New Market Research Report: Qatar Insurance Report Q1 2016

Qatar's insurance sector will outperform the majority of Western markets over the next few years as a robust economy, high income levels and large scale public investment drive growth. Growth will be particularly intense over 2015-2017, due in large part to a surge in motor vehicle underwriting, before subsiding to a more moderate level towards the end of the forecast period. However, the dominance of domestic insurers and the absence of any life insurance market of note will continue to deter many of the larger multinational players.

Latest Updates and Developments:

Qatar's insurance sector remains well placed for expansion going into 2016. We are sticking with our growth forecasts from the previous quarter, with premiums set to grow by about 5% a year on average over 2015-2019 to reach USD2.5bn.

Full Report Details at
- http://www.fastmr.com/prod/1109927_qatar_insurance_report_q1.aspx?afid=301

As has always been the case, the core non-life lines will be the main driver of growth. Motor premiums will grow by around 6.6% y-o-y over the period to reach USD600.4mn.

Domestic insurers will continue to dominate the competitive landscape, with firms such as Qatar Insurance Company (QIC) reporting robust financial earnings in recent months. The company posted a USD196mn net profit for 9M15, with written premiums growing by 20% y-o-y to USD1.48bn over the period.

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.

Key Benefits

* 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).

Coverage

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

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