Participants during the 17th Annual GCC Social Insurance Seminar.
DOHA: The State of Qatar’s General Retirement and Social Insurance Authority (GRSIA) participated in the 17th annual seminar for civil retirement and social insurance authorities of the Gulf Cooperation Council (GCC), hosted by the Public Institution for Social Security in Kuwait over two days, to discuss key issues and challenges facing retirement and social insurance systems.
The seminar is part of joint Gulf efforts to enhance coordination and integration between retirement institutions in the region, exchange expertise, and share best practices in financial sustainability and pension fund management, contributing to the development of insurance systems and ensuring the rights of contributors and retirees.
During the seminar, GRSIA’s delegation presented the latest insurance legislations, digitization plans, and benefits introduced to the social insurance system.
The delegation stressed the importance of this exchange of experiences among Gulf pension authorities and enhancing joint Gulf cooperation in the field, benefiting from regional success stories, including Kuwaits experience in developing insurance policies and managing pension funds, with the aim of enhancing the system’s sustainability and improving its services.
The seminar also saw the exchange of views on the best solutions to face future challenges and ensure the development of pension policies that achieve financial and social security for retirees and contributors. Some of the key axes discussed included legislative transformations in GCC retirement systems, financial sustainability, challenges facing pension funds, social security system digitalization and its role in service improvement, in addition to strengthening joint GCC in the field.
