# UAE Qatar Insurance Company > Qatar insurance company's Latest News, Articles and Activities.... --- ## Pages - [Locations](https://qicuae.com/locations/) - [About](https://qicuae.com/about-2/) - [UNDER MAINTENANCE](https://qicuae.com/under-maintenance/) - [Privacy Policy](https://qicuae.com/privacy-policy/) - [Sitemap](https://qicuae.com/sitemap/) - [Map](https://qicuae.com/map/) - [Homepage](https://qicuae.com/) - [Welcome to Qatar Insurance Company – UAE](https://qicuae.com/about/) - [Group Vision & Statement of Values](https://qicuae.com/about/vision/) - [Heritage](https://qicuae.com/about/heritage/) - [Board of Directors](https://qicuae.com/about/board-of-directors/) - [QIC Group Management](https://qicuae.com/about/qic-group-management/) - [QIC UAE Management](https://qicuae.com/about/qic-uae-management/) - [Corporate Governance](https://qicuae.com/about/corporate-governance/) - [CSR](https://qicuae.com/about/csr/) - [Personal Insurance](https://qicuae.com/personal-insurance/) - [Home Insurance](https://qicuae.com/personal-insurance/home-insurance/) - [Why QIC?](https://qicuae.com/personal-insurance/why-qic/) - [FAQs](https://qicuae.com/personal-insurance/faqs/) - [Claims](https://qicuae.com/personal-insurance/claims/) - [Business Insurance](https://qicuae.com/business-insurance/) - [Press Releases](https://qicuae.com/press-releases/) - [Publications](https://qicuae.com/publications/) - [Videos](https://qicuae.com/videos/) - [Why Join QIC UAE?](https://qicuae.com/why-join-qic/) - [Emiratisation](https://qicuae.com/qatarisation/) - [Current Openings](https://qicuae.com/current-openings/) - [Branch Locator](https://qicuae.com/branch-locator/) - [Head Office](https://qicuae.com/head-office/) - [Customer Care](https://qicuae.com/customer-care/) --- ## Posts - [QIC Wins Customer Experience Initiative of the Year Title at Insurance Asia Awards](https://qicuae.com/qic-wins-customer-experience-initiative-of-the-year-title-at-insurance-asia-awards/) - [Qatar Insurance Group Earns MSCI’s Highest ESG Rating, Cementing Its Leadership in Regional and Global Sustainability](https://qicuae.com/qatar-insurance-group-earns-mscis-highest-esg-rating-cementing-its-leadership-in-regional-and-global-sustainability/) - [QIC Blog Launches Summer Themed Travel Advisory Series](https://qicuae.com/qic-blog-launches-summer-themed-travel-advisory-series/) - [QIC Opens New Car Insurance Outlets at Fahes Centers](https://qicuae.com/qic-opens-new-car-insurance-outlets-at-fahes-centers/) - [Qatar Insurance Group Recognized at Google Cloud Summit Doha 2025 for Driving Innovation in the Financial Industry](https://qicuae.com/qatar-insurance-group-recognized-at-google-cloud-summit-doha-2025-for-driving-innovation-in-the-financial-industry/) - [QIC Launches New Personal Cyber Insurance Coverage](https://qicuae.com/qic-launches-new-personal-cyber-insurance-coverage/) - [Doha Emerges as a Global Epicenter for Fintech and Insurtech Innovation as MENA Summits 2025 Conclude with Resounding Success](https://qicuae.com/doha-emerges-as-a-global-epicenter-for-fintech-and-insurtech-innovation-as-mena-summits-2025-conclude-with-resounding-success/) - [QIC Group Launches Dual MENA Insurtech and Fintech Summits in Doha Advancing Qatar’s Digital Vision](https://qicuae.com/qic-group-launches-dual-mena-insurtech-and-fintech-summits-in-doha-advancing-qatars-digital-vision/) - [QIC Group Unites MENA Insurtech and Fintech Ecosystems Under One Strategic Platform in Doha](https://qicuae.com/qic-group-unites-mena-insurtech-and-fintech-ecosystems-under-one-strategic-platform-in-doha/) - [QIC Launches “Coins” Loyalty Rewards Program](https://qicuae.com/qic-launches-coins-loyalty-rewards-program/) - [QIC Group Reports Robust Net Profits of QAR 205 million for Q1 2025](https://qicuae.com/qic-group-reports-robust-net-profits-of-qar-205-million-for-q1-2025/) - [QIC App Wins “The Innovators” Award by Global Finance](https://qicuae.com/qic-app-wins-the-innovators-award-by-global-finance/) - [QIC Expects Eid Travel Surge as More Travelers Secure Insurance](https://qicuae.com/qic-expects-eid-travel-surge-as-more-travelers-secure-insurance/) - [QIC Group Recognizes Longstanding Employees at Annual Service Awards Ceremony](https://qicuae.com/qic-group-recognizes-longstanding-employees-at-annual-service-awards-ceremony/) - [Oman Qatar Insurance Company Celebrates 20 Years of Excellence](https://qicuae.com/oman-qatar-insurance-company-celebrates-20-years-of-excellence/) - [QIC and Alfardan Automotive Sign MoU To Elevate Digital Customer Journeys](https://qicuae.com/qic-and-alfardan-automotive-sign-mou-to-elevate-digital-customer-journeys/) - [QIC Group holds its Annual General Assembly Meeting](https://qicuae.com/qic-group-holds-its-annual-general-assembly-meeting/) - [QIC Group Pavilion Attracts Global Tech Community at Web Summit](https://qicuae.com/qic-group-pavilion-attracts-global-tech-community-at-web-summit/) - [QIC Group Showcases the Future of the Insurance Industry at the Web Summit](https://qicuae.com/qic-group-showcases-the-future-of-the-insurance-industry-at-the-web-summit/) - [Qatar Insurance Group: Strategic Investments & Partnerships Paving the Way for greater Regional Expansion](https://qicuae.com/qatar-insurance-group-strategic-investments-partnerships-paving-the-way-for-greater-regional-expansion/) - [QIC Group reports a 19% rise in Net Profits to QAR 735 million for the year 2024](https://qicuae.com/qic-group-reports-a-19-rise-in-net-profits-to-qar-735-million-for-the-year-2024/) - [For the 4th consecutive year at the prestigious MENA II Awards 2025](https://qicuae.com/for-the-4th-consecutive-year-at-the-prestigious-mena-ii-awards-2025/) - [QIC Introduces New Features on its Award-Winning Mobile App](https://qicuae.com/qic-introduces-new-features-on-its-award-winning-mobile-app/) - [QIC Rolls Out “Qatar. Unity. Future” National Day Art Initiative](https://qicuae.com/qic-rolls-out-qatar-unity-future-national-day-art-initiative/) - [Qatar Insurance Group Celebrated at Samla Race 2024 Awards Ceremony](https://qicuae.com/qatar-insurance-group-celebrated-at-samla-race-2024-awards-ceremony/) - [QIC Official Insurance Sponsor of QTM 2024](https://qicuae.com/qic-official-insurance-sponsor-of-qtm-2024/) - [Qatar Insurance Group and Ooredoo Group sign MoU to offer integrated insurance products that deliver true value in a rapidly changing world](https://qicuae.com/qatar-insurance-group-and-ooredoo-group-sign-mou-to-offer-integrated-insurance-products-that-deliver-true-value-in-a-rapidly-changing-world/) - [Qatar Insurance Group's Annual Blood Donation Campaign: A Commitment to Community Well-being](https://qicuae.com/qatar-insurance-groups-annual-blood-donation-campaign-a-commitment-to-community-well-being/) - [QIC Launches Its Blog Platform](https://qicuae.com/qic-launches-its-blog-platform/) - [Qatar Insurance Group hosts the "Little Employee Initiative," a day of learning and fun for young visitors](https://qicuae.com/qatar-insurance-group-hosts-the-little-employee-initiative-a-day-of-learning-and-fun-for-young-visitors/) - [QIC Group net profit increase 16% to QAR 525 million](https://qicuae.com/qic-group-net-profit-increase-16-to-qar-525-million/) - [QIC Group Promotes Early Breast Cancer Detection and Prevention Among Female Workforce](https://qicuae.com/qic-group-promotes-early-breast-cancer-detection-and-prevention-among-female-workforce/) - [QIC Named General Insurance Company of The Year 2024 in Qatar](https://qicuae.com/qic-named-general-insurance-company-of-the-year-2024-in-qatar/) - [Qatar Insurance Group to Sponsor the 2024 Samla Race](https://qicuae.com/qatar-insurance-group-to-sponsor-the-2024-samla-race/) - [Qatar Insurance Group concludes another successful summer internship program](https://qicuae.com/qatar-insurance-group-concludes-another-successful-summer-internship-program/) - [QIC Group reports 11% growth in Net Profits in H1 2024](https://qicuae.com/qic-group-reports-11-growth-in-net-profits-in-h1-2024/) - [QIC Group Announces Successful Restructuring of Its UK Motor Business Thereby Reducing Exposure To UK Motor Business Notably](https://qicuae.com/qic-group-announces-successfull-restructuring-of-its-uk-motor-business-thereby-reducing-exposure-to-uk-motor-business-notably/) - [QIC Wins “Mobile App of The Year in Qatar” Accolade at The Insurance Asia Awards 2024](https://qicuae.com/qic-wins-mobile-app-of-the-year-in-qatar-accolade-at-the-insurance-asia-awards-2024/) - [Qatar Insurance Group celebrates the graduation of the ninth cohort of Kawader Malia program](https://qicuae.com/qatar-insurance-group-celebrates-the-graduation-of-the-ninth-cohort-of-kawader-malia-program/) - [QIC Wins Three Titles at The Global Brands Awards](https://qicuae.com/qic-wins-three-titles-at-the-global-brands-awards/) - [QIC Offers a Variety of Travel Insurance Plans Gearing Up for Summer](https://qicuae.com/qic-offers-a-variety-of-travel-insurance-plans-gearing-up-for-summer/) - [MENA Insurtech Summit 2024 Concludes with Success](https://qicuae.com/mena-insurtech-summit-2024-concludes-with-success/) - [QIC Group holds its third annual Insurtech Summit to explore the future of insurance in the age of AI](https://qicuae.com/qic-group-holds-its-third-annual-insurtech-summit-to-explore-the-future-of-insurance-in-the-age-of-ai/) - [QIC Group reports 11 % growth in Net Profits at QAR 194 million.](https://qicuae.com/qic-group-reports-11-growth-in-net-profits-at-qar-194-million/) - [QIC Crowned Best Travel Insurance Company in The Middle East](https://qicuae.com/qic-crowned-best-travel-insurance-company-in-the-middle-east/) - [QIC Group Honors Staff at Long Service Award Ceremony](https://qicuae.com/qic-group-honors-staff-at-long-service-award-ceremony/) - [QIC Opens Edutainment Branch at KidzMondo Doha](https://qicuae.com/qic-opens-edutainment-branch-at-kidzmondo-doha/) - [QIC Group hold its General Assembly Meeting Strong performance delivers a return to profitability at QAR 615 million for the year 2023](https://qicuae.com/qic-group-hold-its-general-assembly-meeting-strong-performance-delivers-a-return-to-profitability-at-qar-615-million-for-the-year-2023/) - [QIC Participates in The Web Summit Qatar 2024](https://qicuae.com/qic-participates-in-the-web-summit-qatar-2024/) - [QIC Group reports Net Profits of QAR 615 million for the year 2023](https://qicuae.com/qic-group-reports-net-profits-of-qar-615-million-for-the-year-2023/) - [QIC Named “Insurer of The Year in Qatar” at The MENA IR Awards 2024](https://qicuae.com/qic-named-insurer-of-the-year-in-qatar-at-the-mena-ir-awards-2024/) - [QIC Group sponsors Katara International Exhibition for Kahraman](https://qicuae.com/qic-group-sponsors-katara-international-exhibition-for-kahraman/) - [QIC Opens a New Branch at Doha Festival City](https://qicuae.com/qic-opens-a-new-branch-at-doha-festival-city/) - [Qatar Insurance Group holds blood donation drive](https://qicuae.com/qatar-insurance-group-holds-blood-donation-drive-3/) - [ANOUD TECH WINS INSURTECH OF THE YEAR 2023 AWARD](https://qicuae.com/anoud-tech-wins-insurtech-of-the-year-2023-award/) - [QIC Launches “3 Months Free Insurance” Promotion](https://qicuae.com/qic-launches-3-months-free-insurance-promotion/) - [Qatar Insurance Group Sponsors Qatar Travel Mart](https://qicuae.com/qatar-insurance-group-sponsors-qatar-travel-mart/) - [QIC Group 9-month net profit jumps 445% to QAR 453M](https://qicuae.com/qic-group-9-month-net-profit-jumps-445-to-qar-453m/) - [QIC Bags 3 Prestigious Accolades at The Global Brands Awards 2023](https://qicuae.com/qic-bags-3-prestigious-accolades-at-the-global-brands-awards-2023/) - [Qatar Insurance Group is official sponsor of S’hail 2023](https://qicuae.com/qatar-insurance-group-is-official-sponsor-of-shail-2023/) - [Confidence at Every Turn! QIC Rolls Out New Awareness Campaign](https://qicuae.com/confidence-at-every-turn-qic-rolls-out-new-awareness-campaign/) - [Qatar Insurance Company Concludes Summer Internship Program](https://qicuae.com/qatar-insurance-company-concludes-summer-internship-program-2/) - [QIC Group six-month net profit jumps 181% to QAR 325M](https://qicuae.com/qic-group-six-month-net-profit-jumps-181-to-qar-325m/) - [QIC Group recognized for its contributions towards developing Qatar’s human capital](https://qicuae.com/qic-group-recognized-for-its-contributions-towards-developing-qatars-human-capital/) - [QIC holds MENA InsurTech Summit 2023](https://qicuae.com/qic-holds-mena-insurtech-summit-2023/) - [QIC Group announces MENA Insurtech Summit 2023 Agenda and Speakers](https://qicuae.com/qic-group-announces-mena-insurtech-summit-2023-agenda-and-speakers/) - [QIC Group Reports robust net profit of QAR 175 million in Q1](https://qicuae.com/qic-group-reports-robust-net-profit-of-qar-175-million-in-q1/) - [QIC Offers New Customers 3 Months of Comprehensive Car Insurance for Free](https://qicuae.com/qic-offers-new-customers-3-months-of-comprehensive-car-insurance-for-free/) - [QIC holds its General and Extraordinary General Assembly Meetings](https://qicuae.com/qic-holds-its-general-and-extraordinary-general-assembly-meetings/) - [Qatar Insurance Group sponsors EAA’s “Goals4Good” tournament](https://qicuae.com/qatar-insurance-group-sponsors-eaas-goals4good-tournament/) - [Qatar Insurance Group honored at the Samla Race 2023 award Ceremony](https://qicuae.com/qatar-insurance-group-honored-at-the-samla-race-2023-award-ceremony/) - [Qatar Insurance Company Introduces The Fastest Online Solution to Get Mandatory Visitors’ Insurance in Qatar](https://qicuae.com/qatar-insurance-company-introduces-the-fastest-online-solution-to-get-mandatory-visitors-insurance-in-qatar/) - [QIC Group is a sponsor of the Samla race](https://qicuae.com/qic-group-is-a-sponsor-of-the-samla-race/) - [QIC Group at the InsureTek International Conference & Golden Shield Excellence Awards 2023](https://qicuae.com/qic-group-at-the-insuretek-international-conference-golden-shield-excellence-awards-2023/) - [QIC Group reports gross written premiums of QAR 9.8 billion for the year 2022](https://qicuae.com/qic-group-reports-gross-written-premiums-of-qar-9-8-billion-for-the-year-2022/) - [QIC celebrates Qatar National Sports Day](https://qicuae.com/qic-celebrates-qatar-national-sports-day/) - [Do you have a startup that is innovating the future of insurance?](https://qicuae.com/do-you-have-a-startup-that-is-innovating-the-future-of-insurance/) - [QIC Sponsors Katara International Horse Festival 2023](https://qicuae.com/qic-sponsors-katara-international-horse-festival-2023/) - [Qatar Insurance Company Named “Insurer of The Year in Qatar” at The MENA IR Awards 2023](https://qicuae.com/qatar-insurance-company-named-insurer-of-the-year-in-qatar-at-the-mena-ir-awards-2023/) - [Qatar insurance Group is a sponsor of the “Doha Marathon by Ooredoo 2023”](https://qicuae.com/qatar-insurance-group-is-a-sponsor-of-the-doha-marathon-by-ooredoo-2023/) - [QIC becomes the first insurer in the MENA region to become a signatory of ‘Principles for Sustainable Insurance’ of