Qatar Insurance Co is one of several Qatari companies to participate in the Qatar-Singapore Joint Innovation Challenge (QSJIC), announced the Qatar Research, Development, and Innovation (QRDI) Council and Enterprise Singapore (EnterpriseSG).
AlKhaleej Takaful Insurance, a listed Qatari-based company and Cigna Healthcare, a global health insurance provider, have formed a strategic partnership to deliver health insurance solutions in Qatar.
The Qatar Chamber's (QC) Insurance Committee has two technical teams, one specialising in legal and services, and another specialising in the financial and IT fields.
The Qatar Central Bank (QCB) has announced that it aims to regulate insurance policy price comparison sites service providers in the country.
The Ministry of Public Health is implementing many different solutions revolving around health insurance data management, including the national health information exchange known as the "Qatar Health Information Exchange Platform" and the Qatar Pharmaceutical Track and Trace System.
The Ministry of Labour (MoL) completed in August 2023 the first phase of a practical training programme in insurance for Qataris, as well as those with Qatari mothers, as part of efforts to localise jobs in the private sector.
Qatar Central Bank (QCB) has called on companies that are willing to work in providing digital insurance comparison services to apply for the required license from the bank.
Qatar Insurance Company (QIC Group, QIC), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported net profits of QAR325m ($89.3m) for the first half of 2023, surging by 181% from the corresponding half in 2022.
Qatar's takaful sector remained the GCC's most profitable market, with insurers reporting an average combined loss and expense ratio of lower than 80% in 2022.
Listed insurers in Qatar posted a 56% jump in combined profits to QAR385m ($106m) for the first quarter of the year from QAR247m for the corresponding quarter in 2022, according to an analysis by Badri Management Consulting, an international company offering actuarial, strategic and technology consulting services.