Magazine date:
Nov 2013 The Qatari insurance market is the third largest market in the Gulf. According to Moody’s, the average annual growth rate has reached 17.9% over the past six years. Despite this dynamism, penetration rate has not exceeded 0.6% of GDP, leaving a substantial margin of growth.
The market is dominated by five companies: Qatar Insurance, Qatar General Insurance and Reinsurance, Doha Insurance, Al Khaleej Takaful and Qatar Islamic Insurance. Qatar Insurance controls 54% of the market.