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General Insurance in Qatar, Key Trends and Opportunities to 2021

Published By :

GlobalData

Published Date : Mar 2018

Category :

Banking

No. of Pages : 104 Pages

General Insurance in Qatar, Key Trends and Opportunities to 2021

Summary

GlobalDatas 'General Insurance in Qatar, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Qatari general insurance segment, and a comparison of the Qatari insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Qatari economy and demographics, explains the various types of natural hazard and their impact on the Qatari insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalDatas research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

This report provides in-depth market analysis, information and insights into the Qatari General insurance segment, including -
- The Qatari general segments detailed outlook by product category
- A comprehensive overview of the Qatari economy and demographics
- A comparison of the Qatari general insurance segment with its regional counterparts
- The various distribution channels in the Qatari general insurance segment
- Detailed analysis of natural hazards and their impact on the Qatari insurance industry
- Details of the competitive landscape in the general insurance segment in Qatar
- Details of regulatory policy applicable to the Qatari insurance industry

Key Highlights

- On January 3, 2018, Qatar Re agreed to purchase the UK-based general insurance company Markerstudy Group Insurance Company
- According to the World Risk Report 2016, Qatar was ranked as the worlds safest country, in terms of exposure to natural disasters
- In June 2017, the UAE, Saudi Arabia and Bahrain cut their ties with Qatar, accusing the country of financing terrorism.

Scope

- This report provides a comprehensive analysis of the General insurance segment in Qatar.
- It provides historical values for the Qatari general insurance segment for the reports 2012-2016 review period, and projected figures for the 2016-2021 forecast period.
- It offers a detailed analysis of the key categories in the Qatari general insurance segment, and market forecasts to 2021.
- It provides a comparison of the Qatari general insurance segment with its regional counterparts
- It analyzes the various distribution channels for general insurance products in Qatar.
- It analyzes various natural hazards and their impact on the Qatari insurance industry
- It profiles the top general insurance companies in Qatar, and outlines the key regulations affecting them.

Reasons to buy

- Make strategic business decisions using in-depth historic and forecast market data related to the Qatari general insurance segment, and each category within it.
- Understand the demand-side dynamics, key market trends and growth opportunities in the Qatari general insurance segment.
- Assess the competitive dynamics in the general insurance segment.
- Identify growth opportunities and market dynamics in key product categories.
- Gain insights into key regulations governing the Qatari insurance industry, and their impact on companies and the industry's future.
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Active policies
4.2.3 Claims
4.2.4 Assets and investments
5 Outlook by Sub-Segment
5.1 Property Insurance
5.1.1 Overview
5.1.2 Premium
5.1.3 Active policies
5.1.4 Claims
5.2 Motor Insurance
5.2.1 Overview
5.2.2 Premium
5.2.3 Active policies
5.2.4 Claims
5.3 Marine, Aviation and Transit Insurance
5.3.1 Overview
5.3.2 Premium
5.3.3 Active policies
5.3.4 Claims
6 Distribution Channel Outlook
7 Natural and Man-Made Hazards
8 Competitive Landscape
8.1 Company Profiles
8.1.1 Qatar Insurance Company - company overview
8.1.2 Qatar General Insurance and Reinsurance Company SAQ - company overview
8.1.3 Qatar Islamic Insurance Company - company overview
8.1.4 Doha Insurance Company QSC - company overview
8.1.5 Al Khaleej Takaful Group- company overview
9 Governance, Risk and Compliance
9.1 Legislation Overview and Historical Evolution
9.2 Latest Changes in Regulation
9.3 Legislation and Market Practice by Type of Insurance
9.3.1 Life insurance
9.3.2 Property insurance
9.3.3 Motor insurance
9.3.4 Liability insurance
9.3.5 Marine, aviation and transit insurance
9.3.6 Personal accident and health insurance
9.4 Compulsory Insurance
9.4.1 Motor third-party liability insurance
9.4.2 Health insurance
9.4.3 Professional indemnity insurance for insurance intermediaries
9.4.4 Liability for ships with respect to oil pollution
9.4.5 Air carriers and aircraft operators insurance
9.5 Supervision and Control
9.5.1 International Association of Insurance Supervisors
9.5.2 Qatar Financial Centre Regulatory Authority
9.5.3 Qatar Central Bank
9.6 Non-Admitted Insurance Regulations
9.6.1 Overview
9.6.2 Intermediaries
9.6.3 Market practices
9.6.4 Fines and penalties
9.7 Company Registration and Operations
9.7.1 Type of insurance organization
9.7.2 Establishing a local company
9.7.3 Foreign ownership
9.7.4 Types of license
9.7.5 Capital requirements
9.7.6 Solvency margin
9.7.7 Reserve requirements
9.7.8 Investment regulations
9.7.9 Statutory return requirements
9.7.10 Fee structure
9.8 Taxation
9.8.1 Insurance premium or policy taxation
9.8.2 Withholding taxes on premium paid overseas
9.8.3 Corporate tax
9.8.4 VAT
9.8.5 Captives
9.9 Legal System
9.9.1 Introduction
9.9.2 Access to court
9.9.3 Alternative dispute resolution
10 Databook
10.1 Policies and Premium
10.2 Claims and Expenses
10.3 Assets and Investments
10.4 Retail General Insurance by Product
10.5 Commercial General Insurance by Product
10.6 Property Insurance
10.7 Motor Insurance
10.8 Marine, Aviation and Transit Insurance
10.9 Miscellaneous Insurance
11 Definitions and Methodology
11.1 Definitions
11.2 Methodology
12 About GlobalData
12.1 Contact GlobalData
12.2 About GlobalData
12.3 GlobalDatas Services
12.4 Disclaimer

