Qatar Insurance's gross written premium up 19% in H1

Qatar Insurance Co. S.A.Q.'s gross written premium amounted to 3.81 billion Qatari riyals ($1.04 billion) in the first half of 2015, up 19% year on year, reported Gulf Times.

QIC's net profit decreased 9% to QAR 577.5 million ($158.5 million).

The insurer's net premium increased 29% to QAR 3.15 billion ($864.9 million) due to a 15% decrease in premium ceded to reinsurers.

QIC's net underwriting results increased over 8% in the first six months of 2015.

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