Doha – Mubasher: Moody's Investors Service expected the Qatari insurance market to maintain its growth, supported by a number of factors helping to stand against the impact of the falling oil prices.
Qatar came third in the list of the fastest growing insurance markets in the Gulf Cooperation Council (GCC) countries with an annual growth rate of 21% over the past ten years, according to the report.
"We expect the strong competition to ease off somewhat over the next few years thanks to the opportunities for growth in the market driven by the infrastructure projects catering to the 2022 FIFA World Cup,” Moody's assistant vice president and analyst, Mohammed Ali Londe, said.
Earlier on Friday, Moody’s placed Qatar's Aa2 credit ratings on review for downgrade.
