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Published: Feb, 2016 | Pages:
95 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)
Synopsis
Timetric's 'Non-Life Insurance in Qatar, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Qatari non-life 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 (2010-2014) and forecast period (2014-2019). 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 Timetric's 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.
Summary
Timetric's ' Non-Life Insurance in Qatar, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Qatari non-life insurance segment, including: • The Qatari non-life insurance segment's detailed outlook by product category • A comprehensive overview of the Qatari economy and demographics • A comparison of the Qatari insurance industry with its regional counterparts • The various distribution channels in the Qatari non-life insurance segment • Detailed analysis of natural hazards and their impact on the Qatari insurance industry • Details of the competitive landscape in the life insurance segment in Qatar • Details of regulatory policy applicable to the Qatari insurance industry
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Qatar: • It provides historical values for the Qatari non-life insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period. • It offers a detailed analysis of the key categories in the Qatari non-life insurance segment, and market forecasts to 2019. • It profiles the top non-life 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 non-life insurance segment, and each category within it. • Understand the demand-side dynamics, key market trends and growth opportunities in the Qatari non-life insurance segment. • Assess the competitive dynamics in the non-life 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.
Key Highlights
• The Qatari non-life insurance gross written premium increased at a review-period CAGR of 33.6%. • In terms of real GDP, Qatar's annual growth increased from 6.2% in 2014 to 7.1% in 2015, driven by its oil and gas, petrochemicals, steel and fertilizer industries. • In March 2015, the MoI signed an agreement with the heads of motor insurers in Qatar to improve efficiency and accelerate the processing of reports of all accidents involving damage. • In 2013, the Qatari government revealed its plans to generate growth by investing in its non-oil sectors. This is expected to support the property insurance category in particular. • Direct marketing and agencies together accounted for 90.2% of the non-life direct written premium in 2014.
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 Claims 4.2.3 Profitability 4.2.4 Assets and investments 5 Outlook by Category 5.1 Property Insurance 5.1.1 Product overview 5.1.2 Premium 5.1.3 Claims 5.1.4 Profitability 5.2 Motor Insurance 5.2.1 Product overview 5.2.2 Premium 5.2.3 Claims 5.2.4 Profitability 5.3 Marine, Aviation and Transit Insurance 5.3.1 Product overview 5.3.2 Premium 5.3.3 Claims 5.3.4 Profitability 6 Distribution Channel Outlook 6.1 Analysis by Distribution Channel 6.1.1 Direct marketing 6.1.2 Agencies 6.1.3 Brokers 6.1.4 E-Commerce 7 Natural Hazards 8 Competitive Landscape 8.1 Company Rankings 8.2 Comparison of the Top Five Insurers 8.2.1 Gross written premium 8.3 Company Profiles 8.3.1 Qatar Insurance Company 8.3.2 Qatar General Insurance and Reinsurance Company SAQ 8.3.3 Doha Insurance Company QSC 8.3.4 Qatar Islamic Insurance Company 9 Governance, Risk and Compliance 9.1 Legislation Overview and Historical Evolution 9.2 Latest Changes in Regulations 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 9.5 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 Types 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 margins 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 (ADR) 10 Databook 10.1 Policies and Premium 10.2 Claims and Expenses 10.3 Assets and Investments 10.4 Direct Marketing and E-Commerce 10.5 Insurance Brokers and Agencies 10.6 Property Insurance 10.7 Property Insurance by Product 10.8 Motor Insurance 10.9 Marine, Aviation and Transit Insurance 11 Definitions and Methodology 11.1 Definitions 11.2 Methodology 12 About Timetric 12.1 Contact Timetric 12.2 About Timetric 12.3 Timetric's Services 12.4 Disclaimer
List of Tables
Table 1: Qatari Non-Life Insurance - Key Facts, 2014 Table 2: Qatari Non-Life Insurance - Segment Shares of the Top Insurers, 2014 Table 3: Qatari Government Credit Ratings Table 4: Qatari Non-Life Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2010-2014 Table 5: Qatari Non-Life Insurance - Penetration (%), 2010-2014 Table 6: Qatari Non-Life Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2014-2019 Table 7: Qatari Non-Life Insurance - Penetration (%), 2014-2019 Table 8: Qatari Non-Life Insurance - Premium per Capita (QAR and US$), 2010-2014 Table 9: Qatari Non-Life Insurance - Premium per Capita (QAR and US$), 2014-2019 Table 10: Qatari Non-Life Insurance - Paid Claims (QAR Billion and US$ Billion), 2010-2014 Table 11: Qatari Non-Life Insurance - Paid Claims (QAR Billion and US$ Billion), 2014-2019 Table 12: Qatari Non-Life Insurance - Profitability Ratio (%), 2010-2014 Table 13: Qatari Non-Life