UNEP-FI](https://qicuae.com/qic-becomes-the-first-insurer-in-the-mena-region-to-become-a-signatory-of-principles-for-sustainable-insurance-of-unep-fi/) - [Qatar Insurance Group appoints new CEO of Kuwait Qatar Insurance Company](https://qicuae.com/qatar-insurance-group-appoints-new-ceo-of-kuwait-qatar-insurance-company/) - [Qatar Insurance Group Sponsors QFBA’s “Kawader Malia” for Three Years](https://qicuae.com/qatar-insurance-group-sponsors-qfbas-kawader-malia-for-three-years/) - [Qatar Insurance Group sponsors the 2023 Samla race](https://qicuae.com/qatar-insurance-group-sponsors-the-2023-samla-race/) - [Qatar Insurance Group (QIC) at the world’s largest InsurTech Conference](https://qicuae.com/qatar-insurance-group-qic-at-the-worlds-largest-insurtech-conference/) - [QIC Group reports robust net profit of QAR 571 million from continuing operations for the first nine months of 2022](https://qicuae.com/qic-group-reports-robust-net-profit-of-qar-571-million-from-continuing-operations-for-the-first-nine-months-of-2022/) - [Epicure Investment Management (EIM), a wholly owned subsidiary of QIC, has been ranked as the ‘Top Asset Manager’ in the Middle East](https://qicuae.com/epicure-investment-management-eim-a-wholly-owned-subsidiary-of-qic-has-been-ranked-as-the-top-asset-manager-in-the-middle-east/) - [QIC Crowned "Best Online Insurance Company in The Middle East" At The Global Banking & Finance Review Awards 2022](https://qicuae.com/qic-crowned-best-online-insurance-company-in-the-middle-east-at-the-global-banking-finance-review-awards-2022/) - [QIC and QInvest LLC announce the establishment of Epicure Islamic Investment Management LLC](https://qicuae.com/qic-and-qinvest-llc-announce-the-establishment-of-epicure-islamic-investment-management-llc/) - [QIC Group Owned Antares Tops Lloyd’s Peer Analysis for Investment Performance](https://qicuae.com/qic-group-owned-antares-tops-lloyds-peer-analysis-for-investment-performance/) - [Anoud Technologies Implements ACORD Solutions Group’s ADEPT to Drive Digital Data Exchange](https://qicuae.com/anoud-technologies-implements-acord-solutions-groups-adept-to-drive-digital-data-exchange/) - [Once again QIC Group is the Official Insurance Sponsor of S’hail](https://qicuae.com/once-again-qic-group-is-the-official-insurance-sponsor-of-shail/) - [Qatar Insurance Company Concludes Summer Internship Program](https://qicuae.com/qatar-insurance-company-concludes-summer-internship-program/) - [QIC Named “Domestic General Insurer” & “Auto Insurance Initiative” of The Year in Qatar At Insurance Asia Awards 2022](https://qicuae.com/qic-named-domestic-general-insurer-auto-insurance-initiative-of-the-year-in-qatar-at-insurance-asia-awards-2022/) - [QIC Group net profit rises to QAR 401 million in H1 2022](https://qicuae.com/qic-group-net-profit-rises-to-qar-401-million-in-h1-2022/) - [QIC Group Hosts Long Service Awards](https://qicuae.com/qic-group-hosts-long-service-awards/) - [QIC holds InsurTech MENA Summit 2022](https://qicuae.com/qic-holds-insurtech-mena-summit-2022/) - [50 Selected Teams Compete Today in QIC Group’s “InsurHack MENA” Hackathon](https://qicuae.com/50-selected-teams-compete-today-in-qic-groups-insurhack-mena-hackathon/) - [QIC Launches the First and Fastest all-inclusive Online Portal to Get Insurance in Qatar](https://qicuae.com/qic-launches-the-first-and-fastest-all-inclusive-online-portal-to-get-insurance-in-qatar/) - [QIC Group holds HMC blood donation campaign](https://qicuae.com/qic-group-holds-hmc-blood-donation-campaign/) - [QIC Group, Deloitte and Google Cloud organize MENA’s first InsurTech Hackathon to accelerate the InsurTech scene in the MENA region](https://qicuae.com/qic-group-deloitte-and-google-cloud-organize-menas-first-insurtech-hackathon-to-accelerate-the-insurtech-scene-in-the-mena-region/) --- ## Agents --- ## Careers --- ## Claims --- ## Insurances - [Fraud Awareness](https://qicuae.com/insurance/fraud-awareness/) - [Medical Individual](https://qicuae.com/insurance/medical-individual/) - [Home Owners Insurance](https://qicuae.com/insurance/home-content-insurance/) - [Travel Benefits Schedule](https://qicuae.com/insurance/travel-benefits-shedule/) - [Medical Insurance](https://qicuae.com/insurance/medical-insurance/) - [Property & Commercial](https://qicuae.com/insurance/property-commercial/) - [Marine & Cargo](https://qicuae.com/insurance/marine-aviation/) - [Energy](https://qicuae.com/insurance/energy/) - [Fleets & Vehicles](https://qicuae.com/insurance/motor-fleet/) - [Travel Insurance](https://qicuae.com/insurance/travel/) - [Home Tenant's All Risk Insurance](https://qicuae.com/insurance/home/) - [Boat Insurance](https://qicuae.com/insurance/boat-insurance/) - [Life & Medical](https://qicuae.com/insurance/life-and-medical/) - [Car Insurance](https://qicuae.com/insurance/car/) - [Motorcycle Insurance](https://qicuae.com/insurance/bike/) --- # # Detailed Content ## Pages Always close to youWe know that sometimes you need to go and talk to insurance experts about your insurance needs or you might need guidance above what can be done and found online. You can navigate the map below or take a look at the office list under the map to find the branch nearest to you – If in doubt, you can always call our QIC Hotline at Contact Number: 8004 742 Office 210, AL Dana Centre AL Maktoum Road, Deira, Dubai, UAESun – Thu 8:00 AM – 5:00 PM Fri – Sat - ClosedTel: +971 42224045 Fax:+971 42238974 Email: qicdubai@qici. com. qa Al Manara Bldg, Muroor Road, Abu Dhabi,UAE Sun – Thu 8:00 AM – 5:00 PM Sat-Fri - ClosedTel: +971 26769466 Fax:+971 26769265 Email: qicabudh@qici. com. qa --- Established in 1968, Qatar Insurance Company in the UAE (QIC UAE) is a branch of Qatar Insurance Group, the leading insurer in the MENA region. Deriving strength from the rating of its parent company, A/Stable from S&P and A (Excellent) from A. M. Best, QIC UAE offers innovative insurance solutions for every segment of its customer base. Benefitting from the increasing global footprint of its parent, QIC UAE serves as a conduit in facilitating overseas insurance interests. --- Sorry for the Inconvenience Our online services are currently being optimized we’re still here if you need us Just send us an e-mail at: callcentre-uae@qicuae. com and we will be back shortly --- We care about your personal data: Who is the data controller? What personal data will be collected? How will we obtain and use your personal data? Who will have access to your personal data? Where will my personal data be processed? What are your rights in respect of your personal data? How long do we keep your personal data? How can you contact us? How often do we update this data protection notice? Qatar Insurance Company Q. S. P. C. (“QIC”) Privacy NoticeWe care about your personal data:Qatar Insurance Company Q. S. P. C. (“we”, “us” “our”), is a leading non-life insurance company that brings innovative and tailor-made insurance solutions coupled with world-class level of service. Protecting your privacy is a top priority for us. This privacy notice explains what type of personal data will be collected, how and why it is collected and to whom it is shared or disclosed. Please read this notice carefully:Who is the data controller? A data controller is an individual or legal person who controls and is responsible to keep and use personal data in paper or electronic files. We are the data controller as defined by relevant data protection laws and regulations. What personal data will be collected? The personal data collected will depend upon the nature of the relationship between us. In case of an insured person, this will also depend upon the type of insurance policy. We will collect and process several types of personal data about you as mentioned below:... --- 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--- Home InsuranceHome Insurance Why Everybody Needs HomeCare Insurance? KNO MORETravel InsuranceTravel InsuranceTravel Insurance Is More Than A Piece Of Paper. KNOW MOREBoat InsuranceBoat InsuranceWhether You Own A Pleasure Craft Or A Mega Yacht, You Deserve To Receive Personal Service And Insurance Coverage. KNOW MOREProperty & CommercialProperty & Commercial InsuranceGet Your Insurance Requirements Serviced In The Most Professional Manner By A Focused Team Of Qualified Experts. KNOW MOREMarine & Aviation InsuranceMarine & Aviation Insurance50+ Years At The Forefront Of Hull & Aviation Insurance KNOW MORELife & Medical InsuranceLife & Medical InsuranceWe Provide Products And Services That Support Our Clients To Achieve Their Corporate Goals. KNOW MORECar InsuranceCar InsuranceUae’s Best Car Insurance – Same Prices; Better Deals KNO MORE We bring to you highest financial security, stringent process certifications and high ethical standards. Our Products Personal Insurance Car, Motorcycle, Travel, Home, Boat, and Life & Medical. Get a 10-Second Quote Now Get quote Buy Now 10% Online Discount Buy Now File and Manage Claims File Claims Business Insurance Property & Commercial, Marine & Cargo, Energy, and Fleets & Vehicles . Protect Your Investments Know More --- At Qatar Insurance Company (QIC), we are proud to uphold a legacy of excellence that spans over six decades. Founded in 1964 as the first domestic insurer in the State of Qatar, QIC evolved into a regional powerhouse and a publicly listed entity with a market capitalization exceeding QAR 7 billion. Today, QIC is recognized not only as a market leader in Qatar but also as a dominant force across the GCC and MENA regions. Our journey in the United Arab Emirates began in 1968, guided by a vision of sustainable growth and service excellence. Starting with modest operations in Deira (Dubai) and Abu Dhabi, we have steadily expanded our footprint over the past 57 years. Today, QIC UAE stands as a trusted name in the insurance industry, offering a comprehensive suite of solutions spanning Property, Casualty, Engineering, Marine, Motor, and Health segments. Our greatest strength lies in the ability to deliver intelligent, relevant, and resilient risk solutions. This commitment was demonstrated during the unprecedented floods in the UAE in 2024, where QIC rose to the challenge, fulfilling our promises and reinforcing our dedication to our clients. As a multi-line insurer, QIC UAE is driven by a team of highly skilled professionals specializing in underwriting, claims management, finance, and customer service. We collaborate closely with risk managers to design tailored insurance solutions that cater to the dynamic needs of both corporate and individual clients. We take pride in being the insurer of choice for leading brokers, corporations, and individuals throughout... --- Group VisionQIC Group’s vision is to be recognized as the world’s largest and most trusted insurance group. Statement of Values At QIC Group we value each employee and acknowledge their distinctive contribution. We value their effort, their enterprise, their contribution, and opinions. Our group is built on teamwork, respect, and mutual trust. Each person at whatever level she or he may operate, is empowered, and will therefore make their own unique contribution. Each employee is encouraged to be responsible for their own actions. We encourage positive contribution, acknowledge innovation and reward excellence. We encourage a safe workplace, comply with all laws and regulations, and strive to meet the expectations and requirements of our customers. We value our customers as trusted partners. We value constructive feedback and candid comments and endeavor to integrate those into our business model. Honest critique is accepted as a valued contribution to our organization. We meet our obligations to our shareholders, customers, employees, and society at large. --- A 60+ year history. And perfectly poised for the future. When vision meets determined resolve, success follows suit. It is not a formula, but a combination of several variables that must be carefully aligned to produce unrelenting progress. Human history is graced with shining examples of visionary zeal in individuals and organizations that had an insight into the future, and Qatar Insurance Company is counted in the region as a stalwart in this regard. Taking on the mantle of the guardian of Qatar’s national energy assets as early as 1964, in vivid contrast to the country’s reliance on the bounty of the sea, Qatar Insurance Company strode forward to secure the nation’s commercial and institutional initiatives. Our origins can be traced back to the Emiri decree on 11th March, 1964, establishing our presence in the beating heart of the traditional Souq Waqif in Doha. A mere four years later, we took another bold step into the UAE in the form of a branch in 1968, fuelled by optimism and the intention to stay for the long run. The rest, as they say, is history. QIC Milestones --- Sheikh Hamad bin Faisal bin Thani Jasim Al Thani Chairman Mr. Abdul Rahman Essa Al Mannai Vice chairman Mr. Khalifa A. Al Subaey Member Sheikh Saoud bin Khalid bin Hamad Al Thani Member Sheikh Faisal bin Thani bin Faisal Al Thani Member Sheikh Abdulrahman bin Saud bin Fahad Al Thani Member Sheikh Tamim bin Hamad bin Jassim bin Jabor Al-Thani Member Mr. Ali Youssef Hussain Ali Kamal Member Mr. Mohammed Jassim M A Jaidah Member Mr. Ali Hussain Ibrahim Al-Fardan Member Mr. Ibrahim Jassim Abdul Rahman Al Othman Fakhro Member --- Salem Khalaf Al MannaiGroup CEOSalem Al Mannai is the Group CEO of QIC Group. Salem is a postgraduate from the University of South Wales in Wales and he started his career with QIC in 2001, in the motor department. After working for two years in the motor department, Salem was awarded a scholarship to complete his degree in the UK. In 2006, he joined the Marine department of QIC as a Senior Underwriting Officer and was appointed as the Assistant Vice President for Cargo. In 2013, Mr. Mannai assumed the responsibility of the Deputy CEO of QLM. In 2015, Salem was appointed as the Deputy Group President & CEO of QIC MENA region. Basis his wealth of knowledge and experience, in 2019, Salem was assigned the position of Deputy Group President & CEO of the QIC Group. Salem has been instrumental in bringing innovative solutions to cement QIC Group’s position as a pioneer in the insurance industry arena, both in the MENA region and across international markets. Chirag DoshiGroup Chief Investment OfficerChirag joined QIC Group in 2004 and has an experience of over 18 years in Treasury Investment Portfolio Management functions. He has been instrumental in establishing QIC as a leading investment house in the MENA region. Chirag is credited for being one of the early stage portfolio managers in the GCC fixed income space, from the infancy of the market in 2005. Prior to joining QIC, Chirag was with Standard Chartered Bank in Mumbai, India. Chirag is a qualified... --- Prasad Aniyil Chief Executive Officer - UAE Operations Board No. : +971 4 7024812 /13 Direct No. : +971 4 7024802 Email:prasad. aniyil@qicuae. com Raghu Raj RajuHead of Finance and Tax Board No. :+971 4 7024810 /11 Direct No. :+971 4 7024807 