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Executive Summary Timetric's 'Personal Accident and Health Insurance in Qatar, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Qatari personal accident and health insurance segment. It provides 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, 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 ' Personal Accident and Health Insurance in Qatar, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Qatari personal accident and health insurance segment, including: The Qatari personal accident and health insurance segment's growth prospects by insurance category Key trends, drivers and challenges for the personal accident and health insurance segment A comprehensive overview of the Qatari economy and demographics The various distribution channels in the Qatari personal accident and health insurance segment Details of the competitive landscape in the personal accident and health insurance segment in Qatar Details of regulatory policy applicable to the Qatari insurance industry Scope This report provides a comprehensive analysis of the personal accident and health insurance segment in Qatar: It provides historical values for the Qatari personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2019. It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it. Understand the demand-side dynamics, key market trends and growth opportunities in the Qatari personal accident and health insurance segment. Assess the competitive dynamics in the personal accident and health 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 Personal accident and health was the smallest segment in the Qatari insurance industry, accounting for 8.0% of the industry's gross written premium in 2014. Health insurance is compulsory in Qatar. The entire population is expected to be covered by health insurance by the end of 2016, providing the category with strong growth avenues, supported by lifestyle changes. Personal accident and health insurance penetration was lower in Qatar than in other GCC countries such as the UAE (0.71%) and Saudi Arabia (0.56%). The presence of takaful insurance in a Muslim-dominated population is a key challenge for conventional insurance. Conventional insurance products are incompatible with Sharia law, and as more than 75% of Qatar's population is Muslim, the growth of takaful insurance is therefore expected to continue over the forecast period. The Qatari personal accident and health insurance segment has growth potential and will be driven by favorable demographic factors such as rise in the working population and life expectancy. Read More Contact Us:
1 Key Facts and Highlights 2 Executive Summary 3 Introduction 3.1 What is this Report About? 3.2 Definitions 3.3 Methodology 4 Economy and Demographics 5 Personal Accident and Health Insurance Segment Outlook 5.1 Key Drivers 5.2 Key Trends 5.3 Challenges 5.4 Personal Accident and Health Insurance Growth Prospects by Category 5.4.1 Personal accident insurance 6 Analysis by Distribution Channel 6.1 Direct Marketing 6.2 Agencies 6.3 Brokers 7 Competitive Landscape and Strategic Insights 7.1 Overview 7.2 Leading Companies in the Qatari Personal Accident and Health Insurance Segment 7.2.1 Qatar Insurance Company SAQ-company overview 7.2.2 Qatar General Insurance and Reinsurance Company SAQ-company overview 7.2.3 Doha Insurance Company QSC-company overview 7.2.4 Qatar Islamic Insurance Company-company overview 8 Governance, Risk and Compliance 8.1 Legislation Overview and Historical Evolution 8.2 Latest Changes in Regulations 8.3 Legislation and Market Practice by Type of Insurance 8.3.1 Life insurance 8.3.2 Property insurance 8.3.3 Motor insurance 8.3.4 Liability insurance 8.3.5 Marine, aviation and transit insurance 8.3.6 Personal accident and health insurance 8.4 Compulsory Insurance 