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The Insurance Industry in Qatar to 2017: Market Trends and Forecast Report
 

The Insurance Industry in Qatar to 2017: Market Trends and Forecast Report

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The Insurance Industry in Qatar to 2017 @ http://www.researchmoz.us/construction-in-saudi-arabia-key-trends-and-opportunities-to-2017-report.html

The Qatari insurance industry grew at a CAGR of 1.0% during the review period (2008–2012), due to weak demand for personal accident and health insurance and the emergence of takaful insurance. However, the industry is expected to register faster growth at a CAGR of 6.7% over the forecast period (2012–2017).

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    The Insurance Industry in Qatar to 2017: Market Trends and Forecast Report The Insurance Industry in Qatar to 2017: Market Trends and Forecast Report Document Transcript

    • The Insurance Industry in Qatar, Key Trends and Opportunities to 2017 Synopsis The report provides in-depth industry analysis, information and insights into the insurance industry in Qatar, including: The Qatari insurance industry’s growth prospects by insurance segments and categories The competitive landscape in the Qatari insurance industry The current trends and drivers of the Qatari insurance industry Challenges facing the Qatari insurance industry The detailed regulatory framework of the Qatari insurance industry A benchmarking section on the Qatari insurance industry in comparison to other countries in the Middle East region Executive summary The Qatari insurance industry grew at a CAGR of 1.0% during the review period (2008–2012), due to weak demand for personal accident and health insurance and the emergence of takaful insurance. However, the industry is expected to register faster growth at a CAGR of 6.7% over the forecast period (2012–2017). Growth will be driven by projected infrastructure spending ahead of the 2022 FIFA World Cup and investment in non-oil sectors. Growth in the industry can be attributed to factors like the rise in the expatriate population, regulatory changes and the country’s economic strength. The size of the Qatari insurance industry is comparatively smaller than other countries in the Gulf region; the industry’s penetration stood at 0.4% in 2012, significantly lower than the global average of 6.7%. This provides an opportunity for existing and new entrants to scale-up their businesses in the uninsured Qatari insurance industry. Scope This report provides a comprehensive analysis of the insurance industry in Qatar: It provides historical values for the Qatari insurance industry for the report’s 2008–2012 review period and projected figures for the 2012–2017 forecast period. It offers a detailed analysis of the key segments and categories in the Qatari insurance industry, along with forecasts until 2017. It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions. It profiles the top insurance companies in Qatar, and outlines the key regulations affecting them. Reasons to buy Make strategic business decisions using in-depth historic and forecast industry data related to the Qatari insurance industry and each segment within it. Understand the demand-side dynamics, key trends and growth opportunities within the Qatari insurance industry. Assess the competitive dynamics in the Qatari insurance industry. Identify the growth opportunities and market dynamics within key segments. Gain insights into key regulations governing the Qatari insurance industry and its impact on companies and the industry's future. Key highlights The Qatari insurance industry grew at a CAGR of 1.0% during the review period, due to weak demand for personal accident and health insurance and the emergence of takaful insurance The size of the Qatari insurance industry is comparatively smaller than other countries in the Gulf region Third-party motor insurance, engineers’ professional liability insurance and health insurance are compulsory in Qatar By the end of 2014, the entire population is expected to be covered under health insurance, providing the health insurance