Insurance
From The Report: Qatar 2014
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Qatar’s insurance sector has become the third largest in the GCC region in terms of written premiums. The sector is home to a range of domestic giants and international players that enjoy a choice of regulatory frameworks, and insurers are now gearing up to capitalise on the raft of infrastructure projects expected to arise from the national development strategy and Qatar’s hosting of the FIFA World Cup in 2022. Qatar Central Bank (QCB) stepped up to play a larger part in the governance of the sector and the much-anticipated mandatory health insurance scheme began to be implemented. Both developments have been welcomed by the industry and underpin much of the optimism currently surrounding the sector.

Articles from this Chapter

Overview

Expecting expansion: All the signs point to substantial growth in the coming year
OBG
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Benefitting from the nation’s rapid development and buoyant economy, Qatar’s insurance sector has become the third largest in the GCC region in terms of written premiums. The sector is home to a range of domestic giants and international players that enjoy a choice of regulatory frameworks, and insurers are now gearing up to capitalise on the raft of infrastructure projects expected to arise from the National Development Strategy 2011-16 and Qatar’s hosting of the 2022 FIFA World Cup. Regulatory…

Analysis

Healthy beginnings: After a lengthy planning process, the mandatory health insurance scheme is now being rolled out in stages
OBG
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In the summer of 2013 Qatar’s long-anticipated mandatory health insurance scheme became operational, representing for many an historic step in the country’s social development. The creation of the National Health Insurance Company in June with Al Khaleej Takaful Group appointed as the scheme’s third-party administrator, and the July implementation of the scheme under Emiri Decree No. 7 of 2013 came at the end of a lengthy planning process, during which time a number of concerns were raised…