Qatar – QR 11.8 billion insurance premiums in 2016
Thursday, 03 30 2017, Category: Insurance and Reinsurance, Country: Qatar
The total insurance premiums written by national insurance, reinsurance, Takaful, and ReTakaful companies listed in the stock exchange reached approximately QR 11.8 billion in year 2016 compared to around QR 10 billion written in year 2015, which represent a 16% increase according to the calculations made by “Lusail” based on the financial statements of last year.
“Qatar Insurance” came in the first position at the level of total premiums since it grew from QR 8.3 billion to around QR 9.9 billion last year with a 19.2% growth rate. Therefore, Qatar insurance has a market share of 83.9% of total insurance and reinsurance premiums in Qatar last year.