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Key Benefits | Executive Summary | Report Coverage | Contents | Competitive Landscape Information Sources | Full Range of Reports The Qatar Insurance Report -
- Independent 5-year insurance industry forecast for Qatar.
- Original insurance market research and insurance sector trend analysis for Qatar’s insurance industry.
- Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Qatar.
The Qatar Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Qatar through end-2012; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Qatar; and analysis of the latest insurance industry developments, trends and regulatory changes in Qatar. Business Monitor International's Qatar Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Qatari insurance industry. |
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Key Benefits of the Qatar Insurance Report [TOP] -
- Benchmark BMI’s Independent 5-Year Insurance Industry Forecast on Qatar
to test other views - a key input for successful budgeting and planning in this strategic insurance market. - Target Business Opportunities & Risks in Qatar's Insurance Sector
through our reviews of latest insurance industry trends, regulatory changes, and major deals, projects and investments in Qatar. - Exploit The Latest Competitive Insurance Intelligence & Company SWOTS
on your competitors and peers in Qatar through our insurance company rankings by assets, premiums, income, market share, investments and leading products and services. View a list of BMI's ranked insurance companies for Middle East & Africa. |
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BMI's Coverage of the Qatar Insurance Industry [TOP] Qatar Insurance Sector At A Glance Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$. Evolution of the Qatari Insurance Market Analysis of recent developments in the local insurance market, including data on life and non-life premium values, density and penetration, dating from 1998. BMI 5-Year Industry Forecasts for Qatar Analysis of market growth drivers, including 5-year projections (to end-2011) for premium values. Forecasts section also includes BMI risk ratings on local economy, politics and business environment. Industry indicators covered include: Number of life and non-life insurance companies; total and per capita Property/Casualty premiums and claims; total and per capita Life/Health premiums and claims; total premium income; total claims/expenses; total operating expenses; total assets and investments; industry density (per capita premiums) and penetration (premiums as a portion of GDP) BMI 5-Year Macroeconomic Forecast for Qatar BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt. Insurance Company Rankings in Qatar Comparative company analyses and rankings by premium income (life and non-life). View a list of BMI's ranked insurance companies for Middle East & Africa Insurance Industry Competitive Landscape in Middle East & Africa A cross-border overview of key players and their market share across the region. Tables and graphs show country presence of multinationals throughout the region. |
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BMI's Executive Summary
[TOP]
The last two years have seen a spectacular boom in Qatar’s insurance sector, with gross premiums rising
by 50-60% annually. This has not, however, produced a bonanza for the shareholders in the five listed
Qatari insurance companies that dominate the industry. This is partly because claims and expenses have
also been surging. It is also because Qatari insurers have had to pass on a lot of risks to reinsurers. In
other words, it appears that – although they are well run, well regulated and, by Middle Eastern standards,
transparent – the Qatari insurers do not have the capital to bear all the risks of clients who want
fire/general insurance.
This is only a part of the challenge faced by a sector that should continue to grow reasonably strongly
through our 2007-2012 forecast period. Other challenges are increasing competition from foreign groups
who, like AIG, are attracted to the Qatar Financial Centre (QFC) and, indeed, increasing competition
faced by the QFC from its peers in other nearby countries (such as Bahrain’s Financial Harbour and the
Dubai International Finance Centre).
Another challenge is that the excitement surrounding Islamic insurance is enormous relative to the
premiums actually being written. Qatar’s experience to date is similar to that of almost all other Islamic
countries in that Islamic insurance (Takaful) accounts for only a tiny percentage of total premiums.
Specialist Takaful operators have been enjoying high growth rates and should continue to do so. In
absolute terms, though, opportunities (both present and future) from conventional insurance will be much
greater.
Five years hence it is probable that the Qatari insurers will be earning considerably more from their
foreign operations than they are today. It is possible that they will be writing more business outside Qatar
than they are at home.
