Insurance

Faced with the changes associated with technological innovation, the global transition towards renewable energy and increasingly unpredictable weather patterns, the dynamics of the global insurance industry are shifting. While Qatar’s insurance market is growing, certain segments remain underdeveloped. The sector has traditionally been hindered by low insurance penetration and therefore has significant room for growth. Insurance products are becoming more popular due to several factors, including growing awareness about the benefits of insurance, the introduction of additional mandatory lines of coverage, a burgeoning financial technology ecosystem that makes products more affordable and accessible, the likelihood of increased inbound tourism and ongoing infrastructure development.