category with strong growth avenues, which will be ignited by lifestyle changes Construction activities are expected to increase in the country over the forecast period, as Qatar prepares to host the FIFA World Cup in 2022 There are six leading insurance providers in Qatar; Qatar Insurance Company is the market leader with 43.5% market share, followed by Qatar General Insurance and Reinsurance (QGIRCO) with 18.7% table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 The Middle East Region Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 3.2 Non-life Insurance – Regional Benchmarking 3.2.1 Scale And Penetration 3.2.2 Growth 3.2.3 Efficiency And Risk 3.3 Personal Accident And Health Insurance – Regional Benchmarking 3.3.1 Scale And Penetration 3.3.2 Growth 3.3.3 Efficiency And Risk 4 Qatari Insurance Industry Overview 4.1 Qatari Insurance Industry 4.2 Key Industry Trends And Drivers 4.3 Challenges The Insurance Industry in Qatar, Key Trends and Opportunities to 2017
    • 5 Non-life Insurance 5.1 Non-life Insurance Growth Prospects By Category 5.1.1 Property Insurance 5.1.2 Fire And Allied Perils Insurance 5.1.3 Engineering Insurance 5.1.4 Other Property Insurance 5.2 Motor Insurance 5.2.1 Motor Hull Insurance 5.2.2 Motor Third-party Insurance 5.3 General Third-party Insurance 5.4 Marine, Aviation And Transit Insurance 5.4.1 Marine Insurance 5.4.2 Transit Insurance 6 Personal Accident And Health Insurance 6.1 Personal Accident And Health Insurance Growth Prospects By Category 7 Reinsurance 7.1 Reinsurance Segment Size By Type Of Insurance, 2008–2017 8 Analysis By Distribution Channel 8.1 Non-life Insurance 8.1.1 Direct Marketing 8.1.2 Bancassurance 8.1.3 Agencies 8.1.4 Brokers 8.2 Personal Accident And Health Insurance 8.2.1 Direct Marketing 8.2.2 Bancassurance 8.2.3 Agencies 8.2.4 Brokers 9 Governance, Risk And Compliance 9.1 Legislation Overview And Historical Evolution 9.2 Legislation And Market Practice By Type Of Insurance 9.2.1 Life Insurance 9.2.2 Property Insurance 9.2.3 Motor Insurance 9.2.4 Marine, Aviation And Transit Insurance 9.2.5 Personal Accident And Health Insurance 9.3 Compulsory Insurance 9.3.1 Motor Third-party Liability Insurance 9.3.2 Health Insurance 9.4 Supervision And Control 9.4.1 International Association Of Insurance Supervisors 9.4.2 Qatar Financial Centre Regulatory Authority 9.4.3 Qatar Central Bank 9.5 Non-admitted Insurance Regulations 9.5.1 Overview 9.5.2 Intermediaries 9.5.3 Market Practices 9.5.4 Fines And Penalties 9.6 Company Registration And Operations 9.6.1 Types Of Insurance Organization 9.6.2 Establishing A Local Company 9.6.3 Foreign Ownership 9.6.4 Types Of License 9.6.5 Capital Requirements 9.6.6 Solvency Margins 9.6.7 Reserve Requirements 9.6.8 Investment Regulations 9.6.9 Statutory Return Requirements 9.6.10 Fee Structure 9.7 Taxation The Insurance Industry in Qatar, Key Trends and Opportunities to 2017
    • 9.7.1 Insurance Premium Or Policy Taxation 9.7.2 Withholding Taxes On Premium Paid Overseas 9.7.3 Corporate Tax 9.7.4 Vat 9.7.5 Captives 9.8 Legal System 9.8.1 Introduction 9.8.2 Access To Court 9.8.3 Alternative Dispute Resolution (adr) 10 Competitive Landscape 10.1 Overview 10.2 Leading Companies 10.2.1 Qatar Insurance Company – Company Overview 10.2.2 Qatar General Insurance And Reinsurance Company – Company Overview 10.2.3 Doha Insurance Company – Company Overview 10.2.4 Al Khaleej Insurance & Reinsurance Company Qsc – Company Overview 10.2.5 Qatar Islamic Insurance Company – Company Overview 10.2.6 Arabia Insurance Company – Company Overview 11 Economic Indicators 11.1 Gdp At Constant Prices (us$) 11.2 Gdp Per Capita At Constant Prices (us$) 11.3 Gdp At Current Prices (us$) 11.4 Market Capitalization Trend – Doha Securities Market 11.5 Inflation Rate 11.6 Exports As A Percentage Of Gdp 11.7 Imports As A Percentage Of Gdp 11.8 Total Population 11.9 Size Of Labor Force (million) 11.1 Gross National Disposable Income 12 Appendix 12.1 Methodology 12.2 Contact Timetric 12.3 About Timetric 12.4 Timetric’s Services 12.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ The Insurance Industry in Qatar, Key Trends and Opportunities to 2017