QIC Group reports QR12.2bn gross written premiums in 2020 :

 15 Feb 2021 - 8:47
The Peninsula
Doha: Qatar Insurance Group’s, the leading insurer in the MENA region, gross written premiums for the year have remained stable at QR12.20bn, compared to QR12.06bn for 2019. The Group yesterday announced its financial results for 2020. 
Following a meeting of the Board of Directors, which was presided over by Abdulla bin Khalifa Al Attiya, Deputy Chairman, the Board approved the financial results for year 2020. 
The year 2020 was one of the most challenging year for the global insurance industry. While QIC Group’s international business was impacted by global losses arising from the COVID-19 pandemic and from catastrophe losses, Mena insurance operations once again delivered an outstanding performance during the year. The COVID-19 pandemic enforced strict lockdown measures helped to maintain satisfactory performance, as motor and medical lines of business saw reduced claims activity. 

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