Doha, Qatar: Sheikh Khalifa bin Jassim Al Thani, Chairman of Qatar Chamber and the Insurance Committee, presided over the committee’s first meeting of the year on March 24, 2025. Attending the session were Abdullah bin Ahmed Al Malki Al Johani, Vice Chairman of the Committee, and other committee members representing various insurance companies.
The agenda for the meeting highlighted a commitment to enhancing cooperation among local insurance companies. One of the key topics discussed was how these firms could better serve the national market, especially in light of competition from Qatar Financial Centre-licensed companies.
During the meeting, committee members also reviewed participation in determining pricing mechanisms for compulsory health insurance. This is a significant aspect of the industry, as it affects both providers and consumers in a rapidly changing market.
Beyond health insurance, the committee revisited the commissions paid on compulsory car insurance. With the increasing importance of transparency and fairness in pricing, these commissions are a crucial topic that warrants ongoing attention and review.
The committee decided to arrange visits to relevant entities for further discussions on these pressing topics. This move aims to solidify relationships and enhance mutual understanding among stakeholders.
Furthermore, the committee agreed to refer various issues to a technical team specializing in automotive and compensation matters. This team will be responsible for generating technical proposals that will be presented for the committee’s review in upcoming meetings.
Chairman Sheikh Khalifa emphasized the importance of collaboration in addressing challenges faced by the insurance sector in Qatar. The Insurance Committee's dynamic approach seeks to strengthen local businesses and maintain competitiveness in the market.
By focusing on essential areas such as cooperation, pricing mechanisms, and commissions, the committee aims to create a more robust framework for all stakeholders involved in the national insurance landscape.
As this meeting sets the tone for the year ahead, the hopes are high that through united efforts, the Qatari insurance market can evolve and meet the demands of its clientele effectively.
The collective understanding reached in this meeting marks a pivotal step towards ensuring that Qatar’s insurance sector not only remains competitive but continues to grow in a sustainable and consumer-friendly manner.
