Browsing: Underwriting

Sub-head: Gross Written Premium grew 9% to QR 8.5 billion and investment income rose 5.6% to QR 749 million, including a one-off gain on the sale of 13.75% of the QIC’s shareholding in Beema, with investment income broadly stable excluding the gain. Net profit was broadly in line with the prior-year period, with the year-on-year percentage decline narrowing through the third quarter, while the insurance service result reflected conflict-related claims and reserving. QIC’s capital and…

Qatar Insurance (QIC), the leading insurer in Qatar and one of the largest across the Middle East and North Africa (MENA), today announced the strengthening of its partnership by investing in Africa Specialty Risks (ASR), the Africa & developing markets focused specialist (re)insurance group. The investment builds upon a successful partnership between QIC and ASR, during which QIC has been a reinsurance capacity provider across ASR’s portfolio, providing Funds at Lloyd’s (FAL) to ASR…

Sub-head: Insurance revenue rose 15% to QAR 4.8 billion, Gross Written Premium grew 4.3% to QAR 5.9 billion, and investment income rose 2.8 % to QAR 477 million, holding Group profitability broadly steady while the insurance service result reflected conflict-related claims and reserving. The Group’s Capital and balance sheet strength remained strong. Financial highlights: H1 2026 (six months ended 30 June 2026) ● Insurance revenue: QAR 4.8 billion, up 15 % year on year