Insurance
From The Report: Qatar 2024
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As the economy and population both continue to expand, and with a new national strategy aimed at enhancing the insurance sector and a new health care system in the process of being rolled out, this is a period of heightened activity for Qatar’s insurance and takaful (Islamic insurance) players. Buoyed by high disposable incomes and expected future demand for liquefied natural gas, there are expectations of steady annual growth in insurance premium and net profit. At the same time, the sector is looking to increase awareness of the importance and availability of its life and general products, while simultaneously adopting the latest digital developments.

This chapter contains an interview with Salem Al Mannai, CEO of Qatar Insurance Company.

Articles from this Chapter

Overview

Organic demand: Targeted approaches are providing opportunities for growth
OBG
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With an expanding economy and population, a new national strategy aimed at enhancing the insurance sector and the rollout of a new health care system, this is a period of heightened activity for Qatar’s insurance and takaful (Islamic insurance) players. Buoyed by high disposable incomes and expected future demand for liquefied natural gas, there are expectations of steady annual growth in insurance premium and net profit. At the same time, the sector is looking to increase awareness of the importance…

Interview

Ensuring change: Salem Al Mannai, CEO, Qatar Insurance Company (QIC Group), on digital innovation and transformation
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Interview:Salem Al Mannai What is the potential impact of requiring mandatory health insurance for visitors and non-residents? SALEM AL MANNAI: This policy is an opportunity to expand the market’s size. The public sector is currently excluded from the scheme, so the onus is on the private sector to make sure it works effectively. The government aims to integrate primary health care services and hospitals into the private sector network, which is a positive development. However, there has…

Analysis

Safety net: New joint initiatives are catalysing action as the global insurance sector moves to mitigate environmental risk
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With the launch of a new joint initiative to support the countries most vulnerable to climate change, the global insurance industry is evolving in ways that could carry important implications for business in emerging markets. The initiative, the Global Shield against Climate Risks (GSCR), was announced by the ministers of finance of the Vulnerable Twenty (V20) Group – which comprises economies susceptible to climate change – and the G7 after the COP27 UN Conference on Climate Change in Sharm…