Insurance News ME

Qatar and Bahrain to set up joint bank

As part of a string of key joint venture projects between Qatar and Bahrain, the chambers of commerce in the two countries will set up a joint bank shortly, said Dr Essam Fakhroo, Chairman of Bahrain Chamber of Commerce and Industry (BCCI).

QIIC plans separate medical insurance department

Doha • The Qatar Islamic Insurance Company (QIIC), the country's lone Islamic insurer, has announced plans to set up a dedicated medical insurance department.

MENA insurance sector must embrace new opportunities

The insurance sector across the MENA region must overcome numerous challenges if it is to realise its potential. The number of insurance companies in the MENA region, about 350 in total, combined with the fragmented nature of the industry also makes it ripe for consolidation - if the regulations permitted it, a panel of speakers said on the third day of the World Insurance Forum (WIF) being held at the DIFC.

Car owners face 50% insurance hike

Qatari motorists could face increases of up to 50% on third party insurance premiums, which firms say are needed to help offset losses.

Doha Bank insurance firm to get captial of $27mn

Doha Bank said on Monday a new insurance subsidiary it is setting up, called Doha Bank Assurance Company, would have 100 million Qatari riyals ($27.48 million) in paid-up capital.

AIG MEMSA insurance company limited launches in Qatar

AIG MEMSA has been granted a license to to establish a branch and operates from the Qatar Financial Centre (QFC).

Pak-Qatar insurance firms begin operations

The two newly formed insurance firms; Pak-Qatar Family Takaful Ltd and the Pak-Qatar General Takaful Ltd have already started functioning following their acquiring licences in August.

Qatar-Pakistan insurance firms elect Sheikh Ali as chairman

DOHA: The first meeting of the board of directors of the newly formed Pak-Qatar Family Takaful Company and the Pak-Qatar General Takaful Company has elected Sheikh Ali bin Abdullah al-Thani as chairman of both the companies.

OIFC sign agreement with Oman Qatar Insurance Co. SAOC for marketing insurance products

OIFC has signed an agreement with Oman Qatar Insurance Company for marketing their insurance products, as their exclusive corporate agent. 

Global Summit Explores Booming Potential in the Middle East Insurance Markets

The Global Middle East Insurance Summit in London with some 90 delegates from 19 different countries attending turned out to be an event for non-Arabs to learn about the potential and business culture in the Middle East while the Arab insurers had a chance to look closely at how they can exploit the expertise and capital in the London market.