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FINANCIAL NEWS
Qatar’s QIC posts 14pct increase in GWP in H1
26 Jul 2017
(MENAFN) Qatar Insurance Co., the pioneering insurer in Qatar and the MENA region, posted an increase of 14 percent in gross written premiums (GWP) to QR6.24bn for the first half of this year.
Furthermore, the solid first half result shows QIC Group’s steady and systematic expansion through its global and local target markets.
As at 30 June this year, Qatar Re, Antares and QEL reached 71 percent of the Group’s whole premium volume, up from a 69 percent share a year ago.
Additionally, in its local market, Q Life and Medical Insurance Co. contributed to the Group’s performance, growing its premium income to QR694mn.
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MENAFN2607201700450000ID1095658328
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