Email:raghuraj. raju@qicuae. comSameer NairExecutive Vice President (Medical) Board No. :+971 4 7024812 /13 Direct No. :+971 4 7024801 Email: sameer. nair@qicmena. com. qaSathish N K Head of Operations UAE (Non Medical) Board No. : +971 4 7024810 /11 Direct No. :+971 4 7024828 Email: sathish. nk@qicuae. com Lakshmanan N Head of Operations (Abu Dhabi) Board No. : +971 2 6769466 Direct No. : +971 2 8865962 Email: lakshmanan. n@qicuae. com --- Qatar Insurance Company recognizes that governance system is not merely a compliance or control tool, but a platform for sustainable growth and development. The Company continues to pursue excellence in governance and responsible management practices as it believes that the success in achieving global standards of professional conduct aid it is being managed in a better and more integrated and sustainable manner. We are committed to running our business ethically and with sound principles. We have progressively climbed this ladder over the past 50 years of our governance journey. To know more about this you may visit: QIC Dubai Trade License Commercial Register 2016-17 IA Certificate 2016 As Branch Insurance Authority Registration Certificates --- Corporate Social Responsibility (CSR) Corporate Social Responsibility for Qatar Insurance Company symbolises its corporate philosophy of quality, trustworthiness and creativity. We seek to deliver sustainable development of the society in response to the trust and loyalty society places us in our Company and try to exceed their expectations. At the threshold of 56 years of quality presence of our branch in this great nation United Arab Emirates, we look forward to our Vision to become “the Best Insurer in the Middle East delivering World class insurance products”. The responsibility also increases with reflects in our constant effort to imbibe and increase CSR awareness among each and every employee through a set of guidelines, which shall go hand in hand with all our business activities. Furthermore, we strive to maintain and uphold world universal principles of human rights, care towards the environment, anti-corruption, anti-money laundering, Malignant ethical business practices and adherence to international codes on the pursuit of business. We as a company shall ensure and work towards a business practice that enhances the society which entrusts and insure with us by incorporating the following in our business: Correct and sound corporate practices. Ensure the highest quality in our insurance products and services that we offer to our clients Adherence to human rights, and a strict No to racial, religious and, gender biases Protection to of the natural environment Transparent business ethics --- Car InsuranceOur product Premier Automobile insurance is designed to protect you, your family, and your investment (your automobile) in the case of an accident. Know More Travel InsuranceTravel insurance was formerly looked upon as a luxury. Now they view travel insurance as a good value and of imperative importance. Know More Home InsuranceYour most valuable asset is your home, since you spend your entire life building that as a safe haven for your family and loved ones. Know More Boat InsuranceWhether you own a Pleasure Craft or a Mega Yacht, you deserve to receive personal service and insurance coverage that is tailored around the way you use your vessel. Know More --- QIC was founded more than 60+ years ago, with the task to support the growth of Qatar Over the years, we have developed alongside Qatar and today we not only support the growth of the companies in Qatar – we also support the daily lives of the individuals working for those companies We do this in the same caring way as we do for the corporations We are thankful and proud that so many people and corporations have placed their trust in us and we now are the largest insurance company not only in Qatar, but in the Middle East ... because all we do, we do for you 1 Same Prices - Better Deals We’re not more expensive than the other insurers in the market – chances are, you’ll find us cheaper And you will for sure find our deals better when you compare the benefits and services we offer – at the same prices But insurance is not all about low premiums – it’s also about being sure that we’re able to pay, fast and correct, when you have a claim 2 Less Hassle - More Peace You’re safe with us – being the largest insurance company in the Middle East gives you the security of knowing we’ll always be able to manage – and pay – for your claims And we’ll do this professionally and effectively – every time For you, this means less hassle and shorter time for you to get your claim settled – and... --- Car Insurance FAQ Motorcycle Insurance FAQ Travel Insurance FAQ Home Insurance FAQ Get Quote Today Get a Quote Car Insurance FAQ What is the difference between comprehensive insurance and third party liability? A comprehensive insurance policy will cover you against your own loss or damage as well as third party property damage. Loss or damage could result from an accidental collision, fire, burglary, external explosion, self-ignition, lightning, theft and any malicious act by a third party. Third party liability policy is the basic coverage that is mandatory as per the UAE law and it covers death or bodily injury to any third party/person as well as property damage caused by the insured’s vehicle. The policy does not cover damage/loss to the insured vehicle. What are the typical factors used for calculating the premium for my car? The premium for car insurance is calculated as a percentage of the value of your car. If your car has had any accidents, it would be factored in to the premium. If your car has had no accidents, we offer a no - claims discount with the renewal of your policy. What is the compulsory excess indicated on my policy? Also known as ‘Deductible’, it is the amount that you pay to the insurance company in case of a non-recoverable claim. Is the premium higher for super-fast sports/exotic cars? The premium for super-fast and exotic cars is a little higher and the policy excess (deductible) is higher too based on the fact that these... --- Registering claims with QIC UAE Motor Insurance Claims Management Non Motor Insurance Claims Management Home Insurance Claims Management Travel Insurance Claims Management Contact our Claims Department Get Quote Today Get a Quote Registering claims with QIC UAE Having an accident – and a claim to register – is always a hassle; we know this. We have therefore done our utmost to make registering and managing claims with us as easy and fast as possible Click one of the images below to learn how to easily register a claim with us – if in doubt, or you need our assistance, you can always call 8004 742 Motor Insurance Claims Management Having a Claim? We will do our best to ease claim process by making your engagement with us as simple and hassle-free as far as possible. How to file (open) a Claim? You need to get the following documents: Original police report from Traffic Department Copy of both sides of your car registration Copy of both sides of your driver’s license Police Report The police must give you the final Police report for the accident (document #1) CR & Driver's License ... and then you need to get a copy of both sides of your car registration (document #2) and a copy of both sides of your driver’s license (document #3) How to register a Claim with QIC UAE? Once you have arranged the documents, you can register a claim and get a repair approval by doing any one of the... --- Property & CommercialOur insurance solutions are diverse which caters to the needs of a standard insurance requirement of a retail trader and also equally satisfies the requirement of a specialist insurance requirement of a Property Developer or a Banking Institution. Know More Marine & CargoMovement of cargo around the international blue waters by ship is a colossal business operating across all time zones. It can be dangerous and diverse, including exposures such as the carriage of highly sensitive cargoes, collision, natural hazards and pollution liabilities. Know More EnergyQatar Insurance Company works with both the Qatar government and private sector companies, providing them with solutions for all aspects of the hydrocarbon industry's insurance needs. Know More Fleets & VehiclesOur product Premier Automobile insurance is designed to protect you, your family, and your investment (your automobile) in the case of an accident. Know More --- Media ContactCorporate Communication & Public Relations P. O. Box 666, Doha, Qatar Mob: +974 5010 1053 Fax: +974 4483 1569 Email: communications@qicgroup. com. qa --- Welcome to Qatar Insurance Company UAEAt Qatar Insurance Company, employees are our primary strength! What we have achieved over 57 years stands monumental for our quality, trustworthiness and distinctive value proposition that would not have been possible without the backbone - each and every employee of QIC. We offer every member who has been with us and who wishes to join us, an opportunity and a place “to be the best one can be” so that he/she can make a credible difference in the glorious future to come! We firmly believe that every employee’s success leads to the company’s growth and we want to give every aspirant an opportunity: To enrich oneself to the benefit of the company To experience a challenging environment to reach new heights For personal growth and development To feel a sense of ownership whilst being part of a greater team To enjoy working in a vibrant workplace To attain job satisfaction and feel stable and secure even when market conditions are volatile To align with our corporate values of service excellence and delivery of quality insurance products If you wish to become a part of our team, please e-mail your CV to careers-uae@qicuae. com . We will call you if there is a suitable position open for you --- With over 57 years of presence in the United Arab Emirates, QIC UAE is fully attuned with the UAE’s culture and diversity. In the last four decades of service to the community citizens and residents alike, we have always extended our arms to the UAE nationals to join our dynamic team in an endeavour to serve the nation better. Our employee development programme is aligned to the UAE National development programme and we strive to enhance our services with the skills and competencies of the UAE nationals in our team. We invite UAE nationals to join us in building a greater nation together. --- Open Position for JobsInterested to join? Send us your CV at careers-uae@qicuae. com --- Always close to youWe know that sometimes you need to go and talk to insurance experts about your insurance needs or you might need guidance above what can be done and found online You can navigate the map below or take a look at the office list under the map to find the branch nearest to you – if in doubt, you can always call our QIC Hotline at Contact Number: 8004 742JTNDZGl2JTIwaWQlM0QlMjJtYXAtYW5jaG9yJTIyJTNFJTNDJTJGZGl2JTNFDubai Hills Business Park Building 4 – 5th floor (Next to Dubai Hills Mall) Al Khail Road Dubai, UAEMonday – Friday 8:00 AM – 4:30 PM Saturday - Sunday – Closed Call Center: 8004 742 Website: www. i-insured. comAl Manara Bldg, Muroor Road, Abu Dhabi, UAEMonday – Friday 8:00 AM – 4:30 PM Saturday - Sunday – ClosedCall Center: 8004 742 Website: www. i-insured. com --- QIC Qatar Head Office Postal Address Qatar Insurance Company SAQ Tamin Street, West Bay PO Box: 666 Doha, Qatar --- Get in Touch With Us Thank you for allowing us to serve you. To help us with your inquiry, kindly complete the following form fields and one of our representatives will get in touch Personal Insurance /RetailMediaCareersCustomer ServiceReport Fraudulent activity Enter Captcha:   Download KYC Form Customers Support Headquater Address Qatar Insurance Company Dubai Hills, Business Park Building 4 – 5th floor (Next to Dubai Hills Mall), Al Khail Road, Dubai, UAE Office Hour Timing Monday to Friday: 8 AM to 4:30 PM Saturday and Sunday: Holiday QIC Hotline - 800 4 QIC (800 4 742) Get a Quote --- --- ## Posts - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been awarded the “Customer Experience Initiative of the Year in Qatar” title at the 2025 Insurance Asia Awards. The accolade was announced during the program’s annual awards ceremony held last week in Singapore, attended by representatives from leading insurers across the continent. This prestigious recognition underscores QIC’s success in delivering a seamless and innovative customer journey through its QIC App, the company’s flagship platform. Designed to cover the daily digital needs of everyone in Qatar, the app has significantly simplified users’ experiences, enabling them to instantly understand their coverage needs, purchase policies in just a few clicks, and conveniently access a suite of non-insurance services related to everyday life. Commenting on the award, Mr. Salem Al Mannai, Group CEO of QIC, said: “We are honored to be recognized once again by one of the most respected insurance award programs in Asia, and to see our solutions acknowledged by a panel of renowned industry experts. This achievement affirms the strength of QIC’s digital strategy, and our ongoing commitment to enhancing the customer journey with cutting-edge, user-centric solutions. Our investment in digital innovation over the past few years has allowed us to consistently deliver better access to the best coverage for everyone in Qatar, and we look forward to building on this momentum and setting new benchmarks for digital excellence at local and regional levels. ” QIC App is the first and only platform of its kind in... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has achieved the prestigious (p) ‘AAA’ ESG rating from MSCI ESG Research—the highest possible rating under MSCI’s globally recognized environmental, social, and governance (ESG) framework. This exceptional milestone places QIC among the world’s top-performing insurers for ESG excellence and governance resilience. It also solidifies QIC’s position as the first company in Qatar and the only insurer in the MENA region to receive a provisional ESG ‘AAA’ rating from MSCI*, joining an elite group of property and casualty insurers worldwide to earn this distinction. A Testament to ESG Leadership Effective as of 22 May 2025, the rating highlights QIC’s outstanding performance across key ESG pillars: Privacy & Data Security: Robust data protection measures, world-class cybersecurity infrastructure, and regulatory compliance. Human Capital Development: Strong employee engagement, inclusive talent strategies, and proactive feedback channels. Corporate Behavior: A well-established culture of ethical integrity, anti-corruption frameworks, and a governance track record free of controversies. Salem Al Mannai, QIC Group CEO, commented: "The State of Qatar is a proud signatory to the Paris Agreement, and at QIC Group, we have aligned our sustainability strategy with the United Nations Sustainable Development Goals, the Qatar Stock Exchange’s ESG reporting guidelines, and the Qatar Central Bank’s directives to strengthen sustainable practices in the financial sector. We take great pride in being a model of excellence in sustainability and governance, both in Qatar and across the region. This national achievement is a testament to Qatar’s advanced investment... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has launched its new summer travel advisory content series on qic. blog. Curated to help Qatar-based travelers make informed decisions for their summer trips, the series aims to ensure enjoyable and stress-free vacations this season. Mr. Ahmed Al Jarboey, QIC Chief Operating Officer – Qatar Operations, said: “Summer is the preferred travel season for the community in Qatar. Citizens and residents seize this opportunity to explore the world, and it is important for us to help everyone prepare for their trips with the right information. Our ultimate goal is to contribute to making travelers' holidays easy, enjoyable, and stress-free, and to help them understand their travel needs and choose the right insurance products to ensure reliable financial protection and peace of mind. We hope that our blog will serve as a valuable reference for travelers this season, and we remain committed to being the insurance partner of choice for all travelers from Qatar to the world throughout the year. ” Gearing up for the summer holidays, QIC’s corporate content and insurance literacy platform offers its readers summer-themed features covering a wide range of travel tips. These articles shed light on what travelers need to know, consider, and do before embarking on their summer journeys. This includes pre-trip checklists and recommendations about trending destinations for summer 2025, along with ideas for things to do and explore in popular hotspots such as the UK, Georgia, Thailand, India, and other... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced the opening of five new car insurance outlets at Woqod Vehicle Technical Inspection Centers (Fahes). This move aims to bring QIC’s innovative services closer to more customer segments, enabling easier and better access to top insurance products in Qatar. QIC’s new outlets are located at Fahes centers in Al Mazrouah, Wadi Al Banat, Al Wakra, Al Wukair, and Al Egda. Through these five outlets, QIC will provide motorists with instant advisory services to help them better understand their insurance needs, allowing them to obtain personalized coverage tailored to their specific driving requirements and ensuring proper financial protection against unforeseen expenses in the event of an accident. Commenting on the opening of the new outlets, Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - Qatar Operations, said: “We are pleased to become even closer to our customers in several areas of Qatar through our new outlets and to help more drivers and car owners have the right financial protection they need to drive with peace of mind. At QIC, we pride ourselves on being Qatar’s most trusted insurer and the partner of choice for everyone looking for customer-centric services and innovative solutions that make their insurance journey seamless at all stages: from smoother onboarding to impeccable claims settlement, all merged with personalized experiences throughout the journey. I am confident that our new outlets will be a valuable addition to our repertoire of customer excellence, and I... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, was recognized at the Google Cloud Summit Doha 2025 for driving innovation in the financial industry. This recognition marks a significant milestone in QIC's strategic journey to revolutionize insurance through advanced technologies and global partnerships. The summit, held at the Qatar National Convention Centre, brought together over 1,500 attendees, including Google Cloud partners, government leaders, enterprise customers, and technology innovators. The event focused on the latest breakthroughs in artificial intelligence, data, cloud computing, and cybersecurity. QIC's recognition highlighted its bold adoption of cloud-native technologies and AI-driven solutions, as well as its role as a thought leader shaping the future of the industry. Notably, QIC organized and hosted the annual fourth edition of the MENA Insurtech Summit and the inaugural MENA Fintech Summit earlier this year in Doha. These events brought together global experts, regulators, investors and startups to accelerate innovation, regulation, and investment in digital insurance and financial services. During the Google Cloud Summit 2025, QIC Group CEO Mr. Salem Al Mannai held high-level meetings with senior Google Cloud executives, including Mr. Anthony Cirot - Vice President, EMEA South, Mr. Ghassan Kosta - Regional General Manager, and Mr. Basel Haddadin - Regional Sales Manager. The discussions focused on ongoing digital transformation projects and expanding collaborative opportunities in areas such as AI-powered customer experience, real-time data analytics, operational automation, and next-generation cloud security. Reflecting on the recognition, Mr. Salem Al Mannai said, “At Qatar Insurance Group, we are... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has introduced its new personal cyber insurance, an innovative coverage designed to protect individuals from cyber risks, ensuring they can navigate their digital lives with extra confidence. QIC’s new personal cyber insurance is the first in Qatar to offer individuals a comprehensive financial protection against the cyber risks of daily online life, including those occurring while shopping online and using connected devices. With a QIC personal cyber insurance policy in hand, individuals in Qatar can now fulfill their digital needs worry-free knowing they are protected against financial losses from cyberattacks, online shopping fraud, credit card fraud, phishing scams, cyber extortion threats, identity theft, and cyber damage to their connected devices and wearables. In the event of a covered cyberattack, the insured person will benefit from financial support to restore or retrieve their digital systems and data. The policy also covers theft of funds, and ransom payments in the case of cyber extortion, ensuring that customers have the backing they need to recover without bearing the financial burden alone. Commenting on the new product, Mr. Salem Al Mannai, Group Chief Executive Officer, said: "Qatar is one of the most connected countries in the world, with one of the highest internet penetration rates. People rely heavily on the internet for their daily needs, which can increase their exposure to cyber threats and risks, sometimes leading to significant financial losses. As Qatar’s leading insurer, our responsibility is to empower everyone... --- - Categories: Press Releases The fourth edition of the MENA Insurtech Summit and the inaugural MENA Fintech Summit 2025, hosted by Qatar Insurance Group (QIC Group), the leading insurer in Qatar and the MENA region, concluded today in Doha with resounding success, cementing their position as the region’s premier platforms for innovation, collaboration, and thought leadership in insurance and financial technology. These landmark events reflected a bold and unifying mission: to bridge vision with execution, policy with innovation, and local entrepreneurship with global opportunity. Together, they showcased the Middle East and North Africa’s growing capacity to lead global conversations and deliver real-world solutions in the evolving worlds of insurance and finance. Over two action-packed days, the summits welcomed a diverse international audience of innovators, investors, corporate leaders, regulators, and media representatives. This year’s expanded agenda offered a comprehensive view of the future of finance and risk management, exploring cutting-edge technologies, shifting consumer behavior, regulatory transformation, and the role of innovation in sustainable development. Leadership Reflections: A Collective Vision for a Digitally Empowered Future As the curtains closed on the summits, the leadership of QIC Group reflected on the magnitude of progress and collaboration on display. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, remarked: “These two days have been a powerful affirmation of our region’s immense potential to lead in digital innovation. The future of insurance and finance is being shaped right here in Doha by brilliant minds, bold ideas, and a shared commitment to progress. As we gather the brightest global... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, today inaugurated the fourth edition of the MENA Insurtech Summit alongside the inaugural MENA Fintech Summit at the Qatar National Convention Centre (QNCC). Held under the auspices of the Qatar Central Bank, led by His Excellency Sheikh Bandar bin Mohammed bin Saoud Al-Thani, Governor of the Qatar Central Bank, and represented by Sheikh Ahmed bin Khalid bin Ahmed bin Sultan Al-Thani, Deputy Governor of the Qatar Central Bank, the two-day event convenes over 1,500 participants, including more than 140 speakers, 100 startups, and 45 investors, to explore the transformative power of artificial intelligence (AI) in the insurance and financial sectors. The opening ceremony was attended by dignitaries, ministers, and prominent public and private stakeholders. A Unified Platform for Innovation The summits, held under one roof, represent a bold step forward in QIC Group’s efforts to build a unified platform that champions digital innovation in both the insurance and financial sectors. By bridging the two rapidly converging industries, the dual summits enable cross-sector collaboration, policy development, and investment in next-generation technologies such as AI, open finance, and embedded insurance. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, opened the summit by underscoring the strategic importance of this unified platform: “These two summits, held under one roof, reflect our steadfast commitment to supporting Qatar’s National Vision 2030 and reinforcing the country’s position as a regional leader in innovation and digital transformation. More than annual gatherings, these forums... --- - Categories: Press Releases Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region and a pioneer in digital innovation, today announced the launch of the 4th MENA Insurtech Summit and the inaugural MENA Fintech Summit, both of which will be held concurrently under one unified platform on May 11–12, 2025 at the Qatar National Convention Centre (QNCC). Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, commented: “At QIC Group, we recognize that innovation and digital transformation are vital to securing Qatar’s economic future. These summits reflect our commitment to advancing national strategies by creating meaningful platforms that connect talent, technology, and investment. By hosting both insurtech and fintech ecosystems under one roof, we aim to reinforce Qatar’s position as a leader in digital financial innovation for the region. ” Following the Chairman’s remarks, Mr. Salem Al Mannai, CEO of QIC Group, added: “We are proud to lead this initiative as part of our commitment to national priorities and our ambition to position Qatar as a destination for innovation and capital. These summits are more than just events—they are strategic platforms designed to attract global players, empower startups, and connect decision-makers across the financial services value chain. By bringing the fintech and insurtech ecosystems together under one roof, we are unlocking powerful opportunities for dialogue, investment, and cross-sector collaboration that will serve Qatar and the region for years to come. ” The co-located summits represent a significant step in QIC Group’s vision to position Qatar as a... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced the launch of its “Coins” loyalty program, an innovative initiative that allows new and existing customers to earn and redeem loyalty points throughout their journey with QIC. With the new Coins scheme, QIC App and qic. online users can seamlessly accumulate rewards through various interactions, including welcome Coins for downloading the QIC App and creating a personal profile, earning rewards when purchasing their first insurance policy via the app or portal, and receiving Coins for renewing expired insurance policies digitally. QIC App and qic. online users can also earn Coins by participating in interactive activations, such as completing customer satisfaction surveys, in addition to getting extra Coins when utilizing a range of non-insurance services powered by Anoud Technologies LLC, such as requesting home car wash, car detailing services, and other services via QIC App. Redeeming Coins is quick and effortless through the application. Users can exchange their accumulated Coins for in-kind gifts, and lifestyle goodies that help them live, drive, and travel worry-free while enjoying premium rewards on their favorite products. Commenting on the new program, Mr. Ahmed Al Jarboey, QIC Chief Operating Officer - Qatar Operations, said: “We have innovatively designed our Coins rewards program to transform everyday insurance into a truly rewarding experience for all the people of Qatar. QIC’s web and mobile platforms have become the preferred platforms for both insurance and non-insurance services in Qatar, and we are confident that the... --- - Categories: Press Releases Qatar Insurance Group (“QIC Group”, “QIC”), the leading insurer in Qatar and the MENA region, has announced a robust net profit of QAR 205 million for the first quarter of 2025, up from QAR 194 million in Q1 2024. The results were approved during the Board of Directors meeting held on 29th April 2025, presided over by Sheikh Hamad bin Faisal bin Thani Jassim Al Thani, Chairman of QIC Group. Commenting on the results, Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC’s Q1 2025 results continue to reflect our consistent and stable bottom line focused growth with net profits of QAR 205 million at a 6 % overall growth. While our direct MENA Gross Written Premiums continued to grow at 17% Q2Q, our disciplined risk selection and exit from low‑margin international portfolios have strengthened our capital base and underpinned selective growth. As market conditions normalize, we are fully committed to accelerating our digital transformation and expanding customer-centric innovations to sustain our leadership position across the region. Sheikh Hamad bin Faisal Al Thani added: “Strategic investments in automation and data-driven decision-making have enhanced our operational efficiency and turnaround times. With the launch of our ESG framework and the establishment of our Sustainability Committee, we are embedding environmental and social responsibility into every aspect of our business. In 2025, we are focused on deepening market penetration, advancing digital leadership, and upholding the highest standards of governance. As part of our regional growth strategy, we are moving forward with... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced the recognition of its QIC App as one of the top innovations in finance in the Middle East at the annual Global Finance’s Innovators Awards for 2025. The Innovators Awards celebrate financial institutions worldwide that have demonstrated exceptional innovation through groundbreaking solutions and original products and services across diverse sectors and categories. Recognized as a benchmark for digital excellence, these awards highlight how innovation is transforming the financial industry and enhancing the user experience. Commenting on the new achievement, Mr. Salem Al Mannai, Group CEO of QIC, said: “The recognition of QIC App by Global Finance as one of the region’s top digital innovations this year reflects our success at QIC in pioneering the region’s digital landscape in the financial sector, allowing customers to better understand their insurance needs while enjoying seamless access to innovative solutions and empowering them to live, drive, and travel with confidence. Our commitment to innovation and our customer-centric approach enable us at QIC to consistently exceed customer expectations and remain the preferred and most trusted insurer in Qatar and beyond. ” Al Mannai added: “We remain dedicated to rewarding this valuable trust with upgraded digital experiences, combined with the most comprehensive financial well-being for each and every one of our customers. Our objective is to make QIC App a true digital ecosystem where users can access all their daily services, and we are confident that our commitment to expanding the... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, expects a significant increase in outbound travel during the Eid al-Fitr break. QIC’s internal analysis of travel insurance purchasing behavior indicates a 50% increase in the number of outbound travelers who have already purchased travel insurance from QIC for their trips during the Eid holiday period until the end of the first week of April 2025, compared to the Eid al-Fitr holiday in 2024. Europe is the preferred destination among QIC policyholders this Eid, with over 55% considering at least one of the 29 Schengen countries. Poland is the top trending Schengen destination this Eid, followed by France, Germany, Croatia, and Portugal. Outside the Schengen zone, the United Kingdom remains the preferred destination for QIC-insured travelers this Eid. As for visitors arriving in Qatar this Eid, QIC’s data shows that nationals from Saudi Arabia, India, Algeria, Turkey, and the United States are among the top purchasers of travel insurance for visiting Qatar this Eid, including both inbound travel insurance and QIC’s mandatory visitors’ health insurance. Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - Qatar Operations, said: “The Eid al-Fitr break is a preferred travel period for many citizens and residents of Qatar, and an ideal occasion for international visitors to come and experience Qatar’s festive celebrations during this joyous time. At QIC, we take pride in offering a diverse range of insurance plans that cater to every traveler segment, ensuring worry-free journeys for everyone. Our travel... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading in Qatar and the MENA region, recently recognized 83 employees for their outstanding dedication and contributions to the company’s success at its annual Long Service Award Ceremony. The event, held on Monday, during the company’s Ramadan Suhoor gathering at the Marsa Malaz Kempinski, The Pearl, Doha, celebrated staff members who have been with QIC for significant milestones of service. The awards were presented by QIC’s executive management team to staff members from Qatar and the Group’s international operations. Employees were honored for their years of service, including those reaching five, ten, fifteen, twenty, twenty-five, and thirty-five years with the organization. Twenty-seven staff members received the award for five years of service, thirty-one for ten years, seventeen for fifteen years, four for twenty years, two staff members were honored for over twenty-five years, and two for thirty-five years of service. Mr. Rashid Al Buainain, Group Chief Administrative Officer of QIC, expressed his appreciation for the honorees, saying: “Today, we celebrate the dedication and hard work of our employees who have been fundamental to QIC’s transformation from a national insurance company to one of the leading insurance providers in the MENA region and beyond. Our success has always been rooted in the talent, diversity, and commitment of our workforce. As we continue to strengthen our policies and workplace culture, we remain focused on fostering a dynamic, inclusive, and forward-thinking environment for our employees. Your invaluable contributions are what drive us forward, and we will continue to... --- - Categories: Press Releases Oman Qatar Insurance Company (OQIC) celebrated its 20th anniversary on Thursday, February 13, at St. Regis Al Mouj, marking two decades of growth, innovation, and excellence in the Sultanate of Oman. The event was held under the patronage of Sheikh Mubarak bin Fahad bin Jassim Al Thani Ambassador of State of Qatar to The Sultanate of Oman, and was attended by esteemed guests, business partners, and employees. The celebration featured speeches by Chief Executive Officer Hasan Yaseen Al Lawati and Rashid Al Buainain, representative of Qatar Insurance Group, highlighting OQIC’s achievements and future vision. Reflecting on OQIC’s journey, Hasan Yaseen Al Lawati stated: "With great pride and appreciation, we gather today to celebrate twenty years of hard work and success, twenty years of innovation and progress, and twenty years of trust built with our partners and clients. This journey has not merely been a passage of time, but a path filled with achievements and challenges that have strengthened us and enhanced our ability to deliver excellence. " He also emphasized the company’s commitment to digital transformation and advanced technology, highlighting the importance of technological advancements in the company’s journey. He noted that investing in cutting-edge digital systems has significantly improved the speed and efficiency of insurance services, ultimately enhancing the customer experience. Following the CEO’s speech, Rashid Al Buainain highlighted OQIC’s remarkable growth as a subsidiary of Qatar Insurance Group and its strong presence in the Omani market. As part of the event, commemorative awards were presented in recognition of... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has signed a Memorandum of Understanding (MoU) with Alfardan Automotive, distinguished by its rich legacy in representing the most prominent automotive brands, to enhance digital offerings and transform car-related services in Qatar. The agreement marks a significant step forward in revolutionizing the digital experience of car owners and drivers in Qatar, as it brings together QIC’s digital leadership and Alfardan Automotive’s unmatched expertise in the automotive industry and excellence in customer service, redefining convenience, and efficiency in accessing car services in Qatar. As part of this collaboration, motorists in Qatar will have the convenience to access Alfardan Automotive’s services through the award-winning QIC App, and fulfill their car-related needs at their fingertips. This includes car rental options for select brands represented by Alfardan Automotive, including BMW, Mini, Land Rover, Jaguar, and many others, in addition to booking detailing services and repairs, such as mechanical and electrical repairs, vehicle check-ups, tire services, and much more at Alfardan Automotive’s centers. Commenting on the new partnership, Mr. Salem Al Mannai, Group CEO of QIC, said: “Our partnership with Alfardan Automotive paves the way to elevate the car-related digital landscape in Qatar. This is a major step within our journey towards building the region’s first insurance-powered digital ecosystem, catering to the needs of everyone seeking convenient, reliable, and high-quality digital services. The QIC App is designed to be a one-stop shop for all drivers and car owners’ needs in Qatar, and... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, convened its Annual General Assembly Meeting, yesterday, Wednesday, 26th February 2025, at the Ritz Carlton Hotel in Doha. The company presented its Annual Report highlighting outstanding financial performance and strategic growth across the business. The meeting was chaired by H. E. Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of the Board, and was attended by members of the executive management, shareholders, and representatives of regulatory authorities. The meeting discussed the Board of Directors’ report on the Company’s activities and financial position during the year ended 31/12/2024, the company’s future plans, balance sheet, and profit and loss account for the year. Additionally, the meeting approved the auditors’ report on the company’s financial statements for the year 2024, the Corporate Governance Report, and the company’s remuneration policy for the year 2025. Chairman’s Statement on Strong Profits and Strategic Growth Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of the Board of Directors of Qatar Insurance Group, remarked: “QIC’s net profit for the year reached QAR 735 million, marking a 19% year-on-year increase, as the company demonstrated remarkable resilience amidst global market challenges. This growth reflects the successful implementation of our strategic priorities. Our focus on profitable regional growth, particularly through personal lines and health segments, has paid off, with our domestic and regional Gross Written Premiums increasing by 39% to QAR 4. 8 billion. This shift, along with our exit from underperforming and high... --- - Categories: Press Releases Qatar Insurance Group (QIC Group), the leading insurer in Qatar and the MENA region, has launched its participation at Web Summit Qatar 2025, with its pavilion welcoming members of the global tech community and showcasing the Group’s commitment to pioneering the future of insurance and driving innovation regionwide. On the opening day of the mega-event, thousands of visitors flocked to the QIC pavilion to explore cutting-edge solutions revolutionizing the insurance industry and engage with QIC experts. The pavilion featured a series of thought-provoking sessions, including a panel discussion titled “Innovating for Tomorrow: The Future of Insurance in a Digital-First World” and talks covering rising trends in parametric insurance and digital transformation in the insurance sector. QIC also hosted a panel discussion on the latest trends in bancassurance, providing insights into the growing integration of banking and insurance, as well as a corporate innovation workshop facilitated by the QIC digital hub. On 25 February, the QIC pavilion will host a dynamic lineup of sessions, starting at 10:30 AM with a panel discussion themed “Revolutionizing InsurTech: Bridging Financial Services and Insurance for Better Coverage. ” At 11:15 AM, the MENA InsurTech Association will present insights into the InsurTech investment landscape in the region, followed by a fireside chat on startups and mental health at 12:45 PM. The afternoon will feature a panel discussion titled “Revolutionizing Risk: Investment Strategies in the Evolving Insurance Industry” at 2:00 PM, followed by a fireside chat led by QIC Digital Venture Partners and Epicure Investment Management on... --- - Categories: Press Releases Qatar Insurance Group (QIC Group), the leading insurer in Qatar and the MENA region, has announced its participation in Web Summit Qatar 2025, taking place from 23 to 26 February at the Doha Exhibition & Convention Center (DECC). "Themed 'The Future of Insurance, Powered by QIC,' QIC Group’s participation at this year’s Summit focuses on leveraging the Group’s regional leadership to shape the future of the industry across the Middle East and North Africa. Showcasing the future of insurance through cutting-edge technology and innovation, QIC aims to nurture disruptive Insurtechs and digital ecosystems that are poised to grow from the region to the world. "Mr. Salem Al Mannai, Group CEO of QIC, said: “Being the leading insurer in the MENA region and the locomotive of digital innovation regionwide make us at QIC better positioned to anticipate the future of insurance, and to help other regional players get ready to navigate consumer behavior change, demand shifts, and to cope with global trends. ” Al Mannai added: “Capitalizing on QIC’s repertoire of continuously challenging the status quo of regional insurance since 1964, along with our digital vision and relentless investments in cutting-edge solutions is needed more than ever for a thriving future of the industry in the region. This includes our QIC Digital Venture Partners to build new digital ventures and invest in high potential early-stage Insurtechs, the QIC digital hub establishing the region’s first insurance-powered digital ecosystem, in addition to the QIC-founded MENA InsurTech Summit and MENA InsurTech Association as pivotal... --- - Categories: Press Releases In a bold move to strengthen its regional leadership and global expansion, Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has announced strategic investments in three insurtech startups. These investments come with ambitious plans for expansion, not only in the Middle East but also into new global markets relevant to each company. Through these partnerships with Jaguar Transit, MIC Global, and Digital Petroleum, the Group aims to offer innovative insurance solutions in key GCC markets, including Qatar, Saudi Arabia, and the UAE, as well as emerging markets in Asia such as Singapore and India, and developing African markets. The MoUs were signed at Qatar Insurance Group’s headquarters, where Group CEO Mr. Salem Al Mannai, alongside Japhire Gopi Kannan, Founder and CEO of Jaguar Transit; Mike Eksteen, SVP Global Partnerships & Innovtion MIC Global; and Fakhruddin Murabet, Chief Technology Officer of Digital Petroleum, formalized the agreements. Mr. Salem Al Mannai, said, “The global insurance industry is undergoing rapid transformation, and Qatar Insurance Group is already leading this change in the MENA region. Our investments in these companies reflect our commitment to embracing technology to deliver smarter, easier, and more innovative insurance solutions. These partnerships will help us take the insurance industry to new heights, meet changing customer needs, and enhance our profitability over the long term. ” These companies are part of the Group supported "MENA InsurTech Accelerator Program and represent one of the outcomes of its annual regional forum, the “MENA Insurtech Summit,” headquartered in... --- - Categories: Press Releases Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported net profits of QAR 735 million for the year 2024, a rise of 19% from QAR 615 million in the previous year. Following a meeting of the Board of Directors, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the board approved the financial results. Commenting on QIC’s financial performance, Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “The year 2024 marked the landmark 60th anniversary for QIC, and the Group is poised to enter its seventh decade in robust health. Having demonstrated its resilience, QIC has consolidated and further built upon this progress over the past twelve months with excellent results which underlines the success of the Group’s commitment to its longer-term strategy: focusing on growth in profitable national and regional markets, while reducing exposure to international volatility by exiting loss making businesses. QIC continues to maintain its dominant position in the Middle East and North Africa region, as the largest insurance group, in terms of both total assets and total equity. ” Sheikh Hamad bin Faisal Al Thani added: “With focus on bottom line driven growth, over the past years QIC had been able to optimize and stabilise its underwriting portfolio with a balanced and well diversified lines of business across the regional and international markets”. Mr. Salem Khalaf Al Mannai, Group Chief Executive Officer... