Qatar insurance market: main highlights 2016-2020
In thousands USD
| 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
| National companies’ premiums | 3 366 643 | 3 841 036 | 4 165 167 | 4 421 557 | 4 612 542 |
| Foreign companies’ premiums | 93 289 | 96 593 | 94 869 | 100 067 | 132 425 |
| Total turnover * | 3 459 932 | 3 937 629 | 4 260 036 | 4 521 624 | 4 744 967 |
| Shareholders' equity ** | 4 938 291 | 5 114 574 | 4 962 491 | 5 014 934 | 5 437 338 |
| Net result | 464 251 | 278 146 | 341 644 | 139 779 | 176 840 |
| Return on equity (ROE) | 9.2% | 5.3% | 6.5% | 2.7% | 3.3% |
| Loss ratio | 66.8% | 76.1% | 69.5% | 70.4% | 77.5% |
| Management expenses ratio | 30.7% | 29.0% | 33.0% | 33.3% | 30.4% |
| Combined ratio | 97.5% | 105.1% | 102.5% | 103.7% | 107.9% |
* National companies’ premiums + foreign companies’ premiums
** National companies only
| 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
| National companies’ premiums | 12 270 000 | 14 085 724 | 15 170 886 | 16 129 416 | 16 928 000 |
| Foreign companies’ premiums | 340 000 | 354 222 | 345 545 | 365 034 | 486 000 |
| Total turnover * | 12 610 000 | 14 439 946 | 15 516 431 | 16 494 450 | 17 414 000 |
| Shareholders' equity ** | 17 998 000 | 18 756 000 | 18 075 000 | 18 294 000 | 19 955 000 |
| Net result | 1 692 000 | 1 020 007 | 1 244 378 | 509 901 | 649 000 |
| Return on equity (ROE) | 9.2% | 5.3% | 6.5% | 2.7% | 3.3% |
| Loss ratio | 66.8% | 76.1% | 69.5% | 70.4% | 77.5% |
| Management expenses ratio | 30.7% | 29.0% | 33.0% | 33.3% | 30.4% |
| Combined ratio | 97.5% | 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
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
Read also | Ranking of insurance companies in Qatar
