New Market Report: Qatar Insurance Report Q3 2016
New Financial Services market report from Business Monitor International: "Qatar Insurance Report Q3 2016"
[ClickPress, Wed Jul 20 2016] The insurance market in Qatar has grown at a steady rate in recent years and is expected to continue to outpace most of its neighbours. Strong economic development tied to infrastructure expenditure remains a key driver of insurance demand in a market that remains dominated by five top insurers and an almost exclusive concentration on non-life lines. Life insurance remains in the very early stages of development, with demand mostly coming from expatriate workers.
Latest Updates And Developments:
We expect to see solid growth in Qatar's insurance sector in 2016, with premiums forecast to fall by 0.2% to reach QAR9.4bn (USD2.6bn). Somewhat slower growth is expected over the remainder of the forecast period, with gross premiums written expected to reach QAR11.2bn (USD3.1bn) in 2020.
Qatar is in the process of updating its regulatory environment. The Qatar Central Bank (QCB) is setting out a framework for updating the licensing and conduct regulations for insurers which will expand the allowed role for foreign insurers in a range of non-life sub-sectors and could attract more insurers to obtain a licence from the QCB instead of the Qatar Financial Centre Regulatory Authority (QFCRA).
Full Report Details at
The Qatar Insurance Report has been researched at source and features BMI Research's independent assessment and forecasts for the insurance sector. It examines industry developments, key growth drivers and risk management projections, including the macroeconomic situation, government policy, regulatory environment and the level of development and potential for growth, broken down by line. Leading insurers are profiled, covering premiums, products and services and competitive positioning.
BMI'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.
Benchmark BMI's independent insurance industry forecasts for Qatar to test other views - a key input for successful budgeting and strategic business planning in Qatar's insurance market.
Target business opportunities and risks in Qatar through our reviews of latest industry trends, regulatory changes and major deals, investments and macroeconomic developments.
Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
BMI Industry View
Summary of BMI’s key industry forecasts and views, covering the Life and Non-Life segments, the evolving competitive landscape and business operational risks.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the insurance sector and within the broader political, economic and business environment.
BMI Industry Forecasts
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