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Contents of the Qatar Insurance Report
[TOP]
Chapter 1 - The Sector At A Glance
Table: Qatar Insurance Sector Overview (In Millions Of Currency Specified)
Key features Of This Report And Likely Future Changes
Chapter 2 - Latest News
Recent Developments
Chapter 3 - Evolution Of The Insurance Sector
Table: Evolution Of Qatars Insurance Sector (In Millions Of Currency Specifed)
Evolution
Chapter 4 - Projections And Forecasts
Table: BMI Projections For Qatars Insurance Sector (In Millions Of Currency Specified)
Projections And Drivers Of Growth
Chapter 5 - Macroeconomic Outlook
Table: Qatar Economic Activity
Chapter 6 - Country Update
Political Risk Glacial Movement Towards Democracy
Economic Risk Oil Boom Continues
Business Environment Not Yet An FDI Paradise
Chapter 7 - Analysis Of Competitive Conditions
Table: Middle East And Africa Non-Life Segment Rankings of Markets
Table: Middle East And Africa Presence Of Cross-Border Insurers Non-Life Segment
Table: Middle East And Africa Selected Local Non-Life Insurers
Country Overview Qatar Life Segment
Table: Middle East And Africa Life Segment Rankings Of Markets
Table: Middle East And Africa Presence Of Cross-Border Insurers Life Segment
Table: Middle East And Africa Selected Local Life Insurers
Chapter 8 - Regional Context
Table: Middle East And Africa: Regional Context 2004 Premiums
Table: Middle East And Africa Regional Context Total Premiums 2004
Chapter 9 - Methodology And Objectives
Introduction
Background
Forecasts
Chapter 10 - Appendix
Table: Latest Estimates / Actual Figures For 2005
Table: Latest Estimates For 2010
Table: Latest Estimates For 2005-2010 (Growth In US Dollar Terms)
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Competitive Landscape for The Middle East and Africa Insurance Reports: Sample of Companies Ranked
[TOP]
A cross-border overview of key players and their insurance
market share across the Middle East and Africa. Tables and graphs show country presence of
multinationals across the region. Comparative company analyses and rankings by
premium income (life and non-life). Company SWOTS for leading life and non-life
insurers, covering network of offices, presence of foreign
stakeholders, strategic relationships, joint ventures; portfolio of clients;
diversity of product range; profit growth, investment strategy and risk exposure.
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[TOP]
BMI's Middle Eastern and African Insurance Reports are based on an extensive
network of multilateral organisations, government departments, insurance
industry associations, chambers of commerce and company reports. Information
sources include:
* Bahrain Monetary Agency
* Central Bank of Iraq
* Central Bank of Kuwait
* Central Bank of Oman
* Central Bank of the Islamic Republic of Iran
* Central Bank of the United Arab Emirates
* Central Bank of Yemen
* Central Bureau of Statistics, Israel
* Central Department of Statistics, Saudi Arabia
* Emirates Insurance Association
* Financial Services Board, South Africa
* International Monetary Fund (IMF)
* Ministry of Commerce, UAE
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* Ministry of Economy and Commerce, Qatar
* Ministry of Economy and Finance Affairs, Iran
* Ministry of Finance, Egypt
* Ministry of Economy, UAE
* Ministry of Finance and National Economy, Saudi Arabia
* Ministry of Finance, Bahrain
* Ministry of Finance, Iraq
* Ministry of Finance, Kuwait
* Ministry of Industry and Trade, Yemen
* Ministry of National Economy, Oman
* Saudi Arabian Monetary Agency
* South Africa Insurance Association
* State Information Service, Egypt
* Statistics South Africa
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Read about our other Insurance Reports
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Australia, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam |
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Bulgaria, Croatia, Czech Republic, Estonia, Germany, Greece, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, UK, Ukraine |
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Bahrain, Egypt, Iran, Israel, Jordan & Lebanon, Kuwait, Nigeria, North Africa, Oman, Qatar, Saudi Arabia, South Africa, Turkey, UAE |
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Argentina, Bermuda, Brazil, Caribbean, Mexico |
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 Business Monitor International A Market Leader in Country Risk, Industry Intelligence and Company Research Mermaid House, 2 Puddle Dock, Blackfriars, London EC4V 3DS, UK | BUSINESS MONITOR INTERNATIONAL's country risk analysis and forecasts, market research on leading industries, and multinational company research is relied upon by corporates, banks, government departments and multilateral organisations in over 125 countries around the world. Country Risk Analysis and Forecasts BMI has for 25 years specialised in political risk analysis, financial markets analysis, and macroeconomic forecasts on 175 global markets. Industry Intelligence and Market Research BMI's industry research covers Automotives; Banking; Chemicals; Defence & Security; Food & Drink; Freight Transport; Information Technology; Infrastructure; Insurance; Mining; Oil & Gas; Petrochemicals; Pharmaceuticals & Healthcare; Power; Telecommunications, and Tourism. Company Research BMI maintains a fully-researched 55,000-site database of multinational company subsidiaries located across global markets. |
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