Qatar Chamber Discusses Ways to Develop Insurance Sector

The Qatar Chamber’s Insurance Committee recently held a meeting to discuss strategies for developing the state’s insurance sector.

Chaired by QC Chairman and Chairperson of the Committee, HE Sheikh Khalifa bin Jassim Al-Thani, the meeting included members and representatives of insurance companies.

Vice Chairman of the Committee, Abdulla bin Ahmed Al Malki was also present in the meeting.

The meeting covered essential topics concerning the development of the state’s insurance industry. These topics and proposals were put forward by the Committee’s members to strengthen the sector.

During the meeting, two technical teams were established: one specializing in legal and services, and another specializing in the financial and IT fields. These teams consist of representatives from Qatari companies. Their role is to review the topics discussed, provide recommendations for approval by the Committee, and subsequently submit them to the relevant authorities for necessary action.

It’s worth noting that the Insurance Committee has various responsibilities, which include overseeing the implementation of the country’s strategic plans in the private insurance sector. The committee also reviews, monitors, and works to enact laws and legislation that contribute to the development of the insurance sector, offering relevant recommendations.

It also collaborates with the Chamber’s directorates to furnish private sector members with information and data about the insurance sector. The committee assesses and investigates obstacles and challenges within the insurance sector to identify suitable solutions. Additionally, it organizes seminars, conferences, and workshops aimed at promoting various aspects of the insurance industry within the country.

The committee also actively participates in local and international meetings, seminars, and conferences. It plays a role in conducting studies on the labor market within this sector, collecting, monitoring, and analyzing the various phenomena and variables that arise in the insurance sector.

Source: Qatar News Agency

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