Al Khaleej Takaful Insurance Company Q.P.S.C. (AKHI) Earnings Call Transcript & Summary

[Foreign Language]

If there is any question on the financial statements or on the figures in front of you, we are happy to reply.

This is [indiscernible] from [ Orion ] Investment. I have a couple of questions, but let me just start with the first one. Could you give us some color in terms of the -- what trends are you seeing for each of your insurance segment? And in terms of pricing, volume as well as claims, how -- what are the trends like in the first half? And what do you see in the second half?

I think if I understand your question, you are asking about the trends of our of our premium and claims and what?

And volume, pricing and volume.

Pricing and volume. Yes, please, please.

If you can start with medical insurance and followed by general accidents and also motor, please.

To be honest with you, the technical side, the pricing of the motor, of the medical and general and the accident, please.

As Mr. -- what's your name again, sorry?

[indiscernible]

Yes. Well, as you know, most of the main clients of the insurance companies, usually, they do their insurance in the beginning of the year. Most of it comes in the first quarter. In terms of volume, we expect -- I mean, as you know, with the current events and all to be affected, but not as much as we thought of because of the reasons I told you, most of the booking volume is on the Q1. In terms of claims and the effect of the closure of Hormuz and the inflation and so it's like we don't -- we did not -- it was not affected during the first half. How would it be affected in the second half? This is a question that -- I mean, we wish to have someone who can answer this correctly.

But -- are you exposed to the claims [indiscernible].

No, no. Not at all. For one reason, it's because we don't finance -- I mean, we don't insurance -- we don't insure wars and war damages, neither our reinsurance.

Okay. Sounds good. And what about...

To answer you in a way where you, like, give you a good answer is basically if you are worried about damages of the -- with the -- like, regarding the circumstances, there will be none. The only effect that we might -- as an insurance company, ourselves or our competitors would be the effect of inflation if it catches up. The only risk that we see for this year at least.

Sorry, could you repeat what is the risk, the second part that you are saying?

I'm saying, like, the risk that we are -- we might face as an insurance company in Qatar today would be restricted to inflation.

Okay, inflation. All right.

In terms of, like, the availability of parts and how are they affected by the extra shipping routes that they're taking. And so forth. Other than that, for 2026, I think everything might remain -- yes, we expect it to remain the same until the end of the year.

Okay. Are you seeing any challenges in terms of pricing, in terms of competition? How is competition like?