Bahrain: Regulator to issue licences for digital insurance services providers
Source: Middle East Insurance Review | Apr 2019
The Central Bank of Bahrain (CBB) is working to launch new licences for intermediate platforms that provide insurance services through insurers via the internet, according to Mr Abdul Rahman Al-Baker, executive director of Financial Institutions Supervision at the CBB.
The new licensing requirement would be part of a regulatory framework for digital financial services in the kingdom, reported the newspaper Al Bilad. The platforms to be licensed include those which provide comparisons of pricing and services among the different insurers.
Mr Al-Baker said insurance customers will benefit from the new regulation. M