Qatar Insurance Tenders

The Qatari insurance market is a relatively small but growing market, with a total gross written premium (GWP) of approximately QAR 10 billion (USD 2.7 billion) in 2022.
The market is expected to grow at a CAGR of 4.5% from 2023 to 2027, driven by factors such as increasing disposable income, rising insurance awareness, and mandatory health insurance for expatriates.
The Qatari insurance market is dominated by local insurers, but there is a growing presence of international insurers in the market.

The Qatari government is a major procurer of insurance products and services, with an estimated annual spend of over QAR 1 billion (USD 270 million).
The government procures a wide range of insurance products and services, including property and casualty insurance, health insurance, life insurance, and reinsurance.
The government's procurement process is governed by the Tendering and Purchasing Law, which requires open and competitive bidding for all government contracts.

The Qatari government procures a wide range of insurance products and services, including:
Property and casualty insurance: This covers government assets against physical damage and loss, as well as third-party liability.
Health insurance: This covers government employees and their dependents for medical expenses.
Life insurance: This provides death and disability benefits to government employees.
Reinsurance: This helps government insurers manage their risk by transferring a portion of their risk to other insurers.

The Qatari government's main procurement authority is the General Tendering and Purchasing Committee (GTPPC).
The GTPPC is responsible for overseeing the government's procurement process and ensuring that all government contracts are awarded in a fair and transparent manner.
Other authorities involved in the government's insurance procurement process include the Ministry of Finance, the Ministry of Health, and the Qatar Central Bank.

The top winners of Qatar insurance procurement contracts include:
Qatar Insurance Company (QIC): QIC is the largest insurer in Qatar and a leading provider of insurance products and services to the Qatari government.
Doha Insurance Group (DIG): DIG is a leading insurance group in Qatar and a major provider of insurance products and services to the Qatari government.
Al Khaleej Takaful Insurance: Al Khaleej Takaful Insurance is a leading Islamic insurance provider in Qatar and a major provider of insurance products and services to the Qatari government.

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