Damaan Islamic Insurance Company (Beema) Overview
Pro stress-test →Damaan Islamic Insurance Company (Beema) provides a range of insurance products and services in Qatar, operating through five business segments: Marine and Aviation; Motor Insurance; Fire & General Accidents; Takaful and Medical insurance; and Investments. The company successfully listed on Qatar Stock Exchange's main market in January 2023.
Strategic Profile
Pro stress-test →Beema is Qatar-based and conducts operations based on co-operative insurance in accordance with Islamic Sharia Rules and Principles. The company serves both retail customers with products like motor and travel insurance, and corporate clients with group health, aviation, and marine hull insurance among others.
Competitive Landscape
Pro stress-test →Beema operates in Qatar's Islamic insurance market alongside larger regional competitors. The company derives majority contributions from motor, general accident and medical insurance products, facing competition from established national and international insurers. Regional takaful growth supports niche positioning but requires differentiation.
Industry Context
Damaan Islamic Insurance Company (Beema) operates in Islamic Insurance / Takaful.
Key facts
Founded: 2009 · Headquarters: Lusail, Qatar · Market cap: QR 860M (~$236M USD)