Qatar: Investment gains drive QIC's profitability

Published on January 2, 2024
The underwriting results of Qatar Insurance Company (QIC) have been unprofitable and volatile in recent years, with a five-year (2018-2022) weighted average combined ratio (including discontinued
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Kuwait: Fairfax becomes majority shareholder of GIG on completion of purchase of stake

January 2, 2024
Kuwait Projects Company (Holding) (KIPCO) officially transferred on 26 December 2023 its 46.32% shareholding in Gulf Insurance Group (GIG) to Toronto-headquartered Fairfax Financial Holdings, in line

Egypt: Regulator requires insurers to adhere to insurance pricing rules

January 2, 2024
The Financial Regulatory Authority (FRA) has issued a decision requiring insurance companies and cooperative insurance societies to comply with insurance pricing requirements, to enhance the