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.
The underwriting profitability of Qatar Insurance Company (QIC), among the leading insurers in the Middle East, has improved in recent years, evidenced by a net/gross combined ratio of 94.5% in the first nine months of 2025 and 95.5% in 2024, notes AM Best.
Foreign vehicles entering Qatar through the Abu Samra Border Crossing will be able to obtain motor insurance online before entering the country, speeding up the border entry process.
Growth in Qatar's takaful sector has been underpinned by trust, customer awareness, and evolving preferences, according to insights from Qatar Islamic Insurance Group Group's CEO and Group President Ali Al-Abdulaghni.
The combined net profit of 75 listed GCC insurers remained steady at $1.7bn in the first nine months of this year (9M2025), with mirroring trends from the first half of the year, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Qatar-headquartered Doha Insurance Group is preparing to set up a branch in the Saudi Arabia insurance market to engage in reinsurance business, in an expansion of reinsurance operations overseas.
Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has posted a 23% increase in net profit before Pillar II* tax for the first nine months of 2025 (9M2025).
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.