Qatari insurers' profit rises 22%

Posted On: Jul. 30, 2019 5:38 AM CST

The Qatar Central Bank said that insurers' net profit grew 22% year over year to 1.2 billion Qatari riyals ($330 million) in 2018, Middle East Insurance Review reported. Gross written premiums grew 7.5% to QAR 15.5 billion compared with 14.5% in 2017. Local insurers contributed QAR 15.2 billion while foreign insurers' premiums totaled $300 million.