Personal Accident and Health Insurance in Qatar, Key Trends and Opportunities to 2020

Publisher Name :
Date: 30-May-2017
No. of pages: 81
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Synopsis

Timetric's 'Personal Accident and Health Insurance in Qatar, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Qatari personal accident and health insurance segment, and a comparison of the Qatari insurance industry with its regional counterparts.

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 (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, 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 2020' report provides in-depth market analysis, information and insights into the Qatari personal accident and health insurance segment, including:


  • An overview of the Qatari personal accident and health insurance segment

  • The Qatari personal accident and health insurance segment's growth prospects by category

  • A comprehensive overview of the Qatari economy and demographics

  • A comparison of the Qatari personal accident and health insurance segment with its regional counterparts

  • 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 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 personal accident and health insurance segment, and market forecasts to 2020.

  • It provides a comparison of the Qatari personal accident and health insurance segment with its regional counterparts

  • It provides an overview of the various distribution channels for personal accident and health insurance products in Qatar.

  • 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


  • The personal accident and health segment accounted for just 6.0% of the Qatari insurance gross written premium in 2015.

  • On March 29, 2016, the Qatar Central Bank (QCB) issued a decision on executive instructions for the insurance industry, and principles of governance for insurance companies. The new rules apply to all insurance, reinsurance, takaful and retakaful companies, as well as branches of foreign companies operating in Qatar.

  • On June 1, 2016, Qatar's Ministry of Public Health (MOPH) released a statement regarding the establishment of a new scheme involving private health insurers.

  • The penetration rate of the personal accident and health insurance segment stood at 0.11% of GDP in 2015.

Personal Accident and Health Insurance in Qatar, Key Trends and Opportunities to 2020

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 Profitability
4.2.3 Assets and investments

5 Distribution Channel Outlook

6 Competitive Landscape
6.1 Company Profiles
6.1.1 Qatar Insurance Company SAQ - company overview
6.1.2 Qatar General Insurance and Reinsurance Company SAQ - company overview
6.1.3 Doha Insurance Company QSC - company overview
6.1.4 Qatar Islamic Insurance Company - company overview

7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulation
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Health insurance
7.4.3 Professional indemnity insurance for insurance intermediaries
7.4.4 Liability for ships with respect to oil pollution
7.4.5 Air carriers and aircraft operators' insurance
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors
7.5.2 Qatar Financial Centre Regulatory Authority
7.5.3 Qatar Central Bank
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Type of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margin
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution

8 Databook
8.1 Policies and Premium
8.2 Claims and Expenses
8.3 Assets and Investments

9 Definitions and Methodology
9.1 Definitions
9.2 Methodology

10 About Timetric
10.1 Contact Timetric
10.2 About Timetric
10.3 Timetric's Services
10.4 Disclaimer

List of Tables

Table 1: Qatari Personal Accident and Health Insurance - Key Facts, 2015
Table 2: Qatari Government Credit Ratings
Table 3: Qatari Personal Accident and Health Insurance - Gross Written Premium (QAR Million and US$ Million), 2011-2015
Table 4: Qatari Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 5: Qatari Personal Accident and Health Insurance - Gross Written Premium (QAR Billion and US$ Billion), 2015-2020
Table 6: Qatari Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 7: Qatari Personal Accident and Health Insurance - Premium per Capita (QAR and US$), 2011-2015
Table 8: Qatari Personal Accident and Health Insurance - Premium per Capita (QAR and US$), 2015-2020
Table 9: Qatari Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 10: Qatari Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 11: Qatari Personal Accident and Health Insurance - Total Assets (QAR Billion and US$ Billion), 2011-2015
Table 12: Qatari Personal Accident and Health Insurance - Total Assets (QAR Billion and US$ Billion), 2015-2020
Table 13: Qatari Personal Accident and Health Insurance - Total Investment Income (QAR Million and US$ Million), 2011-2015
Table 14: Qatari Personal Accident and Health Insurance - Total Investment Income (QAR Million and US$ Million), 2015-2020
Table 15: Qatari Personal Accident and Health Insurance - Investment Portfolio (QAR Billion), 2011-2015
Table 16: Qatari Personal Accident and Health Insurance - Investment Portfolio (QAR Billion), 2015-2020
Table 17: Qatari Personal Accident and Health Insurance - Market Shares of Leading Insurers (%), 2015
Table 18: Qatar Insurance Company SAQ - Key Facts
Table 19: Qatar General Insurance and Reinsurance Company SAQ - Key Facts
Table 20: Doha Insurance Company QSC - Key Facts
Table 21: Qatar Islamic Insurance Company - Key Facts
Table 22: Qatar - Insurance Regulatory Framework Key Features
Table 23: Qatar - Life Insurance Regulatory Framework
Table 24: Qatar - Property Insurance Regulatory Framework
Table 25: Qatar - Motor Insurance Regulatory Framework
Table 26: Qatar - Liability Insurance Regulatory Framework
Table 27: Qatar - Corporate Tax Rates for the Financial Year 2017
Table 28: Qatari Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 29: Qatari Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 30: Qatari Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 31: Qatari Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 32: Qatari Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 33: Qatari Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 34: Insurance Industry Definitions

List of Figures

Figure 1: Qatari Real GDP (US$ Billion), 2011-2020
Figure 2: QAR-US$ Exchange Rate, 2011-2020
Figure 3: Qatari Consumer Price Inflation (%),2011-2020
Figure 4: Qatari Current Account Balance as Percentage of GDP (%), 2011-2020
Figure 5: Qatari Unemployment Rate, 2011-2020
Figure 6: Qatari Population by Age Group, 1991-2025
Figure 7: Qatari Personal Accident and Health Insurance Penetration - Regional Comparison (%), 2015
Figure 8: Qatari Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 9: Qatari Personal Accident and Health Insurance - Gross Written Premium (QAR Billion), 2011-2020
Figure 10: Qatari Personal Accident and Health Insurance - Penetration (%), 2011-2020
Figure 11: Qatari Personal Accident and Health Insurance - Premium per Capita (QAR), 2011-2020
Figure 12: Qatari Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2020
Figure 13: Qatari Personal Accident and Health Insurance - Total Assets (QAR Billion), 2011-2020
Figure 14: Qatari Personal Accident and Health Insurance - Total Investment Income (QAR Billion), 2011-2020
Figure 15: Qatari Personal Accident and Health Insurance - Investment Portfolio (QAR Billion), 2011-2020
Figure 16: Qatari Personal Accident and Health Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 17: Qatar - Insurance Supervision and Control at Various Levels
Figure 18: Qatar - Insurance Regulatory Frameworks for Company Registration and Operation

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