Accueil Ernstrade Bourse Actualite Stock

 

Qatar

Doha Insurance Company Q.S.C is a Qatari shareholding company registered an incorporated in the state of Qatar under Emiri Decree No. 30 issued on 2nd October 1999, listed on Qatar Exchange, and is engaged in the business of insurance and re-insurance.
The Company was formed in response to the need for growth in the insurance industry, warranted by unprecedented accelerated economic expansion in Qatar as well as the enactment of laws encouraging investments.
During 2006, the Company established an Islamic Takaful branch under the brand name " Doha Takaful " to carry out insurance and reinsurance activities in accordance with Islamic Sharia principles on a non-usury basis in all areas of insurance.
Despite being the newest of the five national insurance companies, Doha Insurance’s development is seen as rapid. Its 2013 Gross Written Premium was QR 517 million (US$ 142 million) which is more than 1.50 times the 2009 figures. The Gross Written Premium has witnessed an average growth of more than 12.50% per annum over the past four years.
Supported by highly motivated and well qualified team, Doha Insurance is now poised to play a major role in the Regional and Arab insurance industry.
Doha Insurance Co. Ratings
On 14 July, 2014, Standard & Poor’s Rating Services raised the insurer financial strength and counterparty credit ratings on Doha Insurance Co. to  ‘A-‘; Outlook Stable.
On 26 August, 2014, A. M. Best has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating to Doha Insurance Co. The Outlook assigned to both ratings is Stable.



http://www.dicqatar.com




 

Copyright   2017 Ernstrade.com