Qatar: The market surpassed the bar of 2 billion USD in premiums

The Qatari market has posted 2 billion USD of turnover in 2015. The annual average growth rate has been of 11% since 2007. Despite the economic context characterized by uncertainty, local insurance should be able to withstand the difficult situation expected in the coming years.

According to MENA 2016 Insurance Barometer, 61% of corporate leaders are expecting market growth above that of GDP. In addition, the low insurance penetration rate, 1% of GDP, paves the way for substantial growth potential.