Bahrain Business: New CBB directives for insurance firms – Gulf Digital News

Bahrain Business: New CBB directives for insurance firms – Gulf Digital News

MANAMA: Central Bank of Bahrain (CBB) has issued new directives to insurance companies requiring the establishment of an internal actuarial unit within their organisation structure. In addition, all insurance firms must appoint in-house Bahraini competencies in preparation for qualifying them to become qualified actuaries licensed by recognised international actuarial institutes to carry out actuarial work and prepare the relevant regulatory reports according to the requirements of the CBB in this regard .