Doha Insurance Group GWP scales up 49% to QR859mn; net profit jumps 48% to QR60mn in H1

Doha Insurance Group GWP scales up 49% to QR859mn; net profit jumps 48% to QR60mn in H1

Doha

Doha Insurance Group has seen its gross written premium (GWP) scaling up 49% to QR859mn and net profit jumping 48% to QR60mn in the first half of the year, driven mainly by a growth in sales, claims control and diversification in terms of underwriting lines.

During the first half of the year, the Group had also seen its claims being reduced to QR104mn from QR134mn in H1, 2021.

“We always try and maintain the right balance between corporate and retail. We have proven ourselves to a lot of our strategic clients over the years that we do a very good job in servicing and addressing their needs. We don’t aim to the biggest…but we aim to be the best in terms of service,” Doha Insurance Group chief executive officer Jassim Ali al-Moftah said in an interview with Gulf Times.

“A key driver of growth is our investments in IT infrastructure. The group owns an IT company, which is based in Jordan and handles all our IT needs. And we have been very successful in attracting a lot of the retail market, with our online and App-based sales capabilities

“So we built up not only our corporate portfolio, but also managed to