Qatari takaful companies posted profits attributable to shareholders of QAR335m ($92m) in 2025, representing a growth rate of 2.7% compared with 2024, according to Bait Al Mashura Financial Consultations Company.
Qatari Islamic Insurance Group (QIIG) has obtained obtained a licence from the authorities of the International Financial Services Centre in Gift City in Gujarat City to open a branch in India.
Qatar Insurance (QIC), the leading insurer in Qatar and one of the largest across the Middle East and North Africa, has announced that it delivered resilient net profit of QAR365m ($100m) in 1H2026, absorbing the impact of the regional geopolitical conflict as revenue growth and higher investment income underpin the result.
Qatar Insurance's (QIC) insurance service result for the first half of the year reflected the escalation of the conflict involving the US and Iran, one of the most significant events for the insurance market in the period.
Profitability in the insurance industry in Qatar remained strong and sustainable in 2025, according to the Qatar Central Bank (QCB) in its annual Financial Stability Report released last month.
The total population of the Gulf Cooperation Council (GCC) countries is estimated at 62.8m in 2025, with an average annual growth of 3.5%, according to the GCC Statistical Centre (GCC-Stat). GCC states accounted for around 0.8% of the world's population.
Qatar's central bank has issued the country's first licence for an insurance policy price comparison website, marking a further step in its efforts to expand the FinTech sector.
SACE, the Italian export credit agency, owned by the Ministry of Economy and Finance, and Qatar Development Bank (QDB) have signed a reciprocal reinsurance agreement to support export credit transactions involving Italian and Qatari suppliers in international markets.
The operating performance of Damaan Islamic Insurance Company 'BEEMA' (Beema) is strong, as it has consistently reported robust technical performance, according to AM Best. The global credit rating agency expects profitability to moderate over the medium term as the company expands, but to remain strong.
The operating performance of Qatar Islamic Insurance Group (QIIG) is strong, says AM Best, which expects profitability to remain broadly consistent with 2025 results over the medium term, supported by strong underwriting profitability and moderate investment returns.