Qatar consults on new insurance rules

The QFC Regulatory Authority says the proposed amendments to the current Insurance Business Rules are aimed at enhancing compliance with the insurance core principles published by the International Association of Insurance Supervisors.  Key areas for amendments being proposed include capital adequacy, enterprise risk management, valuation, and investments. Insurance groups is another category with proposals to expand the supervisory powers for the QFC Regulatory Authority as they relate to information from insurers who are members of a group. The Consultation Paper 2013/01 along wit...