Non-Life Insurance in Qatar, Key Trends and Opportunities to 2020

Published: May, 2017 | Pages: 105 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Non-Life Insurance in Qatar, Key Trends and Opportunities to 2020' 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 (2011-2015) and forecast period (2015-2020).

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 2020' report provides in-depth market analysis, information and insights into the Qatari non-life insurance segment, including:

•  The Qatari non-life segment's detailed outlook by product category

•  A comprehensive overview of the Qatari economy and demographics

•  A comparison of the Qatari non-life insurance segment 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 non-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 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

•  It offers a detailed analysis of the key categories in the Qatari non-life insurance segment, and market forecasts to 2020.

•  It provides a comparison of the Qatari non-life insurance segment with its regional counterparts

•  It analyzes the various distribution channels for non-life insurance products in Qatar.

•  It analyzes various natural hazards and their impact on the Qatari insurance industry

•  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
•  In July 2016, the Qatar Central Bank (QCB) issued a circular; setting common standards for motor insurance and new methods of premium calculation based on policyholders' records. 

•  The Qatari non-life segment is consolidated, with the four leading companies accounting for 33.4% of the gross written premium in 2015.

•  The QCB is expected to introduce new regulations for insurance brokers in Qatar by the end of 2017, with the aim of improving industry standards and efficiency.

•  High demand for imported vehicles and the use of an extensive vehicle fleet for oil and gas logistics have led to increased use of telematics.

 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
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 Doha Insurance Company - company overview
8.1.4 Qatar Islamic Insurance Company - 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 Property Insurance
10.5 Property Insurance by Product
10.6 Motor Insurance
10.7 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, 2015
Table 2: Qatari Non-Life Insurance - Segment Shares of the Top Insurers, 2015
Table 3: Qatari Government Credit Ratings
Table 4: Qatari Non-Life Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2011-2015
Table 5: Qatari Non-Life Insurance - Penetration (%), 2011-2015
Table 6: Qatari Non-Life Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2015-2020
Table 7: Qatari Non-Life Insurance - Penetration (%), 2015-2020
Table 8: Qatari Non-Life Insurance - Premium per Capita (QAR and US$), 2011-2015
Table 9: Qatari Non-Life Insurance - Premium per Capita (QAR and US$), 2015-2020
Table 10: Qatari Non-Life Insurance - Paid Claims (QAR Billion and US$ Billion), 2011-2015
Table 11: Qatari Non-Life Insurance - Paid Claims (QAR Billion and US$ Billion), 2015-2020
Table 12: Qatari Non-Life Insurance - Profitability Ratio (%), 2011-2015
Table 13: Qatari Non-Life Insurance - Profitability Ratio (%), 2015-2020
Table 14: Qatari Non-Life Insurance - Total Assets (QAR Billion and US$ Billion), 2011-2015
Table 15: Qatari Non-Life Insurance - Total Assets (QAR Billion and US$ Billion), 2015-2020
Table 16: Qatari Non-Life Insurance - Total Investment Income (QAR Billion and US$ Billion), 2011-2015
Table 17: Qatari Non-Life Insurance - Total Investment Income (QAR Billion and US$ Billion), 2015-2020
Table 18: Qatari Non-Life Insurance - Investment Portfolio (QAR Billion), 2011-2015
Table 19: Qatari Non-Life Insurance - Investment Portfolio (QAR Billion), 2015-2020
Table 20: Qatari Non-Life Insurance - Direct Written Premium by Category (QAR Billion), 2011-2015
Table 21: Qatari Non-Life Insurance - Direct Written Premium by Category (QAR Billion), 2015-2020
Table 22: Qatari Property Insurance - Direct Written Premium by Sub-Category (QAR Billion), 2011-2015
Table 23: Qatari Property Insurance - Direct Written Premium by Sub-Category (QAR Billion), 2015-2020
Table 24: Qatari Property Insurance - Paid Claims (QAR Billion and US$ Billion), 2011-2015
Table 25: Qatari Property Insurance - Paid Claims (QAR Billion and US$ Billion), 2015-2020
Table 26: Qatari Property Insurance - Loss Ratio (%), 2011-2015
Table 27: Qatari Property Insurance - Loss Ratio (%), 2015-2020
Table 28: Qatari Motor Insurance - Direct Written Premium by Sub-Category (QAR Billion), 2011-2015
Table 29: Qatari Motor Insurance - Direct Written Premium by Sub-Category (QAR Billion), 2015-2020
Table 30: Qatari Motor Insurance - Paid Claims (QAR Million and US$ Million), 2011-2015
Table 31: Qatari Motor Insurance - Paid Claims (QAR Million and US$ Million), 2015-2020
Table 32: Qatari Motor Insurance - Loss Ratio (%), 2011-2015
Table 33: Qatari Motor Insurance - Loss Ratio (%), 2015-2020
Table 34: Qatari Transport Network - Global Rankings
Table 35: Qatari Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (QAR Billion), 2011-2015
Table 36: Qatari Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (QAR Billion), 2015-2020
Table 37: Qatari Marine, Aviation and Transit Insurance - Paid Claims (QAR Million and US$ Million), 2011-2015
Table 38: Qatari Marine, Aviation and Transit Insurance - Paid Claims (QAR Million and US$ Million), 2015-2020
Table 39: Qatari Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
Table 40: Qatari Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
Table 41: Qatari Non-Life Segment - Market Shares of Leading Insurers (%), 2015
Table 42: Qatar Insurance Company - Key Facts
Table 43: Qatar Insurance Company - Key Financials (QAR Million), 2011-2015
Table 44: Qatar General Insurance and Reinsurance Company SAQ - Key Facts
Table 45: Qatar General Insurance and Reinsurance Company SAQ - Key Financials (QAR Million), 2011-2015
Table 46: Doha Insurance Company - Key Facts
Table 47: Doha Insurance Company - Key Financials (QAR Million), 2011-2015
Table 48: Qatar Islamic Insurance Company - Key Facts
Table 49: Qatar Islamic Insurance Company - Key Financials (QAR Million), 2011-2015
Table 50: Qatar - Insurance Regulatory Framework Key Features
Table 51: Qatar - Life Insurance Regulatory Framework
Table 52: Qatar - Property Insurance Regulatory Framework
Table 53: Qatar - Motor Insurance Regulatory Framework
Table 54: Qatar - Liability Insurance Regulatory Framework
Table 55: Qatar - Corporate Tax Rates for the Financial Year 2017
Table 56: Qatari Insurance Industry - Policies and Premium, 2011-2015
Table 57: Qatari Insurance Industry - Policies and Premium, 2015-2020
Table 58: Qatari Non-Life Insurance - Claims and Expenses, 2011-2015
Table 59: Qatari Non-Life Insurance - Claims and Expenses, 2015-2020
Table 60: Qatari Non-Life Insurance - Assets and Investments, 2011-2015
Table 61: Qatari Non-Life Insurance - Assets and Investments, 2015-2020
Table 62: Qatari Non-Life Insurance - Property Insurance, 2011-2015
Table 63: Qatari Non-Life Insurance - Property Insurance, 2015-2020
Table 64: Qatari Non-Life Insurance - Property Insurance by Product, 2011-2015
Table 65: Qatari Non-Life Insurance - Property Insurance by Product, 2015-2020
Table 66: Qatari Non-Life Insurance - Motor Insurance, 2011-2015
Table 67: Qatari Non-Life Insurance - Motor Insurance, 2015-2020
Table 68: Qatari Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
Table 69: Qatari Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
Table 70: Insurance Industry Definitions