Page 37 - Turkinsurance Digital Magazine
P. 37

37







                                     Premiums as a % of GDP (penetration)












                                   2
        1,54                                              1,61                     1,61

                                                                                                            0,69


        2015                     2016                     2017                     2018                     2019




        According to Sigma Report announced by Swiss Re, Qatar’s to-  1.326 million dollars production in non-life insurance
        tal premium production in 2019 is 5.035 million USD. While
        total premium production of the country is 3,038 million USD in  When non-life insurance premium production is considered,
        2018, 2,941 million USD in 2017, 2,935 million USD in 2016,  total production in 2019 is 1.326 million USD and 1.335 mil-
        it is seen that total premium production reached 2,833 million  lion USD in 2018.
        USD in 2015, 2,183 million USD in 2014, and 1,471 million
        USD in 2013.                                           Qatar has reached an insurance volume of 1.383 million dol-
                                                               lars in 2019 in non-life branches.
        Insurance premium per capita is 489 USD
                                                               When nominal changes of the volume are considered, the nom-
        According to the information in the report, in Qatar, insurance  inal change ratio in 2019 is -0.7%. While this ratio was 3.3%
        premium per capita per year is 696 USD in 2012, 697 USD in  in 2018, it was -20% in 2017. Insurance share in the world
        2013, 4,979 USD in 2014, 1,268 USD in 2015, 1,288 USD in  market in 2019 is 0.02%.
        2016, and 1,139 USD in 2017. In 2019, the insurance premium
        per capita is 489 USD. While this amount is 20 USD in the life  While total premium production in life branch is 208 mil-
        branch, it is 469 USD in the non-life branch.          lion Qatar riyal, this amount was 209 million Qatar Riyal in
                                                               2018. While this volume in this area was 14.6% in 2018, it
        While  insurance  penetration  to  total  GDP  ratio  is  0.72%  in  decreased to 0.2% in 2019. When 2019 data is considered in
        2019, this number is 0.03% in the life branch and 0.69% in the  USD, total life insurance premium production is 57 million
        non-life branch.                                       USD.






                                      Density (premiums per capita in USD)

      1400          1268                1288
                                                            1139               1139
      1200
      1000

       800
       600                                                                                          469
       400
       200

         0
                    2015                2016                2017               2018                2019
   32   33   34   35   36   37   38   39   40   41   42