QIC GROUP’S PREMIUMS GROW 14% TO USD 1.714 BILLION IN H1 2017

Financial results highlight Qatar Insurance Company (QIC) Group’s robust performance amidst regional political turbulence and unabated global (re) insurance market softening.

QIC, the leading insurance company in Qatar and the Middle-East and North African (MENA) region, recorded a growth of 14% in gross written premiums (GWP) to USD 1.714 billion in the first six months ended 30th June 2017.

 

 

This remarkable performance is against the backdrop of politically driven investment and ultra-soft underwriting environment.

QIC Group’s net profit amounted to USD 139 million for the first six months of 2017, compared with USD 165 million for the same period of 2016.

 

 

 

 

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