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned “Insurer of the Year in Qatar” at the prestigious MENA II Awards 2025 (formerly the MENA IR Awards) for the fourth consecutive year. QIC received this recognition at the program’s annual ceremony held last week in Dubai, which was attended by representatives from insurers, regulators, and rating agencies across the region. This award highlights QIC’s exceptional strategy and its milestones in establishing the region’s first insurance-powered digital ecosystem. Over the past 12 months, QIC has excelled in delivering cutting-edge insurance and non-insurance solutions through its award-winning mobile application (QIC App), web portal (qic. online), and other distribution channels. As a result, QIC has been able to offer a wider range of retail customer segments in Qatar and other key GCC markets the convenience of managing their insurance needs, from onboarding to claims, while ensuring financial protection and the ability to live, drive, and travel worry-free with QIC. Mr. Salem Al Mannai, CEO of QIC Group, said: “Our consistent presence in key rankings and recognition by prestigious awarding bodies, such as the MENA II Awards, are strong testaments to QIC’s success in transforming the insurance landscape regionwide. Customer convenience has always been a top priority for us at QIC, and this is the true secret to our status as the most trusted insurer in Qatar for more than six decades. We remain committed to rewarding our customers’ loyalty with the best and most innovative solutions... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has introduced new features on its award-winning mobile application (QIC App), offering drivers and car owners extra convenience to fulfill their car-related needs. QIC App users can now request to rent cars from selected dealerships and agencies using the application’s rental feature. The service is innovatively designed to help customers easily find the car that meets their needs, and to communicate with the service providers and close the deals in further steps. In addition, vehicle owners can use the QIC App to request booking repairs and detailing services, including mechanical and electrical repairs, vehicle check-ups, tire services, full car detailing and protection services offered by top providers in Qatar. Users can also request home car wash services from trusted 24/7 service providers on QIC App, and enjoy the convenience of having their vehicles cleaned anytime and anywhere in the country. As part of the new update, QIC has also launched the price checker service on its app, which allows users to find out the fair market price of used vehicles in Qatar. This feature is designed to help customers make informed decisions before buying or selling used cars, and get better comprehensive insurance premiums based on the market value of their vehicles. Mr. Ahmed Al Jarboey, QIC Chief Operating Officer - Qatar Operations, said: “Our app is designed to be a one-stop shop for all drivers’ and car owners’ needs in Qatar, and I am confident that... --- - Categories: Press Releases In commemoration of Qatar National Day, Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has rolled out a special art initiative celebrating the values of unity, national pride and sense of belonging to Qatar through the work of local artists. Themed "Qatar. Unity. Future", the initiative involves award-winning Qatari visual artist Abdulaziz Yousef, multi-disciplinary Qatari artist Sheikh Mubarak Nasser Al-Thani, Qatar-based Lebanese graphic and motion designer Rami Kanso, and Qatar-based Canadian artist and textile designer Paula Bouffard, who collaborated with QIC to create exclusive digital artworks reflecting Qatar’s national unity, and translating the commitment of citizens and residents to give back to Qatar, all in an expressive artistic language. The artistic creations are showcased in a virtual exhibition on QIC Blog, and displayed on out-of-home banners in Lusail Marina Promenade and The Pearl until 22 December. The artworks were also repurposed and printed on limited edition QIC merch, which is being distributed for free at the QIC branches in Qatar. Commenting on the initiative, Mr. Rashid Al-Buainain, QIC Group Chief Administrative Officer, said:“The National Day is a special occasion and an opportunity for all citizens and residents of Qatar to show their attachment and love for the country, and art is certainly one of the most expressive ways to demonstrate the values of national unity and social harmony that distinguish Qatar. As a national company, QIC has always been committed to working closely with local talents, and our “Qatar. Unity. Future" initiative is indeed a... --- - Categories: Press Releases Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region, was recognized for its role as the official insurance sponsor of the sixth edition of the Samla Race during the 2024 awards ceremony. Held on Tuesday at the Qatar National Convention Centre (QNCC), the event celebrated the champions, sponsors, and key contributors to the success of this prestigious national endurance competition. As part of its ongoing commitment to corporate social responsibility (CSR) and the promotion of Qatar's national sports agenda, QIC Group proudly supported the Samla race, aligning with its mission to foster athletic excellence and community engagement. The awards ceremony was graced by the presence of several distinguished guests, including HE Minister of Sports and Youth Sheikh Hamad bin Khalifa bin Ahmed Al-Thani, HE Chairperson of Qatar Media Corporation Sheikh Hamad bin Thamer Al-Thani, and Mr. Azzam Al-Mannai, CEO of the Samla Race Organizing Committee. Other partners and participating champions also attended the event. Accepting the award on behalf of QIC Group, Mr. Rashid Al-Buainain, Group Chief Administrative Officer, emphasized the company’s dedication to community impact: “For over six decades, Qatar Insurance Group has remained committed to its social responsibility. CSR is a cornerstone of our identity as a leading Qatari company, compelling us to actively support the country’s sports and cultural initiatives. This commitment reflects the holistic vision of Qatar’s leadership, particularly in achieving the human development goals outlined in Qatar National Vision 2030. ” He added, “We were honored to once again... --- - Categories: Press Releases Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region, has announced its sponsorship of the Qatar Travel Mart (QTM) 2024, for the third time in a row, held at the Doha Exhibition and Convention Center from 25 to 27 November 2024. QTM 2024 will feature a QIC pavilion where both visitors and travel experts can discover the company’s latest insurance products and find out how QIC contributes to the financial well-being of outbound and inbound travelers. Commenting on this sponsorship, Mr. Salem Al Mannai, QIC Group CEO, said: “Travel and tourism are critical components of Qatar's economic diversification strategy and are significant contributors to Qatar's GDP. The increased economic activity creates a ripple effect, enhancing the demand for ancillary services, including insurance. Being the official insurance sponsor of QTM 2024 reflects this dynamic interplay between the travel and tourism sector and the insurance industry and our commitment to contributing to initiatives that aim to cement Qatar’s position as a major regional hub for inbound tourism. ” QIC expects demand for inbound and outbound travel to keep surging this winter, with more Qatar-based travelers opting for winter trips, and further international visitors arriving in Qatar in December 2024 and January 2025. According to QIC’s statistics, 90% of travelers who have already planned their trips during the winter peak season with a QIC policy in hand are considering vacations lasting 2 weeks or more. 65% of QIC outbound travel policyholders who have already scheduled their winter... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, and Ooredoo Group, have entered into a strategic collaboration by signing a Memorandum of Understanding (MoU) at the Ooredoo Group Digital Ecosystem Conference, which took place on Wednesday, November 20, 2024, at the Ritz Carlton Hotel. The MoU was signed by Mr. Salem Al Mannai, CEO of Qatar Insurance Group, and Mr. Aziz Aluthman Fakhroo, CEO of Ooredoo Group and was the main highlight of the conference, underscoring the importance of this strategic collaboration which aims to harness the combined strengths of both companies to develop and offer innovative, customer-centric insurance solutions, revolutionizing the way insurance and telecommunications services are delivered. This landmark partnership between Qatar Insurance Group and Ooredoo Group is set to pave the way for transformative changes within the insurance and telecommunications sectors, further solidifying their positions as leaders in their respective fields. This collaboration will integrate QIC’s expertise in risk management with Ooredoo’s advanced telecommunications infrastructure to create seamless insurance solutions that will set a new standard in service delivery. By combining real-time data, mobile connectivity, and personalized insurance products, the partnership will offer cyber insurance products (SME and personal), microinsurance products, SME products, smartphone and gadget protect products, , mandatory visitor insurance in combination with Ooredoo SIM cards, and commercial insurance products for their respective group entities. A Vision for a connected future “We are excited to embark on this strategic partnership with Ooredoo, which reflects our commitment to delivering cutting-edge insurance... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has once again demonstrated its unwavering commitment to community service and public health by organizing its annual blood donation drive. The event was held at QIC's headquarters in West Bay, Doha, in collaboration with Hamad Medical Corporation’s (HMC) blood donation center. This year's campaign, like its predecessors, highlighted the importance and lifesaving potential of blood donations. QIC employees enthusiastically participated, reinforcing the Group's dedication to fostering a culture of philanthropy and social responsibility. Rashid Al-Buainain, Group Chief Administrative Officer, remarked, “As the leading Qatari insurance company, we remain steadfast in our commitment to being responsible members of our society. We actively promote a corporate culture that encourages our staff to engage in meaningful philanthropic activities, resulting in tangible social impact. Blood donation is a simple yet profoundly significant way we can support one another. The consistent remarkable turnout and continued success of these drives underscores QIC's role in supporting public health initiatives and enhancing community well-being. ” This blood drive marks the seventh annual campaign for QIC, aiming to bolster the national blood bank. It has become a cornerstone of the Group’s corporate social responsibility program, which addresses crucial issues such as access to education, health, sports, culture, and environmental sustainability. About QIC Group Qatar Insurance Company Q. S. P. C (QIC, QIC Group) is a publicly listed insurer with a consistent performance history of 60 years and a global underwriting footprint. Founded in 1964, QIC was... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced the launch of its digital blog qic. blog, the company’s new corporate content and insurance literacy platform designed to promote insurance culture within the community and to foster easy understanding of everyday life in Qatar. qic. blog offers up to date, informative content in both English and Arabic, including articles covering topics that range from car insurance and licensing, driving in Qatar, trends in tourism and travel to and from Doha, medical insurance and healthcare tips and other topics related to living worry-free in Qatar. The blog will soon feature the “Insurance Dictionary” service, set to be the first online dictionary dedicated to insurance in Qatar, and providing concise and precise explanations of essential and frequently used terms in the world of insurance. Commenting on the launch of the new platform, Mr. Rashid Al-Buainain, Group Chief Administrative Officer, said: “We are happy to introduce this first-of-its-kind platform in Qatar as an addition to our existing web and mobile channels, in line with QIC’s commitment to help our community members better understand their insurance needs, and thereafter be able to make informed decisions when choosing the insurance products that best respond to their needs, and guarantee the financial protection and peace of mind they all deserve. We look forward to continuing to improve our new content platform with additional features and services, and we are confident that the qic. blog will be a game changer when... --- - Categories: Press Releases Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region, successfully hosted the "Little Employee Initiative,” welcoming 58 staff children aged 7 to 15 to the workplace for a day filled with engaging and educational activities. The "Little Employee Initiative" is a collaborative effort with the Qatar Career Development Center (QCDC), founded by the Qatar Foundation (QF) and is in its 4th iteration. The program continues to empower young minds by exposing them to various professional fields, thereby sparking their interest in future careers and instilling a sense of responsibility and work ethic. The activities were designed to provide the young visitors with a glimpse into the daily operations of the staff at QIC, fostering a greater understanding of insurance and appreciation for the work among families, while also offering a unique and enjoyable experience for everyone involved. Throughout the day, children were guided on educational tours to learn about the work of different departments, engaged in creative activities, and spent time with their parents or relatives to understand their roles better. The day concluded with each child receiving a certificate, commemorating their participation and learning experience. Mr. Rashid Al-Buainain, QIC Group Chief Administrative Officer, expressed his delight at the event’s success, stating, “The 'Little Employee Initiative' is a fantastic opportunity for our young visitors to gain insight into the insurance industry and appreciate the hard work and dedication of our staff. We believe that such initiatives are vital in nurturing a sense of curiosity... --- - Categories: Press Releases Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported a net profit of QAR 525 million for the first nine months of 2024, compared to QAR 453 million over the same period in 2023. Following a meeting of the Board of Directors dated 29 October 2024, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC’s strong momentum over the first nine months of 2024 has been reflected in another outstanding set of results. The company has focused intensively on strengthening its position in domestic and MENA markets – where Gross Written Premiums have increased 43%, compared to the same period in 2023. This is evident in the growth coming from its direct GCC business, arising from health and personal lines business, as well as the recognition it has received for offering an unparalleled digital experience to customers – across several business lines – at the region’s most respected industry awards. ” Sheikh Hamad bin Faisal Al Thani added: The reduction in global inflation we have seen this year suggests that the outlook for the macroeconomic climate is becoming more encouraging, though challenges certainly persist. QIC’s long term strategy of reducing exposure to underperforming international markets – augmented most recently by the strategic restructuring of its UK motor business – positions the... