Quantcast

Qatar

Life Report

Product Insurance Market Reports Life Rev Qatar

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice

 

  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Qatar's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Qatar's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Qatar

The Qatar life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Qatar. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Qatar and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Qatar’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Qatar is available.

Axco’s report describes the regulatory framework that applies to the Qatari domestic life insurance sector, including whether non-admitted insurance is permitted in Qatar; as well as the legislation necessary to know regarding Qatar’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Qatar with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Qatar market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

Healthcare

The report describes the public and private healthcare system in Qatar, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Pensions

Axco reports on the three pillars of Qatar's pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Qatar report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Qatar Life and Benefits Report Extract

Below are brief extracts of information from the Qatar Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

There are no meaningful statistics relating to the life insurance and family takaful insurance markets in Qatar.

Group and individual family term life takaful products are available from some companies licensed by the QCB (and operating under its regime). Conventional individual life insurance savings and protection products are available from companies authorised by the QFCRA to operate in the QFC. Qatari nationals and expatriate residents of the country can freely access regional and global markets ....

Pensions

There is still very little corporate or individual pensions business in the private sector insurance market, although Zurich International Life offers a range of personal plans for retirement.

For Qatari nationals working in the state sector, the state provides pensions, while expatriates receive a statutory end of service benefit (EOSB) based on salary and service. Although there are ongoing attempts to encourage more Qataris to work in the private sector, most (about 80%) work for the government ....

Healthcare

The government-owned health system remains heavily subsidised by the state: it is open to Qatari citizens and expatriates alike. Qatari national residents and GCC nationals can purchase a health card at a cost of QAR 50 (USD 13.74) per annum, entitling the holder to basic medical care at nominal cost in government hospitals and clinics. The same option to purchase a health card also applies to resident expatriates, although the annual cost of the card is QAR 100 (USD 27.47). All health cards can be renewed on an annual basis at the charges mentioned ....

Back to Report Store

You may also be interested in these reports...

£550

Ready to talk? We're here to help.

Whether you need more information or to discuss which products are best suited to your needs, our dedicated team are here to help.

Get in touch