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FINANCIAL NEWS
Qatar’s Insurance premium hits USD 2bn in 2015
14 Mar 2016
(MENAFN) Qatar’s Insurance premium touched USD 2bn in 2015, recording 11 percent joint annual growth rate, which is expected to remain resilient in coming years.
Accordingly, since the start of Multaqa, market values tripled to USD 2bn, an annual increase rate of 11 percent, which is the local’s leading risk forum.
In addition, the country’s insurance market provides huge potential to grow for private sector as insurance penetration is less compared to other nations.
Insurance premium in the country accounts for only 1 percent of Qatar’s gross domestic product (GDP), whereas the global rate is 6 percent.
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