Doha Insurance Group (DIG) has been expanding beyond its domestic market, a strategy that has rewarded the Group in terms of business growth and profitability.
Doha Insurance Group (DIG), the parent company of Doha Takaful Company, has announced that it plans to transform the takaful unit from a limited liability company wholly owned by the group to a private joint stock company.
The profitability metrics of insurers in Qatar, particularly underwriting performance and ROE, outperform those of other GCC insurers, according to S&P Global Ratings credit analyst Emir Mujkic.
Doha Insurance Group and Bupa Global have signed a strategic partnership agreement to introduce international private health insurance products and solutions to the Qatari market, said the Qatari insurer in a statement lodged with the Doha Stock Exchange.
The GCC healthcare industry is poised for strong growth driven by macro-economic factors, the expansion of mandatory health insurance and a growing and ageing population, according to UAE-based Alpen Capital, an investment banking advisory firm.
To strengthen its regional leadership and global expansion, Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has announced strategic investments in three InsurTech startups.
Corporate Risk Management Institute (CRMI), the educational arm of Chedid Capital, a leading insurance and reinsurance investment group, has been awarded Approved Professional Development Centre (APCD) accreditation by the reputed UK-headquartered Chartered Insurance Institute (CII).
Qatar General Insurance & Reinsurance Company (QGIRCO) has announced a net profit of QAR28.963m ($8m) in 2024 versus net loss QAR1.47bn in the previous year, according to the company's annual financial statement lodged with the Doha Stock Exchange. The earnings per share amounted to QAR0.033 as of 31 December 2024 against loss per share QAR1.675 for the same period in 2023, said the statement noting that the proposal of the Board of Directors is not to distribute dividends.
General Retirement & Social Insurance Authority and Qatar Credit Bureau have signed a membership agreement to facilitate the exchange of credit data and information between the two entities.
Workers' Support and Insurance Fund of Qatar since its inception in 2018 has contributed greatly to improving the working conditions and environment for workers and providing them with a decent living, within the framework of comprehensive reforms undertaken by the state in this regard.