Sep 07 2011
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Prospects dim for Qatari Takaful
According to reports, total profits for the whole market only grew by 2% in the first half of 2011, compared to a 9% rise in 2010 in the same period.
The report, which includes Qatar Islamic Insurance and al Khaleej Takaful, as well as conventional firms, Qatar General Insurance & Reinsurance, Qatar Insurance and Doha Insurance, was aggregated by Qatar Exchange .
Reinsurance premium yielding has risen by 8% for Qatar's insurance companies in 2011, with three companies actually yielding more than 55% of total written premiums to reinsurers.
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