Submitted by: Submitted by nirav2591
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Words: 513
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Category: Business and Industry
Date Submitted: 02/20/2014 10:14 PM
The Qatari insurance industry grew at a CAGR of 1.0% during the review period (2008–2012), due to weak demand for personal accident and health insurance and the emergence of takaful insurance. However, the industry is expected to register faster growth at a CAGR of 6.7% over the forecast period (2012–2017).
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Growth will be driven by projected infrastructure spending ahead of the 2022 FIFA World Cup and investment in non-oil sectors. Growth in the industry can be attributed to factors like the rise in the expatriate population, regulatory changes and the country’s economic strength. The size of the Qatari insurance industry is comparatively smaller than other countries in the Gulf region; the industry’s penetration stood at 0.4% in 2012, significantly lower than the global average of 6.7%. This provides an opportunity for existing and new entrants to scale-up their businesses in the uninsured Qatari insurance industry.
Scope
This report provides a comprehensive analysis of the insurance industry in Qatar:
It provides historical values for the Qatari insurance industry for the report’s 2008–2012 review period and projected figures for the 2012–2017 forecast period.
It offers a detailed analysis of the key segments and categories in the Qatari insurance industry, along with forecasts until 2017.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions.
It profiles the top insurance companies in Qatar, and outlines the key regulations affecting them.
Browse More reports related to Insurance Industry at: http://www.researchmoz.us/insurance-market-reports-161.html
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