Through its extensive knowledge of the regional regulatory environment, BSA LLP has been involved in providing incorporation solutions to and advising on market penetration for many international insurance companies throughout various jurisdictions including Bahrain, Qatar, the Qatar Financial Centre (“QFC”), Oman, Jordan, Beirut, Kuwait and the Kingdom of Saudi Arabia.
The department is uniquely headed by an insurance expert, who has wide-ranging experience and is renowned in the insurance industry. Such human capital provides us with the ability to create innovative solutions tailor made to the insurance industry and our clients’ unique requirements and needs.
Our diversified client portfolio covers both conventional and Islamic insurance where we have the essential ability and resources to advise, develop, structure and document Sharia compliant Takaful and Re-Takaful products.
BSA LLP’s insurance and reinsurance services include, but are not limited to the following:
Regulatory including prudential and corporate governance
Market entry including M&A licensing and penetration strategy
Arbitration and litigation for treaty or facultative arrangement
Motor Claims Litigation Services
New Market Insurance Licensing Services
Life Insurance Litigation and Arbitration Services
Marine Insurance Litigation and Arbitration Services
General Insurance Litigation and Arbitration Services
Legal and Regulatory Advice for Life Insurance
Legal and Regulatory Advice for Life Insurance
Legal and Regulatory Advice for Marine Insurance (including marine and non-marine classes)
Legal and Regulatory Advice for General Insurance.
BSA LLP has the unique advantage of having direct and personal contacts with local regulators throughout the MENA region. We have advised regulators and national governments in the Middle East on legislative developments for the insurance sector and have assisted legislative bodies in drafting insurance laws. Our local network extends to the following regulators:
The Insurance Authority in the UAE
The DFSA in the DIFC: BSA LLP has extensive hands on experience in the DFSA insurance regulations; the DFSA Prudential – Insurance Business Module (PIN); and the DFSA Prudential- Investment, Insurance Intermediation and Banking Business Module (PIB)
The Central Bank of Bahrain
The Qatar Financial Centre Regulatory Authority in the QFC
The Insurance Commission in Jordan
The Saudi Arabian Monetary Authority
The Bermuda Monetary Authority
The Financial Services Authority in the United Kingdom
The Central Bank and Financial Services Authority of Ireland
The National Association of Insurance Commissioners in the United States.
BSA LLP’s clients range from multinational corporations to local companies, all profiting from the firm’s adaptive and innovative legal services. BSA LLP’s client-centered approach ensures the continuous expansion of the firm’s knowledge base and enhances the quality of the legal output generated.
