Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East and North Africa (MENA) region, has reported a net profit of QAR360m ($99m) for the first half of 2024, rising 11% from QAR325m over the corresponding period in 2023.
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced a strategic restructuring of its UK motor business.
The Qatari non-life insurance sector has modest growth potential and should remain resilient, even if economic growth slows down, says S&P Global Ratings (S&P).
Doha-headquartered AlKhaleej Takaful Insurance Company has agreed to sell its 25% equity in Bahrain National Life Company (BNL).
QLM Life & Medical Insurance Co, the largest health insurance provider in Qatar, is expected to increase its insurance revenue by 5%-10% per year in 2024 and 2025, in the view of S&P Global Ratings (S&P).
The earnings of Qatar General Insurance & Reinsurance Company (QGIRC) have been supported by a track record of adequate underwriting profitability, with the company generally reporting positive technical results, says AM Best.
Qatar Islamic Insurance Group (QIIG) is assessed to have a strong operating performance, says AM Best. The insurer has reported robust technical performance consistently, with a five-year (2019-2023) weighted average combined ratio of 72.0%.
The insurance industry in Qatar is urged to address the changes that have taken place in the sector since the 2022 World Cup.
Qatar's listed insurance companies posted a combined net profit of QAR387.57m ($106.5m) for the first quarter of this year, according to quarterly financial statements published by the companies.
Anoud Technologies (Anoud Tech), a global InsurTech group based in Qatar, launched its UAE branch last week as part of its strategy to become the IT platform provider of choice for the insurance industry in the MENA region and beyond.