8.4.1 Motor third-party liability insurance 8.4.2 Health insurance 8.5 Supervision and Control 8.5.1 International Association of Insurance Supervisors 8.5.2 Qatar Financial Centre Regulatory Authority 8.5.3 Qatar central Bank 8.6 Non-Admitted Insurance Regulations 8.6.1 Overview 8.6.2 Intermediaries 8.6.3 Market practices 8.6.4 Fines and penalties 8.7 Company Registration and Operations 8.7.1 Types of insurance organization 8.7.2 Establishing a local company 8.7.3 Foreign ownership 8.7.4 Types of license 8.7.5 Capital requirements 8.7.6 Solvency margins 8.7.7 Reserve requirements 8.7.8 Investment regulations 8.7.9 Statutory return requirements 8.7.10 Fee structure 8.8 Taxation 8.8.1 Insurance premium or policy taxation 8.8.2 Withholding taxes on premium paid overseas 8.8.3 Corporate tax 8.8.4 VAT 8.8.5 Captives 8.9 Legal System 8.9.1 Introduction 8.9.2 Access to court 8.9.3 Alternative dispute resolution (ADR) 9 Appendix 9.1 Methodology 9.2 Contact Timetric 9.3 About Timetric 9.4 Timetric's Services 9.5 Disclaimer Figure 1: Qatari Real GDP (QAR Billion), 2010-2019 Figure 2: QAR-USD Exchange Rate, 2010-2019 Figure 3: Qatari Consumer Price Inflation, 2010-2019 Figure 4: Qatari Current Account Balance as Percentage of GDP (%), 2010-2019 Figure 5: Qatari Unemployment Rate, 2010-2019 Figure 6: Qatari Population by Age Group, 1991-2025 Figure 7: Qatari Personal Accident Insurance-Gross Written Premium (QAR Million), 2010-2014 Figure 8: Qatari Personal Accident and Health Insurance-Gross Written Premium (QAR Million), 2014-2019 Figure 9: Qatari Personal Accident and Health Insurance-Direct Written Premium (QAR Million), 2010-2014 Figure 10: Qatari Personal Accident and Health Insurance-Direct Written Premium (QAR Million), 2014-2019 Figure 11: Qatari Personal Accident and Health Insurance-Net Earned Premium (QAR Million), 2010-2014 Figure 12: Qatari Personal Accident and Health Insurance-Net Earned Premium (QAR Million), 2014-2019 Figure 13: Qatari Personal Accident and Health Insurance-Paid Claims (QAR Million), 2010-2014 Figure 14: Qatari Personal Accident and Health Insurance-Paid Claims (QAR Million), 2014-2019 Figure 15: Qatari Personal Accident and Health Insurance-Incurred Loss (QAR Million), 2010-2014 Figure 16: Qatari Personal Accident and Health Insurance-Incurred Loss (QAR Million), 2014-2019 Figure 17: Qatari Personal Accident and Health Insurance-Net Written Premium (QAR Million), 2010-2014 Figure 18: Qatari Personal Accident and Health Insurance-Net Written Premium (QAR Million), 2014-2019 Figure 19: Qatari Personal Accident and Health Insurance-Loss Ratio (%), 2010-2014 Figure 20: Qatari Personal Accident and Health Insurance-Loss Ratio (%), 2014-2019 Figure 21: Qatari Personal Accident and Health Insurance-Commission and Expenses (QAR Million), 2010-2014 Figure 22: Qatari Personal Accident and Health Insurance-Commission and Expenses (QAR Million), 2014-2019 Figure 23: Qatari Personal Accident and Health Insurance-Combined Ratio (%), 2010-2014 Figure 24: Qatari Personal Accident and Health Insurance-Combined Ratio (%), 2014-2019 Figure 25: Qatari Personal Accident and Health Insurance-Total Assets (QAR Billion), 2010-2014 Figure 26: Qatari Personal Accident and Health Insurance-Total Assets (QAR Billion), 2014-2019 Figure 27: Qatari Personal Accident and Health Insurance-Total Investment Income (QAR Million), 2010-2014 Figure 28: Qatari Personal Accident and Health Insurance-Total Investment Income (QAR Million), 2014-2019 Figure 29: Qatari Personal Accident and Health Insurance-Net Written Premium (% of GWP), 2010-2014 Figure 30: Qatari Personal Accident and Health Insurance-Net Written Premium (% of GWP), 2014-2019 Figure 31: Qatari Personal Accident and Health Insurance-Investment Portfolio (QAR Billion), 2010-2014 Figure 32: Qatari Personal Accident and Health