Qatar – QR 10 billion insurance premiums in 2015
Tuesday, 01 12 2016, Category: Insurance and Reinsurance, Country: Qatar
Professionals working in the insurance sector expected total insurance premiums of the Qatari insurance market to exceed QR 10 billion during year 2015. The total insurance premiums of the five companies listed in the Qatar Stock Exchange in the first nine months of this year reached more than QR 7 billion and their profits exceeded more than QR 1 billion during the same period. It is expected that this increase in premium will translate also into an increase in profits for national companies by year-end where that the profits of the five insurance companies are expected to exceed QR 1.4 billion by year-end 2015.
These sources expected that year 2016 will witness the growth of the business of most national insurance companies with a drastic evolution during the current year after the abolition of the national health insurance company owned by the government. Therefore, private insurers will be allowed to provide different insurance coverage to citizens.
Source: Al-Sharq Portal