latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/am-best-revises-outlooks-to-negative-for-qatar-general-insurance-reinsurance-company-qpsc-57128786 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

AM Best Revises Outlooks to Negative for Qatar General Insurance & Reinsurance Company QPSC

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

2018 US Property Casualty Insurance Market Report


Fintech Funding Flows To Insurtech In February

Lemonade Growing Premiums Faster Than Esurance's Homeowners Business Did

AM Best Revises Outlooks to Negative for Qatar General Insurance & Reinsurance Company QPSC

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Qatar General Insurance & Reinsurance Co. QPSC(QGIRC) (Qatar).

The Credit Ratings (ratings) reflect QGIRC’s balance sheet strength, which AM Best categorises as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

The revised outlooks reflect the decline in QGIRC’s operating performance, which has placed pressure on AM Best’s current assessment of strong. In recent years, and particularly in 2019, the group’s technical and operating earnings have experienced deterioration, falling below historical averages and regional peers. QGIRC’s earnings have demonstrated its vulnerability to Qatari real estate markets, with notable volatility driven by adverse fair value movements. The group has implemented initiatives to improve its operating performance; however, a level of execution risk still exists and is encumbered further by the group’s strategic expansion into selected global reinsurance markets.