Doha Insurance Company
Client Retro Co’s Reinsurance Co’s Insurance Co’s Insurance Brokers /Consultant Reinsurance Brokers
Cover Price Limits Market Forces catastrophes competition Financial Crises Comm/Fee Brokers Ignorance
Premium $ 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 – National Health Scheme.
* DIC decided to increase the capital to meet core business growth requirements.
–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.
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.
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