Palestine: Regulator sets new rules for senior insurance appointments
Source: Middle East Insurance Review | Feb 2026
The Palestine Capital Market Authority (PCMA) has issued a resolution, setting out the requirements for the appointment of senior executive management and key employees in insurance companies.
The resolution stipulates the criteria for appointing senior executive management, including the CEO, general manager, their deputies and assistants, as well as other key employees. It specifies the academic and professional qualifications required of candidates, in line with the responsibilities associated with these roles.
The resolution states that prior written approval from the Authority is required before appointing or promoting any individual to a senior executive or key position, subject to compliance with the stipulated requirements.
The resolution took effect on 27 November 2025, following its publication in the Official Gazette.
Executives and key employees who occupied the senior positions prior to the resolution’s entry into force are deemed to have received approval for their roles. M