Qatar Insurance (QIC), the leading insurer in Qatar and the Middle East and North Africa (MENA) region, has reported a net profit of QAR217m ($59.6m) for the first quarter of 2026, an increase of 6% from QAR205m for the corresponding quarter in 2025.
While conflicts such as the ongoing Iran-Israel-US war present clear risks, they may also give rise to emerging opportunities, says global professional services provider KPMG.
Allianz Partners, a world leader in insurance and assistance services, has announced a new strategic reinsurance relationship with Al Koot Insurance, Qatar's leading medical insurance provider.
The combined profits in the insurance sector listed on the Qatar Stock Exchange rose by 15.84% to QAR1.5bn ($411m) in 2025 from QAR1.3bn in 2024, according to financial data filed by the companies with the bourse.
The tensions in the Middle East region have escalated significantly in recent weeks and it is too early to assess the potential impact of the conflict on the business of Qatar Insurance Co (QIC), says S&P Global Ratings (S&P).
Al Khaleej Takaful Insurance Company's (AKTI) operating performance as strong with the company reporting robust underwriting performance consistently, with a five-year (2020-2024) weighted average combined ratio (including short-term life results) of 83%, notes AM Best.
Global trade credit insurance company, Atradius, says that Qatar is the country among the six GCC states that is most exposed to the on-going military escalation in the Middle East.
The Joint War Committee (JWC), which counts syndicate members from Lloyd's in its ranks, as well as representatives from the London insurance market, has listed the waters around Bahrain, Djibouti, Kuwait, Oman and Qatar as high-risk areas, according to a JWC Circular.
The ongoing Iran-Israel military conflict that erupted on 28 February 2026 followed weeks of mounting tensions. But what began as a highly anticipated conflict has now surpassed expectations in both intensity and impact.
Al Koot Insurance & Reinsurance Co (Al Koot) will maintain its competitive position in Qatar's insurance market while it continues to grow profitably and diversify its portfolio, according to a forecast by S&P Global Ratings (S&P).