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FINANCIAL NEWS
Qatar’s QIIC net profit hits USD24.85m in 2014
30 Mar 2015
(MENAFN) Qatar Islamic Insurance Company (QIIC) surpassed its forecast goals for 2014 and recorded a net profit of USD24.85 million for the whole year with gross premium of USD64.7 million, The Peninsula Qatar reported.
Presently QIIC aims at achieving from 10 to 15 percent growth in its insurance premium in 2015, in spite of the difficult economic environment. QIIC relies on a growing and highly spending Qatari economy for its growth.
In addition, QIIC relies on its property insurance, marine insurance and general insurance the prime motivators for its growth in premium. “We expect 10-15 percent growth in insurance premium in current year,” QIIC Chief Executive Officer said.
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