Qatar Chamber committee reviews 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.Qatar Chamber chairman Sheikh Khalifa bin Jassim al-Thani, who is also chairperson of the committee, presided over the meeting in the presence of Abdulla bin Ahmed al-Malki, vice-chairman of the committee, as well as members and representatives of insurance companies.The meeting covered essential topics concerning the development of the state's insurance industry. The committee's members put forward these topics and proposals to strengthen the sector.During the meeting, two technical teams were established. The first specialises in legal and services, while the second team will focus on 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.The committee 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 organises seminars, conferences, and workshops aimed at promoting various aspects of the insurance industry within the country.It also actively participates in local and international meetings, seminars, and conferences, and plays a role in conducting studies on the labour market within this sector, collecting, monitoring, and analysing the various phenomena and variables that arise in the insurance sector.