List of Tables
Table 1: Qatari General Insurance - Key Facts, 2016
Table 2: Qatari General Insurance - List of Leading General Insurers
Table 3: Qatari Government Credit Ratings
Table 4: Qatari General Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2012-2016
Table 5: Qatari General Insurance - Gross Written Premium by Consumer Segment (QAR Billion), 2012-2016
Table 6: Qatari General Insurance - Penetration (%), 2012-2016
Table 7: Qatari General Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2016-2021
Table 8: Qatari General Insurance - Gross Written Premium by Consumer Segment (QAR Billion), 2016-2021
Table 9: Qatari General Insurance - Penetration (%), 2016-2021
Table 10: Qatari General Insurance - Premium per Capita (QAR and US$), 2012-2016
Table 11: Qatari General Insurance - Premium per Capita (QAR and US$), 2016-2021
Table 12: Qatari General Insurance - Number of Active Policies (Thousand), 2012-2016
Table 13: Qatari General Insurance - Number of Active Policies (Thousand), 2016-2021
Table 14: Qatari General Insurance - Paid Claims (QAR Billion and US$ Billion), 2012-2016
Table 15: Qatari General Insurance - Paid Claims (QAR Billion and US$ Billion), 2016-2021
Table 16: Qatari General Insurance - Total Assets (QAR Billion and US$ Billion), 2012-2016
Table 17: Qatari General Insurance - Total Assets (QAR Billion and US$ Billion), 2016-2021
Table 18: Qatari General Insurance - Gross Written Premium by Sub-Segment (QAR Billion), 2012-2016
Table 19: Qatari General Insurance - Gross Written Premium by Sub-Segment (QAR Billion), 2016-2021
Table 20: Qatari Property Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2012-2016
Table 21: Qatari Property Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2016-2021
Table 22: Qatari Property Insurance - Number of Active Policies (Thousand), 2012-2016
Table 23: Qatari Property Insurance - Number of Active Policies (Thousand), 2016-2021
Table 24: Qatari Property Insurance - Paid Claims (QAR Million and US$ Million), 2012-2016
Table 25: Qatari Property Insurance - Paid Claims (QAR Million and US$ Million), 2016-2021
Table 26: Qatari Motor Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2012-2016
Table 27: Qatari Motor Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2016-2021
Table 28: Qatari Motor Insurance - Number of Active Policies (Thousand), 2012-2016
Table 29: Qatari Motor Insurance - Number of Active Policies (Thousand), 2016-2021
Table 30: Qatari Motor Insurance - Paid Claims (QAR Billion and US$ Billion), 2012-2016
Table 31: Qatari Motor Insurance - Paid Claims (QAR Billion and US$ Billion), 2016-2021
Table 32: Qatari Transport Network - Global Rankings
Table 33: Qatari Marine, Aviation and Transit Insurance - Gross Written Premium (QAR Billion and US$ Million), 2012-2016
Table 34: Qatari Marine, Aviation and Transit Insurance - Gross Written Premium (QAR Billion and US$ Million), 2016-2021
Table 35: Qatari Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2012-2016
Table 36: Qatari Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2016-2021
Table 37: Qatari Marine, Aviation and Transit Insurance - Paid Claims (QAR Million and US$ Million), 2012-2016
Table 38: Qatari Marine, Aviation and Transit Insurance - Paid Claims (QAR Billion and US$ Billion), 2016-2021
Table 39: Qatari General Insurance - List of Leading General Insurers
Table 40: Qatar Insurance Company - Key Facts
Table 41: Qatar General Insurance and Reinsurance Company SAQ - Key Facts
Table 42: Qatar Islamic Insurance Company - Key Facts
Table 43: Doha Insurance Company QSC - Key Facts
Table 44: Al Khaleej Takaful Group - Key Facts
Table 45: Qatar - Insurance Regulatory Framework Key Features
Table 46: Qatar - Life Insurance Regulatory Framework
Table 47: Qatar - Property Insurance Regulatory Framework
Table 48: Qatar - Motor Insurance Regulatory Framework
Table 49: Qatar - Liability Insurance Regulatory Framework
Table 50: Qatar - Corporate Tax Rates for the Financial Year 2017
Table 51: Qatari General Insurance - Policies and Premium, 2012-2016
Table 52: Qatari General Insurance - Policies and Premium, 2016-2021
Table 53: Qatari General Insurance - Claims and Expenses, 2012-2016
Table 54: Qatari General Insurance - Claims and Expenses, 2016-2021
Table 55: Qatari General Insurance - Assets and Investments, 2012-2016
Table 56: Qatari General Insurance - Assets and Investments, 2016-2021
Table 57: Qatari Retail General Insurance by Product, 2012-2016
Table 58: Qatari Retail General Insurance by Product, 2016-2021
Table 59: Qatari Commercial General Insurance by Product, 2012-2016
Table 60: Qatari Commercial General Insurance by Product, 2016-2021
Table 61: Qatari General Insurance - Property Insurance, 2012-2016
Table 62: Qatari General Insurance - Property Insurance, 2016-2021
Table 63: Qatari General Insurance - Motor Insurance, 2012-2016
Table 64: Qatari General Insurance - Motor Insurance, 2016-2021
Table 65: Qatari General Insurance - Marine, Aviation and Transit Insurance, 2012-2016
Table 66: Qatari General Insurance - Marine, Aviation and Transit Insurance, 2016-2021
Table 65: Qatari General Insurance - Miscellaneous Insurance, 2012-2016
Table 66: Qatari General Insurance - Miscellaneous Insurance, 2016-2021
Table 67: Insurance Industry Definitions

