Qatar insurance market: main highlights 2015-2019
In thousands USD
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
National companies’ premiums | - | 3 366 643 | 3 841 036 | 4 165 167 | 4 421 557 |
Foreign companies’ premiums | - | 93 289 | 96 593 | 94 869 | 100 067 |
Total turnover * | 3 094 007 | 3 459 932 | 3 937 629 | 4 260 036 | 4 521 624 |
Shareholders' equity ** | 4 207 278 | 4 938 291 | 5 114 574 | 4 962 491 | 5 014 934 |
Net result | 672 407 | 464 251 | 278 146 | 341 644 | 139 779 |
Loss ratio | 66.40% | 66.80% | 76.10% | 69.50% | 70.40% |
Management expenses ratio | 31.10% | 30.70% | 29.00% | 33.00% | 33.30% |
Combined ratio | 97.50% | 97.50% | 105.10% | 102.50% | 103.70% |
* National companies’ premiums + foreign companies’ premiums
** National companies only
Qatari insurance market: evolution of premiums, shareholders’ equity and net result
Source : Qatar Central Bank, Financial Stability Review 2019
Exchange rate as 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; at 31/12/2015 : 1 QAR = 0.27434 USD
Read also | Ranking of insurance companies in Qatar
