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Mubasher: The Central Bank of Bahrain (CBB) released final guidelines for insurance brokers on Wednesday via electronic platforms.
Abdulrahman Al Baker, Executive Director, Supervision of Financial Institutions, said, "The introduction of special guidelines for insurance brokers through electronic platforms is the first step for CBB to develop insurance technology. "Insure – Tech", A technological change in the global insurance industry".
The Central Bank of Bahrain (CBB) is one of the few central banks to issue guidelines on insurance brokers via electronic platforms; "FINTECH" In the Middle East and North Africa.
The eBanking Broker is a broker licensed by CBB who operates the brokerage platform for multiple insurance policies via a website or as an application on a smartphone or mobile device. ( "App") This makes it possible to compare the rates of insurance policies to a number of companies and facilitates the selection of purchases for these policies..
With the introduction of this type of activity, the customer can obtain various insurance offers from a number of licensed insurance companies in Bahrain on an electronic platform or via a mobile application instead of obtaining quotes individually and purchase an insurance policy from a single online company..
appointments:
Quarterly Islamic profit of Bahrain down 18%
Bahraini terminals up 4% in the second quarter
Bahrain Stock Exchange falls on bank stocks and investment
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