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, commemorated Breast Cancer Awareness month with an initiative aimed at increasing medical awareness of breast cancer and emphasizing the critical importance of early detection among the company's female workforce. The initiative featured comprehensive presentations by the Qatar Cancer Society and Qatar Biomedical Research Institute. These presentations educated female staff on risk factors, prevention strategies, early screening methods that can save lives, answered frequently asked questions. Additionally, a flower workshop provided a therapeutic and engaging activity for participants while reinforcing the significance of mental well-being as part of a holistic approach to wellness. "Qatar Insurance Group is committed to supporting awareness initiatives that enhance the well-being of our community," said Mr. Rashid Al-Buainain, QIC Group Chief Administrative Officer. "This campaign underscores our dedication to raising awareness about health issues and showcases our unwavering support for those affected by breast cancer. " As the leading insurer, QIC is steadfast in promoting medical awareness and encouraging the adoption of a healthy lifestyle to mitigate the risks of developing critical diseases. This endeavor is an integral part of QIC Group’s Corporate Social Responsibility (CSR) activities, reflecting ongoing efforts to provide value and benefit the community. About Qatar Insurance Group Qatar Insurance Company Q. S. P. C (QIC, QIC Group) is a publicly listed insurer with a consistent performance history of 60 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been recognized as General Insurance Company of The Year 2024 in Qatar by The Asset Triple A Private Capital Awards. This prestigious accolade highlights QIC’s success in cementing its leadership position, and the company’s remarkable contribution to reshaping the general insurance landscape in Qatar over the past few months. The award also recognizes QIC’s excellence in digitizing its key general insurance products, namely motor, travel and home insurance, offering customers seamless journeys and the ability to be in full control of their insurance needs via web and mobile channels. Commenting on the award, Mr. Salem Al Mannai, Group CEO of QIC, said: “Our acknowledgement among the top-performing and innovative financial institutions of the year in Asia by The Asset is a testament to the success of QIC’s business strategy that combines customer-centricity, digital innovation, and operational growth. This recognition also reflects the ongoing trust customers have in the QIC brand as the insurer of choice in Qatar since 1964, which motivates us the most to remain committed to excellence and to offer everyone in Qatar the best financial protection that helps them live, travel and drive worry-free. ” The Asset Magazine is one of Asia’s leading financial publications providing in-depth coverage and analysis of financial news, addressed to a distinct community of financial decision-makers continent-wide. This year, The Asset Triple A Awards’ programs celebrate 25 years of being the pre-eminent recognition of excellence for financial institutions... --- - Categories: Press Releases Qatar Insurance Group (QIC Group), the leading insurer in Qatar and the MENA region, has announced the signing of an agreement with the Organizing Committee of the Samla Race to support the sixth edition of the national endurance competition “Samla 2024” , continuing its role in highlight Qatar and Doha as a global sports capital. The agreement, signed on Wednesday, September 11 at Qatar Insurance Group's headquarters in West Bay, was signed by Mr. Salem Al Mannai, Group CEO of QIC Group, and Mr. Azzam Al Mannai, CEO of the Organizing Committee of the Samla Race, designates Qatar Insurance as the official insurance sponsor of the event. The race will take place from December 5 to 7 over a distance of 200 kilometers, featuring swimming, running, shooting, kayaking, and mountain biking. It is expected to see a record participation rate this year. "This agreement reflects Qatar Insurance Group's commitment to supporting the national sports scene. It aligns with our social responsibility and supports the country's efforts to raise awareness of sports' importance in the lives of individuals and communities. This is in line with the Qatar National Vision 2030 and in recognition of the significant impact of this distinguished event on Qatari society”, said Mr. Salem Al Mannai. He added, "Samla is a challenging event that showcases endurance and determination, reflecting the resilience of Qatari youth. We look forward to strong competition, sportsmanship, and watching athletes overcome the challenges of Samla, serving as a source of inspiration and pride for... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has concluded its annual summer internship program with an award ceremony held on Thursday, August 29th. The event provided an opportunity to acknowledge students from different schools and academic institutions who took part of this year’s program. This year, QIC’s Summer Internship Program which ran from June to August was meticulously designed to help interns discover which direction they would like to take their careers in the future. The paid internship offers qualified high school students a meaningful, career-oriented experience with world-class mentors who help guide them through their projects and will continue to support them even after the internship is finished. This year, the interns were exposed to different aspects of the insurance business, such as underwriting, claims, risk management and customer service, and trained with departments such as human resources, information technology and legal. They also participated in various workshops where they learned from the experts and gained practical real world business experience. The program aimed to inspire the students to pursue a career in the insurance industry and to develop their skills in communication, teamwork, problem-solving, and innovation. QIC Group Chief Administrative Officer Mr. Rashid Al-Buainain praised the interns for their enthusiasm and dedication, he said, "We are very proud of our summer internship program, a a yearly initiative that is part of our corporate social responsibility and our commitment to supporting the education and development of the youth in Qatar. We believe that... --- - Categories: Press Releases Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East and North Africa (MENA) region, has reported a net profit of QAR 360 million for the first half of 2024, rising 11% from QAR 325 million over the same period in 2023. Following a meeting of the Board of Directors dated 14 August 2024, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC’s excellent H1 financial results reflect the strong momentum the company has built in the first six months of 2024. The Group is focused primarily on growing its presence in domestic and regional markets – an approach which has been bolstered by continued investment in its already best-in-class digital services. ” Mr. Salem Al Mannai, Chief Executive Officer of QIC Group, said: “In a very promising set of results for H1 2024, the backbone of QIC’s robust financial performance continues to be the company’s exceptional operational efficiency, supplemented by a deliberate shift towards increasing the proportion of premiums generated in the MENA region. This is reflected in the fact that the domestic and MENA GWP increased by 44% year-on-year to QAR 2. 7 billion. As we move into the second half of the year, QIC is proactively pursuing further opportunities to create process efficiencies and foster automation, while continuing to prioritise growth in its profitable business... --- - Categories: Press Releases Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the MENA region, announces a strategic restructuring of its UK motor business. This restructuring is in line with QIC Group's strategy to streamline loss-making and low margin businesses and to bring the international operations of the Group back to profitability. By successfully completing this restructuring, the Group is confident that its international business will continue reporting consistent profitability by focusing on less volatile lines of businesses. This restructuring positions the Group for a greater stability and profitability with controlled exposure to UK Motor as a reinsurer instead of direct insurer. As part of this decision, QIC Group will continue to own the Gibraltar-based subsidiaries, West Bay Insurance Plc and Markerstudy Insurance Co. Ltd. These companies will continue to service their existing customers in the normal course of business. The Group will therefore no longer classify the companies as a disposal group held for sale and discontinued operation. Commenting on the transaction update, Mr. Salem Al Mannai, QIC Group CEO, said: “This decision has been taken in accordance with the Group’s approach to rebalance its international and regional operations. We are pleased with the outcome, we look forward to further implementing our strategy, which has, so far, brought us significant success and improved consistent profitability. ” Qatar Insurance Company Q. S. P. C (QIC, QIC Group) is a publicly listed insurer with a consistent performance history of 60 years and a global underwriting footprint. Founded in 1964, QIC was... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, received the “Mobile App of The Year in Qatar” accolade at the Insurance Asia Awards 2024, in recognition of QIC’s qd Drive mobile app and its significant contribution to taking the digital experience of motorists in Qatar to the next level. qd Drive is QIC’s newest mobile concept, designed to make drivers’ lives easier and their experiences on the roads safer. The application is innovatively built to be a one-stop shop for drivers’ comprehensive insurance needs, bringing a variety of digital features at their fingertips and allowing them to be in full control of their insurance journey. The app’s key features include buying and renewing policies in a few taps, payment of monthly insurance installments, accident claims management, insurance status tracking with live updates and other features that help every motorist drive worry-free. Commenting on the award, Mr. Salem Al Mannai, QIC Group CEO, said: “We are pleased to be recognized at this year’s Insurance Asia Awards for our significant contribution to taking Qatar’s mobile insurance landscape to the next level, and for reshaping the digital insurance experience of motorists in the country. The launch of qd Drive was a key step in our ambitious strategy to build our own insurance-powered mobile ecosystem, and we look forward to continue bringing our customers more innovative features on the app and to constantly upgrading our digital offerings in Qatar and the region. ” Insurance Asia Magazine is a biannual... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, celebrated the graduation of the ninth cohort of the national program "Kawader Malia", which it has sponsored for three years as part of its corporate social responsibility and commitment to developing the human capital in Qatar. This year, 75 students graduated from the program, bringing the total number of alumni to 324 since its launch in 2013. The event was attended by several dignitaries and senior executives from the banking and financial sector, as well as representatives from Qatar Finance and Business Academy, the organizer of the program in collaboration with Qatar Central Bank (QCB) and other strategic partners. Salem Al Mannai, Chief Executive Officer of QIC Group congratulated the graduates and praised their achievements, saying: "We are proud to be part of this prestigious program that contributes to the development of the Qatari talent and prepares them for the future challenges and opportunities in the financial sector. Qatar Insurance Group has always been keen to support the national initiatives that align with the Qatar National Vision 2030 and the strategic goals of the financial sector. We believe that investing in human capital is the key to achieving sustainable and diversified economic growth and enhancing Qatar's position as a regional and global financial hub. " He added: "We are delighted to have sponsored Kawader Malia for the past three years and to have hosted some of the participants in our company for practical training and exposure to... