BMI View: The prospects for Qatar's insurance sector have been overshadowed by the mid-2017imposition of economic and political sanctions. It remains to be seen what will be the ultimate impact.However, it is likely that there will be a negative impact on the insurance sector over the coming two years.To the extent that sanctions reduce demand for expatriate labour, they will reduce demand for the savingsand protection products that wealthier expatriates (and their employers) buy. In any event, the growth ofthe non-life segment as a whole has been, and will continue to be, constrained by competition in the motorvehicle sub-sector.
Latest Updates And Developments:
As of late 2017, it is not clear what will be the final impact of the imposition of political and economicsanctions against Qatar by several Middle Eastern countries. It is likely that we will be revising ourforecasts of premiums downwards in coming months.