1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Qatar Insurance Report Q2 2016

Qatar Insurance Report Q2 2016

  • March 2016
  • -
  • Business Monitor International
  • -
  • 43 pages

Includes 3 FREE quarterly updates

BMI View: Qatar's insurance market, though relatively small, is expected to grow steadily throughout ourforecast period from 2016 to 2020, driven by demand for several key non-life lines including propertyinsurance. While life insurance remains in the very early stages of development, the non-life market isrelatively mature with a broad range of products available via well established domestic and regionalproviders. The role for multinational insurers is limited at present, though regulatory changes expected in2016 could attract more foreign investment to the market.Latest Updates and Developments:- Qatar's leading domestic insurance provider, Qatar Insurance Company (QIC), reported substantialgrowth in 2015 with premiums rising by almost 50%. In order to maintain growth and comply withregulatory requirements, in early 2016 QIC approved a USD162mn capital increase, raising shareholders'equity to USD2.1bn.- We expect to see solid growth in Qatar's insurance sector in 2016, with premiums forecast to grow by5.5% to reach QAR8.2bn (USD2.3bn). Somewhat slower growth is expected over the remainder of theforecast period, with gross premiums written expected to reach QAR9.2bn (USD2.5bn) in 2020.- Qatar is in the process of updating its regulatory environment. The Qatar Central Bank (QCB) is settingout a framework for updating the licensing and conduct regulations for insurers which will expand theallowed role for foreign insurers in a range of non-life sub-sectors and could attract more insurers toobtain a licence from the QCB instead of the Qatar Financial Centre Regulatory Authority (QFCRA).

Table Of Contents

Qatar Insurance Report Q2 2016
BMI Industry View 5
Table: Total Gross Written Premiums (Qatar 2013-2020) 5
Insurance 6
Industry Forecast 8
Total Premiums Forecast 8
Table: Total Gross Premiums Written (Qatar 2013-2020) 11
Table: Total Claims (Qatar 2009-2013) 13
Non-Life Sub-Sector Forecast 13
Table: Non-Life Insurance Premiums by Product Line (Qatar 2013-2020) 19
Insurance Risk/Reward Ratings 20
MENA Insurance Risk/Reward Index 20
Table: MENA Insurance Risk/Reward Index - Q216 21
Market Overview 22
Life Market Overview 22
The Product Offering 22
The Competitive Landscape 22
Non-Life Market Overview 23
The Product Offering 23
The Competitive Landscape 23
Company Profile 25
Al Khaleej Takaful 25
Doha Insurance Co 27
Qatar General Insurance and Reinsurance Co 29
Qatar Insurance Co 32
Qatar Islamic Insurance Co 35
Methodology 37
Industry Forecast Methodology 37
Risk/Reward Index Methodology 40
Table: Indicators 42
Table: Weighting of Indicators 43

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

Purchase Reports From Reputable Market Research Publishers
Commercial Non-Life Insurance Brokers in Europe

Commercial Non-Life Insurance Brokers in Europe

  • $ 10000
  • Industry report
  • August 2016
  • by Finaccord

Finaccord’s report titled Commercial Non-Life Insurance Brokers in Europe, plus the BrokerBASE™ and market data annexe that accompany it, investigate the importance of brokers in the distribution of ...

Fraud Detection and Prevention Market by Solution, Application Areas, Service, End-User, Vertical - Global Forecast to 2021

Fraud Detection and Prevention Market by Solution, Application Areas, Service, End-User, Vertical - Global Forecast to 2021

  • $ 7150
  • Industry report
  • September 2016
  • by MarketsandMarkets

“Rapid increase in mobile banking will drive the FDP market” The Fraud Detection and Prevention (FDP) market size is estimated to grow from USD 14.36 billion in 2016 to USD 33.19 billion by 2021, at ...

Travel Insurance and Assistance in the Asia-Pacific Region

Travel Insurance and Assistance in the Asia-Pacific Region

  • $ 5996
  • Industry report
  • July 2016
  • by Finaccord

Travel Insurance and Assistance in the Asia-Pacific Region investigates the market for stand-alone travel insurance and assistance in ten countries, namely, China, Hong Kong, India, Indonesia, Japan, Malaysia, ...


Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.