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.
S&P Global Ratings (S&P) has revised its outlook on Doha Insurance Group (DIG) to 'Positive' from 'Stable'. At the same time, the global credit rating agency affirmed its 'A-' insurer financial strength and long-term issuer credit ratings for the company.
The Investment Promotion Agency Qatar (Invest Qatar) has officially launched a $1bn incentive programme, aimed at strengthening Qatar's position as a leading global business hub.
Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, yesterday inaugurated the fourth edition of the MENA InsurTech Summit alongside the inaugural MENA FinTech Summit at the Qatar National Convention Centre.
Qatar's seven listed insurers have reported a combined net profit of QAR424m ($116.5m) for the first quarter of 2025 against QAR382m for the corresponding period of the previous year, according to corporate disclosures lodged with the Qatar Stock Exchange.
The board of Qatar Insurance Company (QIC), the market leader in Qatar and the MENA region, has approved the establishment of a branch in Saudi Arabia, the insurer said in a statement filed with the Qatar Stock Exchange.
Qatar Central Bank (QCB) has launched the Sustainable Finance Framework, in line with the Third Financial Sector Strategic Plan and the Environmental, Social and Corporate Governance (ESG) and Sustainability Strategy for the Financial Sector.
Qatar Insurance Co (QIC) is projected to see modest top-line growth of about 3% per year in 2025 and 2026 as the company continues to consolidate its business, says S&P Global Ratings (S&P).