Page 33 - Turkinsurance Digital Magazine

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Premiums as a % of GDP (penetration)

2.5

2 2

1.5 1.54 1.61
1 1

0.63 0.7
0.5
0
2012 2013 2014 2015 2016 2017

as of 2018. Total premium volume was 2,941 million USD
in 2017, 2,935 million USD in 2016, 2,833 million USD in Selected indicators for Qatar
2015, 2,183 million in 2014, and 1,471 million USD in 2013.
Population 2,4 million
Premium per capita: 1,139 USD GDP Per Capita 124,100 USD

The same report indicates that premium per capita follows a Unemployment rate 8.9%
similar trend over the years, which is listed as follows: 696 GDP 166,9 billion USD
USD in 2012, 697 USD in 2013, 4,979 USD in 2014, 1,268
USD in 2015, 1,288 USD in 2016, and 1,139 USD in 2017. Inflation rate 0.4%
Qatar Insurance Company, one of the leading insurance com-
panies in Qatar and the MENA Region, announced that pre- Total premium production in 2018 3.038 millions USD
mium volume increased by 5 percent in the first quarter of
2020 on a year-on-year basis, despite the impacts of COV- Source: CIA, Swiss Re
ID-19 pandemic.

GDP, comparison by sector Density (premiums per capita in USD)

0.2% 1400 1268 1288
1200 1139
979
Agriculture 1000

800 696 697
49.5% Industry
50.3% 600
Services
400
200

0
2012 2013 2014 2015 2016 2017