Pak-Qatar Family Takaful, a Shariah-compliant insurance company, plans to raise PKR1.1bn ($3.9m) through an initial public offering (IPO) next month, taking advantage of the Pakistan Stock Exchange's (PSX) record-breaking rally, Bloomberg reported.
Policybazaar for Business, the B2B arm of Policybazaar.com, has announced the launch of its reinsurance operations in Oman, Qatar, the UAE and Sri Lanka, taking a technology-driven reinsurance model to international markets.
Qatar's seven listed insurance companies recorded combined profits after tax of QAR763.38m ($209.78m) for the first half ended 30 June 2025, 5.76% higher than the QAR721.77m posted for the corresponding half in 2024.
While total net profit across 76 listed GCC insurers held steady at $1.2bn in 1H2025, the overall performance was weighed down by Saudi insurers, who saw profits decline by 40.3%, with only six out of 25 recording higher earnings, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Qatar Insurance Group (QIC Group, QIC, the company), the leading insurer in Qatar and the Middle East and North Africa (MENA) region, has reported a net profit of QAR383m ($105m) for the first half of 2025, a rise of 6% from QAR360m for the corresponding period in 2024.
The investment results of Qatar General Insurance & Reinsurance Company (QGIRC) have been very volatile and have more than offset generally positive underwriting results, says AM Best.
Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has achieved the prestigious (p) 'AAA' ESG rating from MSCI ESG Research-the highest possible rating under MSCI's globally recognised environmental, social, and governance (ESG) framework.
S&P Global Ratings has upgraded the long-term issuer credit and insurer financial strength ratings for Al-Khaleej Takaful Insurance Co (AKTI) to 'A-' from 'BBB+' (positive). The outlook is 'Stable'.
There is growing recognition of the importance of financial security in the workplace in the GCC, with the average age of those with income protection falling to 41 from 51 over the last three years, according to Zurich International Life Insurance Middle East, a subsidiary of Zurich Insurance Group.
Damaan Islamic Insurance Company (Beema) has shown strong operating performance, consistently reporting robust technical performance, notes AM Best.