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).
Qatar-based Seib Insurance and Reinsurance Co (Seib) has been gradually increasing its net shareholders' equity over the past few years, notes S&P Global Ratings (S&P) as it revises the outlook on the company to 'Positive' from 'Stable'.
Qatar Insurance (QIC), one of the largest insurance companies in the MENA region, has reported a net profit attributable to shareholders of QAR791m ($217.3m) for the financial year 2025, rising by 9% from QAR725m in 2024.
Qatar-listed takaful operator Damaan Islamic Insurance Company (Beema) has maintained strong profitability in 2025, with shareholders' net profit rising 12.9% to QAR95.6m ($26.0m), 12.9% higher compared with QAR84.6m in 2024.
The Dubai Financial Services Authority (DFSA), the independent financial services and markets regulator of Dubai International Financial Centre (DIFC), has imposed a fine of $455,176 on reinsurance brokerage Ed Broking (MENA) for a number of contraventions of DFSA legislation, including engaging in misleading and deceptive conduct.