List of Figures
Figure 1: Qatari Real GDP (QAR Billion), 2012-2021
Figure 2: Qatari QAR-US$ Exchange Rate, 2012-2021
Figure 3: Qatari Inflation Rate, 2012-2021
Figure 4: Qatari Current Account Balance (% of GDP), 2012-2021
Figure 5: Qatari Unemployment Rate, 2012-2021
Figure 6: Qatari Population by Age Group, 1991-2025
Figure 7: Qatari General Insurance Penetration - Regional Comparison (%), 2016
Figure 8: Qatari General Insurance - Gross Written Premium (QAR Billion), 2012-2021
Figure 9: Qatari General Insurance - Penetration (%), 2012-2021
Figure 10: Qatari General Insurance - Gross Written Premium by Consumer Segment (QAR Billion), 2012-2021
Figure 11: Qatari General Insurance - Premium per Capita (QAR), 2012-2021
Figure 12: Qatari General Insurance - Number of Active Policies (Thousand), 2012-2021
Figure 13: Qatari General Insurance - Paid Claims (QAR Billion), 2012-2021
Figure 14: Qatari General Insurance - Total Assets (QAR Billion), 2012-2021
Figure 15: Qatari General Insurance - Gross Written Premium by Sub-Segment (QAR Billion), 2012-2021
Figure 16: Qatari General Insurance - Gross Written Premium Dynamics by Sub-Segment, 2012-2021
Figure 17: Qatari Property Insurance - Construction Value Output by Category (QAR Billion), 2012-2021
Figure 18: Qatari Property Insurance - Gross Written Premium (QAR Billion), 2012-2021
Figure 19: Qatari Property Insurance - Number of Active Policies (Thousand), 2012-2021
Figure 20: Qatari Property Insurance - Paid Claims (QAR Million), 2012-2021
Figure 21: Qatari Motor Insurance - Injuries and Deaths from Road Accidents, 2012-2016
Figure 22: Qatari Motor Insurance - Gross Written Premium (QAR Billion), 2012-2021
Figure 23: Qatari Motor Insurance - Number of Active Policies (Thousand), 2012-2021
Figure 24: Qatari Motor Insurance - Paid Claims (QAR Billion), 2012-2021
Figure 25: Total Export and Import in Qatar (QAR Billion), 2012-2016
Figure 26: Qatari Marine, Aviation and Transit Insurance - Gross Written Premium (QAR Billion), 2012-2021
Figure 27: Qatari Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2012-2021
Figure 28: Qatari Marine, Aviation and Transit Insurance - Paid Claims (QAR Billion), 2012-2021
Figure 29: Qatar - Insurance Supervision and Control at Various Levels
Figure 30: Qatar - Insurance Regulatory Frameworks for Company Registration and Operation

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