulations

2.7.9 Statutory return requirements

2.7.10 Fee structure

2.8 Taxation

2.8.1 Insurance premium or policy taxation

2.8.2 Withholding taxes on premium paid overseas

2.8.3 Corporate tax

2.8.4 VAT

2.8.5 Captives

2.9 Legal System

2.9.1 Introduction

2.9.2 Access to court

2.9.3 Alternative dispute resolution

3 APPENDIX

3.1 Methodology

3.2 Contact Timetric

3.3 About Timetric

3.4 Timetric's Services

3.5 Disclaimer


List Of Figure

Figure 1: Qatar-Insurance Supervision and Control at Various Levels

Figure 2: Qatar-Insurance Regulatory Frameworks for Company Registration and Operation


List Of Table

Table 1: Insurance Industry Definitions

Table 2: Qatar-Insurance Regulatory Framework Key Features

Table 3: Qatar-Life Insurance Regulatory Framework

Table 4: Qatar-Property Insurance Regulatory Framework

Table 5: Qatar-Motor Insurance Regulatory Framework

Table 6: Qatar-Liability Insurance Regulatory Framework

Table 7: Qatar-Corporate Tax Rates for the Financial Year 2017

To know more information on Purchase by Section, please send a mail to support@kenresearch.com

Products

Insurance, Governance, risk and compliance, Regulatory framework, Life insurance, Property insurance, Motor insurance, Liability insurance, Marine, aviation and transit insurance, Personal accident and health insurance, Compulsory insurance, Licensing requirements, Minimum capital requirements, Solvency requirements, Non-admitted insurance, Reserve requirements, Investment regulations, Licensing fee, Authorization fee, Risk-based capital framework, Accounting standards, Returns requirement, Consumer protection, Law, Regulation, Act, Tax, Insurance premium tax, Corporate tax, VAT, Legal system, Court system