QIC profit surges on turnaround; predicts ‘softer’ market ahead

Doha-based Qatar Insurance Company (QIC), the parent company of Antares, reported robust growth in gross written premiums, leveraging on its strategy of increasing the proportion of premiums generated in domestic and Middle East and North Africa (MENA) markets. The company suggested that while the global macroeconomic environment remains volatile, there are signs that the insurance market maybe entering a “softer phase”.