Top 5 Insurance companies in Qatar per 2020 turnover

Figures in thousands
Rank 2020Companies2020 turnover2019 turnover2019-2020 evolution *2020 shares
QARUSDQARUSD
1
Qatar Insurance Company **
1 198 829326 6571 096 127300 4819.37%22.50%
2
Doha Insurance QSC
902 741245 979655 913179 80537.63%16.94%
3
Qatar General Insurance
579 250157 834695 125190 555-16.67%10.87%
4
Islamic Insurance QIIC
400 639109 166405 428111 140-1.18%7.52%
5
Damaan Insurance "BEEMA"
326 17188 875339 19592 984-3.84%6.12%
Total of the top 5 companies3 407 630928 5113 191 788874 9656.76%63.95%
Rest of the market ***1 921 201523 4891 329 836364 54844.47%36.05%
Grand total5 328 8311 452 0004 521 6241 239 51318%100%

* Evolution in local currency
** Local market premiums
*** 9 companies
Sources: Sigma and company reports
Exchange rate as at 31/12/2020: 1 QAR = 0.27248 USD ; 31/12/2019: 1 QAR = 0.27413 USD

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