The Joint War Committee (JWC), which counts syndicate members from Lloyd's in its ranks, as well as representatives from the London insurance market, has listed the waters around Bahrain, Djibouti, Kuwait, Oman and Qatar as high-risk areas, according to a JWC Circular.
The ongoing Iran-Israel military conflict that erupted on 28 February 2026 followed weeks of mounting tensions. But what began as a highly anticipated conflict has now surpassed expectations in both intensity and impact.
Al Koot Insurance & Reinsurance Co (Al Koot) will maintain its competitive position in Qatar's insurance market while it continues to grow profitably and diversify its portfolio, according to a forecast by S&P Global Ratings (S&P).
Qatar-based Seib Insurance and Reinsurance Co (Seib) has been gradually increasing its net shareholders' equity over the past few years, notes S&P Global Ratings (S&P) as it revises the outlook on the company to 'Positive' from 'Stable'.
Qatar Insurance (QIC), one of the largest insurance companies in the MENA region, has reported a net profit attributable to shareholders of QAR791m ($217.3m) for the financial year 2025, rising by 9% from QAR725m in 2024.
Qatar-listed takaful operator Damaan Islamic Insurance Company (Beema) has maintained strong profitability in 2025, with shareholders' net profit rising 12.9% to QAR95.6m ($26.0m), 12.9% higher compared with QAR84.6m in 2024.
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.