Insurance-Investment Portfolio (% Share), 2010 and 2014 Figure 33: Qatari Personal Accident and Health Insurance Penetration (Ratio of Direct Premiums to GDP), 2010-2014 Figure 34: Qatari Personal Accident and Health Insurance-Density (Direct Premium per Capita), 2010-2014 Figure 35: Qatari Personal Accident Insurance-Direct Written Premium (QAR Million), 2010-2014 Figure 36: Qatari Personal Accident Insurance-Direct Written Premium (QAR Million), 2014-2019 Figure 37: Qatari Personal Accident Insurance-Loss Ratio (%), 2010-2014 Figure 38: Qatari Personal Accident Insurance-Loss Ratio (%), 2014-2019 Figure 39: Qatari Personal Accident and Health Insurance-Gross Written Premium by Distribution Channel (% Share), 2014 and 2019 Figure 40: Qatari Personal Accident and Health Insurance-Direct Marketing Value of Commission (QAR Million), 2010-2014 Figure 41: Qatari Personal Accident and Health Insurance-Direct Marketing Value of Commission (QAR Million), 2014-2019 Figure 42: Qatari Personal Accident and Health Insurance-Direct Marketing Direct Written Premium (QAR Million), 2010-2014 Figure 43: Qatari Personal Accident and Health Insurance-Direct Marketing Direct Written Premium (QAR Million), 2014-2019 Figure 44: Qatari Personal Accident and Health Insurance-Agencies' Value of Commission (QAR Million), 2010-2014 Figure 45: Qatari Personal Accident and Health Insurance-Agencies' Value of Commission (QAR Million), 2014-2019 Figure 46: Qatari Personal Accident and Health Insurance-Agencies' Direct Written Premium (QAR Million), 2010-2014 Figure 47: Qatari Personal Accident and Health Insurance-Agencies' Direct Written Premium (QAR Million), 2014-2019 Figure 48: Qatari Personal Accident and Health Insurance-Brokers' Value of Commission (QAR Million), 2010-2014 Figure 49: Qatari Personal Accident and Health Insurance-Brokers' Value of Commission (QAR Million), 2014-2019 Figure 50: Qatari Personal Accident and Health Insurance-Brokers' Direct Written Premium (QAR Million), 2010-2014 Figure 51: Qatari Personal Accident and Health Insurance-Brokers' Direct Written Premium (QAR Million), 2014-2019 Figure 52: Qatar-Insurance Supervision and Control at Various Levels Figure 53: Qatar-Insurance Regulatory Frameworks for Company Registration and Operation Table 1: Qatari Personal Accident and Health Insurance-Key Facts, 2014 Table 2: Insurance Industry Definitions Table 3: Qatari Government Credit Ratings Table 4: Qatari Personal Accident and Health Insurance-Gross Written Premium (QAR Million), 2010-2014 Table 5: Qatari Personal Accident and Health Insurance-Gross Written Premium (QAR Million), 2014-2019 Table 6: Qatari Personal Accident and Health Insurance-Direct Written Premium (QAR Million), 2010-2014 Table 7: Qatari Personal Accident and Health Insurance-Direct Written Premium (QAR Million), 2014-2019 Table 8: Qatari Personal Accident and Health Insurance-Net Earned Premium (QAR Million), 2010-2014 Table 9: Qatari Personal Accident and Health Insurance-Net Earned Premium (QAR Million), 2014-2019 Table 10: Qatari Personal Accident and Health Insurance-Paid Claims (QAR Million), 2010-2014 Table 11: Qatari Personal Accident and Health Insurance-Paid Claims (QAR Million), 2014-2019 Table 12: Qatari Personal Accident and Health Insurance-Incurred Loss (QAR Million), 2010-2014 Table 13: Qatari Personal Accident and Health Insurance-Incurred Loss (QAR Million), 2014-2019 Table 14: Qatari Personal Accident and Health Insurance-Net Written Premium (QAR Million), 2010-2014 Table 15: Qatari Personal Accident and Health Insurance-Net Written Premium (QAR Million), 2014-2019 Table 16: Qatari Personal Accident and Health Insurance-Loss Ratio (%), 2010-2014 Table 17: Qatari Personal Accident and Health Insurance-Loss Ratio (%), 2014-2019 Table 18: Qatari Personal Accident and Health Insurance-Commission and Expenses (QAR Million), 2010-2014 Table 19: Qatari Personal Accident and Health Insurance-Commission and Expenses (QAR Million), 2014-2019 Table 20: Qatari Personal Accident and Health Insurance-Combined Ratio (%), 2010-2014 Table 21: Qatari Personal Accident and Health Insurance-Combined Ratio (%), 2014-2019 Table 22: Qatari Personal Accident and Health Insurance-Total Assets (QAR Billion), 2010-2014 Table 23: Qatari Personal Accident and Health Insurance-Total Assets (QAR Billion), 2014-2019 Table 24: Qatari Personal Accident and Health Insurance-Total Investment Income (QAR Million), 2010-2014 Table 25: Qatari Personal Accident and Health Insurance-Total Investment Income (QAR Million), 2014-2019 Table 26: Qatari Personal Accident and Health Insurance-Net Written Premium (% of GWP), 2010-2014 Table 27: Qatari Personal Accident and Health Insurance-Net Written Premium (% of GWP), 2014-2019 Table 28: Qatari Personal Accident Insurance-Direct Written Premium (QAR Million), 2010-2014 Table 29: Qatari Personal Accident Insurance-Direct Written Premium (QAR Million), 2014-2019 Table 30: Qatari Personal Accident Insurance-Loss Ratio (%), 2010-2014 Table 31: Qatari Personal Accident Insurance-Loss Ratio (%), 2014-2019 Table 32: Qatari Personal Accident and Health Insurance-Direct Marketing Value of Commission (QAR Million), 2010-2014 Table 33: Qatari Personal Accident and Health Insurance-Direct Marketing Value of Commission (QAR Million), 2014-2019 Table 34: Qatari Personal Accident and Health Insurance-Direct Marketing Direct Written Premium (QAR Million), 2010-2014 Table 35: Qatari Personal Accident and Health Insurance-Direct Marketing Direct Written Premium (QAR Million), 2014-2019 Table 36: Qatari Personal Accident and Health Insurance-Agencies' Value of Commission (QAR Million), 2010-2014 Table 37: Qatari Personal Accident and Health Insurance-Agencies' Value of Commission (QAR Million), 2014-2019 Table 38: Qatari Personal Accident and Health Insurance-Agencies' Direct Written Premium (QAR Million), 2010-2014 Table 39: Qatari Personal Accident and Health Insurance-Agencies' Direct Written Premium (QAR Million), 2014-2019 Table 40: Qatari Personal Accident and Health Insurance-Brokers' Value of Commission (QAR Million), 2010-2014 Table 41: Qatari Personal Accident and Health Insurance-Brokers' Value of Commission (QAR Million), 2014-2019 Table 42: Qatari Personal Accident and Health Insurance-Brokers' Direct Written Premium (QAR Million), 2010-2014 Table 43: Qatari Personal Accident and Health Insurance-Brokers' Direct Written Premium (QAR Million), 2014-2019 Table 44: Qatari Personal Accident and Health Insurance Companies Table 45: Qatar Insurance Company SAQ-Key Facts Table 46: Qatar General Insurance and Reinsurance Company SAQ-Key Facts Table 47: Doha Insurance Company QSC-Key Facts Table 48: Qatar Islamic Insurance Company-Key Facts Table 49: Qatar-Insurance Regulatory Framework Key Features Table 50: Qatar-Life Insurance Regulatory Framework Table 51: Qatar-Property Insurance Regulatory Framework Table 52: Qatar-Motor Insurance Regulatory Framework Table 53: Qatar-Liability Insurance Regulatory Framework Table 54: Qatar-Corporate Tax Rates for the Financial Year 2015 Single User License: Site License: Corporate User License: Qatar Insurance Company Qatar General Insurance and Reinsurance Company Doha Insurance Company Qatar Islamic Insurance Company Personal accident and health insurance Personal accident insurance Travel insurance Health insurance Non-life health insurance Life health insurance Economy and Demographic Distribution channels Direct Marketing Agencies E-commerce Bancassurance Brokers Leading companies Legislation Compulsory insurance Supervision and control Non-admitted insurance Types of insurance organization |
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