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By Bassam Hussein

By Bassam Hussein. Insurance in Qatar an Overview. Client. Insurance Market. Insurance Brokers /Consultant. Insurance Co’s. Reinsurance Brokers. Reinsurance Co’s. Retro Co’s. Price. Cover. competition. Brokers. catastrophes. Comm /Fee. Limits. Market Forces. Financial Crises.

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By Bassam Hussein

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  1. By Bassam Hussein Insurance in Qatar an Overview

  2. Client Insurance Market Insurance Brokers /Consultant Insurance Co’s Reinsurance Brokers Reinsurance Co’s Retro Co’s

  3. Price Cover competition Brokers catastrophes Comm/Fee Limits Market Forces Financial Crises Ignorance

  4. Qatari Insurance Market • Energy related construction and operational. • Qatar Airways . • Infrastructure . • Qatar Foundation . • These figures were achieved despite a less than 1% insurance penetration . • With the introduction of Takafull Insurance , Life and medical we should see a rise in the insurance penetration . • Qatar Railways . • FIFA World Cup 2022 . • National Health Scheme .

  5. Dividend Distribution Insurance Sector * DIC decided to increase the capital to meet core business growth requirements .

  6. Cash Dividend Yield Insurance Sector • The cash dividend yield is much higher than local deposit rates. In 2011, DIC distributed stock dividends of 3 free shares for every 10 shares held by an investor, which gave investors the choice of reselling the new unrestricted shares, or stay fully invested with us, which fell well with investors.

  7. (AWRIS)Arab War Risks Insurance Syndicate • Established in 1980 with 27 members and a premium pot of $2M . • Covers marine Hull/ Cargo War Risks, and Aviation Hull War Risks . • Now we have 177 members with a premium pot of $120M after giving 20% profit every year to members . • Cover now extends to include : • Property sabotage and terrorism . • Political violence . • Land transit war risks .

  8. Political Violence Original cover was given for : • Strike, Riots and Civil Commotions (SRCC) • Malicious Damage . Main exclusions, • Civil commotions turning into popular rising . • War and Terrorism . Current cover : • SRCC. • Sabotage . • Terrorism . • Malicious Damage . • Revolution or rebellion . • Mutiny and / or coup d'état . • War and / or civil war . PV 7 Wording

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