Insurance

Insurers in Qatar once again showed strong financial performance in 2014, and with the supply of large projects generated by the nation’s hosting of the 2022 FIFA World Cup, the industry is well positioned to make further gains. In the meantime, a process of reform that aims to streamline the regulatory regime continues apace, with the 2012 Regulation of Financial Institutions Law establishing the Qatar Central Bank as the regulator for the entire financial services industry, including banks, financial services firms, insurers and the stock exchange. Elsewhere, the ongoing implementation of a new health insurance scheme for nationals and expatriates marks another important milestone that is likely to impact premium growth in the sector going forward.

This chapter contains an interview with Ali Saleh Al Fadala, Senior Deputy Group President and CEO, Qatar Insurance Group.