Qatar Insurance Report - Business Monitor International - Industry Reports

Qatar Insurance Report

Qatar Insurance Report - Business Monitor International - Industry Reports
Qatar Insurance Report
Published Oct 22, 2016
45 pages — Published Oct 22, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Overall economic growth is consistent with a rise in non-life premiums of about - annually from ---- to ----. The important motor vehicle insurance sub-sector should benefit from higher numbers of cars on the road. ...Infrastructure spending in relation to the FIFA World Cup is something of a positive wildcard: overall, we think that most associated insurance cover will be purchased outside Qatar. Negative wildcards include a reduction in the numbers of expatriate workers in the event that hydrocarbon prices (and, therefore, the economy) are weaker than we have been anticipating. This would have an adverse impact on health insurance premiums. ...Negative wildcards include a reduction in the numbers of expatriate workers in the event that hydrocarbon prices (and, therefore, the economy) are weaker than we have been anticipating. This would have an adverse impact on health insurance premiums.

...BMI View: For ---- and ----, we have revised our estimates of motor vehicle insurance (upwards) and health/personal accident insurance (downwards). The overall result is that total premiums should be a little lower for these two years than we had anticipated in Q---. ...The overall result is that total premiums should be a little lower for these two years than we had anticipated in Q---. Nevertheless, growth in premiums through the remainder of the forecast period - to ---- - should mean that premiums in ----, at QAR--bn, are about the same as those that we had forecast three months ago. Over the forecast period, the growth of the economy should underpin an annual rise in premiums of about - . ...Over the forecast period, the growth of the economy should underpin an annual rise in premiums of about - . However, pricing competition in the property insurance sub-sector and (probably) in the motor vehicle insurance sub-sector will mean that penetration falls from the current level of -.- of GDP to -.- in ----.

...Insurance claims have grown at a spectacular rate over the past few years as increasing levels of coverage have filtered through into claims activity in what is a relatively risk-heavy market. It should be noted that claims have been growing from a very low base, however, with gross claims rising from just QAR-.--bn in ---- to QAR-.--bn by the end of ----. ...

  
Source:
Document ID
1752-8348
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Cite this Report

  
MLA:
Business Monitor International - Industry Reports. "Qatar Insurance Report" Oct 22, 2016. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Qatar-Insurance-Report-2026-651>
  
APA:
Business Monitor International - Industry Reports. (2016). Qatar Insurance Report Oct 22, 2016. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Qatar-Insurance-Report-2026-651>
  
US$ 1,295.00
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