Insurance - Profitability Ratio (%), 2014-2019 Table 14: Qatari Non-Life Insurance - Total Assets (QAR Billion and US$ Billion), 2010-2014 Table 15: Qatari Non-Life Insurance - Total Assets (QAR Billion and US$ Billion), 2014-2019 Table 16: Qatari Non-Life Insurance - Total Investment Income (QAR Billion and US$ Million), 2010-2014 Table 17: Qatari Non-Life Insurance - Total Investment Income (QAR Billion and US$ Million), 2014-2019 Table 18: Qatari Non-Life Insurance - Investment Portfolio (QAR Billion), 2010-2014 Table 19: Qatari Non-Life Insurance - Investment Portfolio (QAR Billion), 2014-2019 Table 20: Qatari Non-Life Insurance - Gross Written Premium by Category (QAR Billion), 2010-2014 Table 21: Qatari Non-Life Insurance - Gross Written Premium by Category (QAR Billion), 2014-2019 Table 22: Qatari Property Insurance - Gross Written Premium by Sub-Category (QAR Billion), 2010-2014 Table 23: Qatari Property Insurance - Gross Written Premium by Sub-Category (QAR Billion), 2014-2019 Table 24: Qatari Property Insurance - Paid Claims (QAR Million and US$ Million), 2010-2014 Table 25: Qatari Property Insurance - Paid Claims (QAR Billion and US$ Million), 2014-2019 Table 26: Qatari Property Insurance - Loss Ratio (%), 2010-2014 Table 27: Qatari Property Insurance - Loss Ratio (%), 2014-2019 Table 28: Qatari Motor Insurance - Gross Written Premium by Sub-Category (QAR Million), 2010-2014 Table 29: Qatari Motor Insurance - Gross Written Premium by Sub-Category (QAR Million), 2014-2019 Table 30: Qatari Motor Insurance - Paid Claims (QAR Million and US$ Million), 2010-2014 Table 31: Qatari Motor Insurance - Paid Claims (QAR Million and US$ Million), 2014-2019 Table 32: Qatari Motor Insurance - Loss Ratio (%), 2010-2014 Table 33: Qatari Motor Insurance - Loss Ratio (%), 2014-2019 Table 34: Qatari Transport Network - Global Rankings (2013) Table 35: Qatari Marine, Aviation and Transit Insurance - Gross Written Premium (QAR Million), 2010-2014 Table 36: Qatari Marine, Aviation and Transit Insurance - Gross Written Premium (QAR Billion), 2014-2019 Table 37: Qatari Marine, Aviation and Transit Insurance - Paid Claims (QAR Million and US$ Million), 2010-2014 Table 38: Qatari Marine, Aviation and Transit Insurance - Paid Claims (QAR Million and US$ Million), 2014-2019 Table 39: Qatari Marine, Aviation and Transit Insurance - Loss Ratio (%), 2010-2014 Table 40: Qatari Marine, Aviation and Transit Insurance - Loss Ratio (%), 2014-2019 Table 41: Qatari Non-Life Insurance - Direct Written Premium by Distribution Channel (QAR Billion), 2010-2014 Table 42: Qatari Non-Life Insurance - Direct Written Premium by Distribution Channel (QAR Billion), 2014-2019 Table 43: Qatari Non-Life Insurance - Direct Written Premium by Distribution Channel (%), 2010-2019 Table 44: Shares of Key Insurers in the Qatari Non-Life Segment (%), 2014 Table 45: Qatar Insurance Company SAQ - Key Facts Table 46: Qatar Insurance Company SAQ - Key Financials (QAR Million), 2010-2014 Table 47: Qatar General Insurance and Reinsurance Company SAQ - Key Facts Table 48: Qatar General Insurance and Reinsurance Company SAQ - Key Financials (QAR Million), 2010-2014 Table 49: Doha Insurance Company QSC - Key Facts Table 50: Doha Insurance Company QSC - Key Financials (QAR Million), 2009-2013 Table 51: Qatar Islamic Insurance Company - Key Facts Table 52: Qatar Islamic Insurance Company - Key Financials (QAR Million), 2010-2014 Table 53: Qatar - Insurance Regulatory Framework Key Features Table 54: Qatar - Life Insurance Regulatory Framework Table 55: Qatar - Property Insurance Regulatory Framework Table 56: Qatar - Motor Insurance Regulatory Framework Table 57: Qatar - Liability Insurance Regulatory Framework Table 58: Qatar - Corporate Tax Rates for the Financial Year 2015 Table 59: Qatari Insurance Industry - Policies and Premium, 2010-2014 Table 60: Qatari Insurance Industry - Policies and Premium, 2014-2019 Table 61: Qatari Non-Life Insurance - Claims and Expenses, 2010-2014 Table 62: Qatari Non-Life Insurance - Claims and Expenses, 2014-2019 Table 63: Qatari Non-Life Insurance - Assets and Investments, 2010-2014 Table 64: Qatari Non-Life Insurance - Assets and Investments, 2014-2019 Table 65: Qatari Non-Life Insurance - Direct Marketing and E-Commerce, 2010-2014 Table 66: Qatari Non-Life Insurance - Direct Marketing and E-Commerce, 2014-2019 Table 67: Qatari Non-Life Insurance - Insurance Brokers and Agencies, 2010-2014 Table 68: Qatari Non-Life Insurance - Insurance Brokers and Agencies, 2014-2019 Table 69: Qatari Non-Life Insurance - Property Insurance, 2010-2014 Table 70: Qatari Non-Life Insurance - Property Insurance, 2014-2019 Table 71: Qatari Non-Life Insurance - Property Insurance by Product, 2010-2014 Table 72: Qatari Non-Life Insurance - Property Insurance by Product, 2014-2019 Table 73: Qatari Non-Life Insurance - Motor Insurance, 2010-2014 Table 74: Qatari Non-Life Insurance - Motor Insurance, 2014-2019 Table 75: Qatari Non-Life Insurance - Marine, Aviation and Transit Insurance, 2010-2014 Table 76: Qatari Non-Life Insurance - Marine, Aviation and Transit Insurance, 2014-2019 Table 77: Insurance Industry Definitions
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