Regulators in Qatar said they have set new rules for the conduct of insurance business in that nation.
The Qatar Financial Centre Regulatory Authority Chairman and Chief Executive Officer Phillip Thorpe announced: “In developing a truly effective regulatory regime which benefits the whole of Qatar, we have sought to introduce rules and principles that will enhance the business environment for insurance companies and deliver measurable benefits for policyholders and investors.”
Mr. Thorpe said he is confident that the introduction of the new rules “represents another key step toward producing a world-class regulatory environment. These rules will continue the process of enhancing Qatar's international standing as a leading financial marketplace.”
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