Qatar insurance market: main highlights 2016-2020

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In thousands USD
 20162017201820192020
National companies’ premiums3 366 6433 841 0364 165 1674 421 5574 612 542
Foreign companies’ premiums93 28996 59394 869100 067132 425
Total turnover *3 459 9323 937 6294 260 0364 521 6244 744 967
Shareholders' equity **4 938 2915 114 5744 962 4915 014 9345 437 338
Net result464 251278 146341 644139 779176 840
Return on equity (ROE)9.2%5.3%6.5%2.7%3.3%
Loss ratio66.8%76.1%69.5%70.4%77.5%
Management expenses ratio30.7%29.0%33.0%33.3%30.4%
Combined ratio97.5%105.1%102.5%103.7%107.9%

* National companies’ premiums + foreign companies’ premiums
** National companies only

In thousands QAR
 20162017201820192020
National companies’ premiums12 270 00014 085 72415 170 88616 129 41616 928 000
Foreign companies’ premiums340 000354 222345 545365 034486 000
Total turnover *12 610 00014 439 94615 516 43116 494 45017 414 000
Shareholders' equity **17 998 00018 756 00018 075 00018 294 00019 955 000
Net result1 692 0001 020 0071 244 378509 901649 000
Return on equity (ROE)9.2%5.3%6.5%2.7%3.3%
Loss ratio66.8%76.1%69.5%70.4%77.5%
Management expenses ratio30.7%29.0%33.0%33.3%30.4%
Combined ratio97.5%105.1%102.5%103.7%107.9%

* National companies’ premiums + foreign companies’ premiums
** National companies only

Qatar insurance market: evolution of premiums, shareholders’ equity and net result

Qatar insurance market

Source : Qatar Central Bank, Financial Stability Review 2020

Exchange rate as at 31/12/2020 : 1 QAR = 0.27248 USD ; at 31/12/2019: 1 QAR = 0.27413 USD ; at 31/12/2018: 1 QAR = 0.27455 USD ; at 31/12/2017: 1 QAR = 0.27269 USD ; at 31/12/2016 : 1 QAR = 0.27438 USD

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