By Bassam Hussein
description
Transcript of By Bassam Hussein
Doha Insurance Company
By Bassam Hussein
INSURANCE IN QATARAN OVERVIEW
INSURANCE MARKET Client
Retro Co’s
Reinsurance Co’s
Insurance Co’s
Insurance Brokers /Consultant
Reinsurance Brokers
Cover
Price
Limits Market
Forces
catastrophe
s
competition
Financial Crises
Comm/Fee
Brokers
Ignorance
QATARI INSURANCE MARKET
Premium2006 2011
$ 550 M $ 1.25 B
– Energy related construction and operational.
– Qatar Airways .
– Infrastructure .
– Qatar Foundation .
These figures were achieved despite a less than 1% insurance
penetration .
– With the introduction of Takafull Insurance , Life and
medical we should see a rise in the insurance penetration .
– Qatar Railways .
– FIFA World Cup 2022 .
– National Health Scheme .
DIVIDEND DISTRIBUTION INSURANCE SECTOR
YEAR DOHI QATI QGRI AKHI QISI
2005 2.00 QR 5.00 QR50% Stock Div
3.00 QR 33.3% Stock
Div
100% Stock Div
1.5 QR100% Stock
2006 2.5 QR 10.00 QR 2.00 QR20% Stock 3.00 QR 50% Stock
Dividend
2007 3.00 QR QR 10.00 2.5 QR 50% Stock Div
2.00 QR 40% Stock Div 3.5 QR
2008 2.5 QR 3.00 QR75% Stock Div
3.00 QR25% Stock Div 3.00 QR 3.00 QR
2009 2.5 QR 5.00 QR 2.5 QR25% Stock Div 3.00 QR 2.5 QR
2010 2.5 QR 6.5 QR 1.5 QR40% Stock Div 3.00 QR 2.7 QR
*201130% Stock
Div4.00 QR
20% Stock Div1.3 QR
12% Stock Div 3.00 QR 3.00 QR
* DIC decided to increase the capital to meet core business growth requirements .
CASH DIVIDEND YIELD INSURANCE SECTOR
Year DOHI QATI QGRI AKHI QISI
2005 3% 2% 1% Ø 0.70%
2006 7.20% 8.80% 1.20% 3.65% 1.70%
2007 5.10% 1.20% 2.40% 1.95% 4.20%
2008 11.50% 3.30% 2.60% 7.90% 8.10%
2009 11.30% 8.05% 4.30% 7.90% 7.75%
2010 8.50% 5.92% 2.93% 6.13% 4.92%
2011 8.47% 8.35% 2% 6.64% 4.54%
– The cash dividend yield is much higher than local
deposit rates. In 2011, DIC distributed stock
dividends of 3 free shares for every 10 shares held
by an investor, which gave investors the choice of
reselling the new unrestricted shares, or stay fully
invested with us, which fell well with investors.
(AWRIS)ARAB WAR RISKS INSURANCE SYNDICATE
Established in 1980 with 27 members and a premium pot of $2M .
Covers marine Hull/ Cargo War Risks, and Aviation Hull War Risks .
Now we have 177 members with a premium pot of $120M after giving 20% profit every year to members .
Cover now extends to include :– Property sabotage and terrorism .– Political violence .– Land transit war risks .
Political Violence Original cover was given for :
– Strike, Riots and Civil Commotions (SRCC)– Malicious Damage .
Main exclusions, – Civil commotions turning into popular rising .– War and Terrorism .
Current cover :1. SRCC.2. Sabotage .3. Terrorism .4. Malicious Damage .5. Revolution or rebellion .6. Mutiny and / or coup d'état .7. War and / or civil war .
PV 7 Wording