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