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, received three titles at Global Brands Magazine Awards 2024. QIC has been crowned Best Digital Insurance Brand in Qatar, Best Insurance Website in Qatar, and Best Car Insurance Mobile App in Qatar. Commenting on these awards, Mr. Salem Al Mannai, QIC Group CEO, said: “We are happy to be recognized once again for our excellence in providing top-notch digital solutions, and bringing innovative insurance experiences that best respond to our customers’ living, driving, and traveling needs in Qatar and beyond. Our digital strategy at QIC prioritizes the customer over anything else, and this is our secret for being the insurer of choice in Qatar and a brand that is associated with innovation and seamless customer experiences at a regional level. ” These awards came following QIC’s success to introduce personalized features on its award-winning portal (qic. online), which now offers each customer segment customized onboarding streams tailored to their needs, namely for motor, outbound travel, and mandatory visitors’ health insurance products. The company has also continued upgrading its mobile insurance offerings, with new features and services on the qd Drive app; QIC’s leading product designed to make the drivers' lives easier and their experiences on the roads safer. These upgrades have significantly reduced turnaround time for QIC’s customers, namely during the onboarding process, and the company has reached new record levels of customers' reliance on online channels to fulfill their insurance needs. Headquartered in the UK, the... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, celebrates the approaching summer travel season and end-of-year school holidays, offering outbound travelers the best travel insurance covers and the fastest online experience in Qatar at competitive rates. Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - Qatar Operations, said: “Summer is the most favorite travel season for the community in Qatar, and we are happy to offer a variety of insurance plans that were designed to help travelers enjoy worry-free and memorable trips this summer. Our travel insurance plans are carefully curated to protect travelers from unforeseen financial burdens and unexpected travel problems, and thanks to the unique online experience we offer at QIC, we are confident that Qatar-based travelers will once again have happy and safer trips this summer. ” QIC’s “Worldwide Plan” is the ideal option for travelers to all parts of the world this summer. With this insurance plan in hand, travelers from Qatar will get solid financial coverage against various unforeseen travel hassles, such as medical treatments and medical emergencies abroad, travel delays and missed departures, or the loss of luggage or passport during their summer trip. The “Fly Europe Plan” is designed exclusively for travelers heading to the Schengen countries and other European countries, covering both medical treatments and emergency medical assistance in their European country of destination with a limit of $50,000. Travelers from Qatar to the Indian subcontinent, to Southeast Asia or to the neighboring GCC countries can get... --- - Categories: Press Releases The MENA Insurtech Summit 2024, the premier event for insurance and insurtech stakeholders in the Middle East and North Africa region, concluded on a high note, yesterday, on 13 May in Doha, Qatar. Powered by Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, and partners, the three-day summit, which was held under the theme ‘AI Impact on the Insurance Value Chain’, brought together 1,500 participants including 120 speakers, 40 insurance companies, 40 investors, 50 insurtechs, and an assembly of experts, entrepreneurs, regulators and technology partners from across the region and beyond to explore the latest trends and opportunities in the region's fast-growing insurtech ecosystem. The summit featured a rich and diverse agenda that covered a wide range of topics related to the impact of artificial intelligence (AI) on the insurance industry, such as: the insurtech investment landscape in MENA and globally, and how to attract and secure funding from different sources; how generative AI can accelerate the digital transformation of the insurance industry by creating personalized and dynamic products, services, and experiences for customers and stakeholders. Moreover the sessions discussed insights and tips for establishing and scaling insurance companies in the region; the challenges and opportunities faced by entrepreneurs and incumbents alike; and AI's role in shaping the careers and skills of the future workforce in the insurance industry, and how to foster a culture of learning, innovation, and collaboration among employees and teams. Additionally, the summit explored the journey of building a global insurtech... --- - Categories: Press Releases The largest insurtech event in the Middle East and North Africa will take place in Doha, Qatar from May 11 to 13, 2024, at Park Hyatt Hotel, under the theme ‘AI Impact on the Insurance Value Chain’. Powered by QIC Group, the leading insurer in Qatar and the MENA region, through its Digital Partner’s Unit (QIC/DVP), the MENA Insurtech Summit 2024, in its third edition continues to bring together insurance executives, startups, investors, regulators and technology providers to explore the opportunities and challenges of Artificial Intelligence (AI) solutions on digitalization, automation, and personalization in the insurance sector. The summit will showcase the latest trends, best practices, and case studies of how AI is reshaping the insurance value chain, from product development and distribution to underwriting and claims management. This year's summit is organized by the MENA Insurtech Association, a membership-based association, established two years ago and spearheaded by Qatar Insurance Group through the Digital Partners Unit (QIC DVP) to build the regional insurtech ecosystem by connecting innovations and talent with partners and capital. Announcing the summit, Salem Al Mannai, Chief Executive Officer of QIC Group and Chairman of the MENA Insurtech Association, said, “We are delighted to host the MENA Insurtech Summit for the third year in a row, reflecting our commitment to innovation and excellence in the insurance sector. AI is not only a technological innovation, but also a strategic imperative for the insurance industry as it undergoes rapid and profound changes driven by technology. We believe that this... --- - Categories: Press Releases Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported a net profit of QR 194 million for the first quarter of 2024, rising from QAR 175 million over the same period in 2023 with a 11% growth. Following a meeting of the Board of Directors dated 29th April 2024, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC begins 2024 in excellent financial health. The first quarter of the year saw the company consolidate and build upon the progress it made over the previous year – with a renewed focus on strengthening profitable domestic and regional businesses, extending its exceptional digital offering, and strategically improving its international operations while reducing exposure to underperforming markets. In spite of a global macroeconomic environment that remains uncertain in the near term and geopolitical challenges, QIC continues to enjoy robust growth through its core business lines, strong financials, and stable sources of income. ” Mr. Salem Khalaf Al Mannai, Chief Executive Officer of QIC Group, said, “QIC has delivered a very encouraging set of results in Q1 2024, with the highlights including major growth in its MENA direct business. Gross Written Premiums for the period stood at QAR 2. 75 billion – a result underpinned by the company’s strategy of increasing the proportion of its... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned “Best Travel Insurance Company in The Middle East” for the second consecutive year at the Global Banking & Finance Review Awards 2024. This prestigious accolade comes in recognition of QIC’s outstanding performance at the levels of travel products’ digitalization and customer service excellence regionwide, offering both outbound and inbound travelers the most convenient online experiences with extensive coverage that makes their trips to and from the region safer and more enjoyable. As part of its commitment to offering easier and better access to travel insurance for everyone, QIC introduced a series of market-first products over the past few months, including the fastest online solution to get visitors’ mandatory health insurance in Qatar, in addition to reaching record levels of reduction in turnaround time for outbound policy purchase in under two minutes via qic. online. Mr. Salem Al Mannai, Chief Executive Officer of QIC Group, said: “Winning this award for the second year in a row is a strong testament to our continuous success in taking travel insurance to higher levels regionwide, offering travelers the best cover and the most convenient digital services. QIC has proudly been the preferred insurer in Qatar and beyond since 1964. Our presence in regional markets since then has allowed us to build a unique understanding of the ever-changing needs of travelers to and from the MENA region, and to keep exceeding the expectations of customers through innovative insurance products,... --- - Categories: Press Releases Qatar Insurance Group (“QIC Group”, “QIC”), presented 125 employees in Qatar and across the Group’s regional and international operations with long service awards in recognition of their dedication and invaluable contribution to the leading insurer in Qatar and the Middle East North Africa (MENA) region. The ceremony was held during the yearly Ramadan suhoor event hosted by QIC for its staff at the St. Regis hotel in Doha where honorees were presented with the awards by members of the Group’s Chief Administrative Officer, Mr. Rashid Al Buainain. 65 staff members received the award for five years of service, 19 for 10 years, 30 for 15 years, six for 20 years and five staff members were honored for over 25 years of service. The event also coincided with the Group’s 60th anniversary, a momentous milestone that reflects collective achievement and resilience. Group Chief Administrative Officer, Mr. Rashid Al Buainain, thanked the staff for their many years of dedicated service saying, “Today we celebrate your individual and collective achievements that have contributed to QIC’s journey which began as a national insurance company to now becoming the largest insurance group in the MENA region with a strong presence across the globe. ” “We continue to be driven by a commitment to delivering innovative products and an unparalleled standard of customer experience while contributing to the growth of Qatar’s economy, none of which is possible without each and every staff member’s commitment, whom we recognize as the backbone of the Group. We also recognize... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has officially opened its interactive edutainment establishment at the KidzMondo Doha theme park in the Mall of Qatar. Designed to help youngsters boost their self-confidence and realize their full potential, the QIC mini branch offers a fun-filled introduction to the world of insurance and its related industries, including customer services, money and risk management, and much more. Children will also get the exciting opportunity to practice their learnings by taking the roles of underwriters, customer service agents, surveyors, and insurance adjuster in an interactive way. Further to ending up their journey at QIC with a basic knowledge of how insurance works, children will get compensated for their work with some Kidlars (KidzMondo’s own currency) which they can spend across the mini city. Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - Qatar Operations, said: “Our new partnership with KidzMondo Doha comes as part of our insurance literacy initiatives, and in line with QIC’s core social responsibility vision to empower the younger generation in Qatar, and be part of their growth journey towards becoming true leaders in the future. We are confident that our presence at KidzMondo Doha will be a remarkable contribution to the edutainment offerings of the theme park, and I would like to invite all parents to bring their little ones to our establishment and let them expand their knowledge while having fun with QIC. ” Qatar Insurance Company Q. S. P. C (QIC, QIC... --- - Categories: Press Releases Qatar Insurance Group (QIC, QIC Group), the leading insurer in Qatar and the MENA region, held yesterday, Wednesday, 06 March, its General Assembly Meeting at the Ritz Carlton hotel in Doha, Qatar. The meeting was chaired by H. E. Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of the Board, and was attended by members of the executive management, shareholders and representatives of regulatory authorities. The meeting discussed the Board of Directors' report on the Company's activities and financial position during the year ended 31/12/2023; the company’s future plans; balance sheet, and profit and loss account for the year. Additionally, the meeting approved the auditors' report on the company's financial statements for the year 2023; the Corporate Governance Report for 2023; and the company's remuneration policy for the year 2024. His Excellency Sheikh Hamad bin Faisal bin Thani Jasim Al Thani affirmed: QIC with its robust and solid capital base and the effective execution of its set strategy returned to profitability, performing strongly across all its business verticals in 2023. For the full year 2023, the Group reported a net profit of QAR 601 million (excluding minority). Furthermore, all MENA and international insurance operations delivered profitable results reflecting the success of the change in strategy. Consequently, QIC has succeeded in reinforcing its position as a market leader through further expanding its profitable domestic market business in Qatar and the MENA region, as well as international markets while continuing to move away from volatile and high-risk international markets. The... --- - Categories: Press Releases Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region, has announced its participation in the Web Summit Qatar 2024, taking place today and until Thrusday the 29th of February 2024 at the Doha Exhibition & Convention Center (DECC). QIC’s participation in the world’s largest technology conference will include a special QIC Digital Hub booth, which will act as a unique platform to display the company’s latest digital offerings, and its future plans related to developing the digital landscape in Qatar and across the wider Middle East region. QIC Digital Hub’s presence at the summit will also be an opportunity for participants including entrepreneurs, representatives of private sector companies and investors from all over the world to exchange views and ideas on the future of digital services regionwide, and to discuss potential cooperation opportunities with QIC and like-minded actors in the tech world. Furthermore, QIC’s presence at the Web Summit will include the participation of its Digital Venture Partners unit (QIC DVP) in hosting three masterclasses in cooperation with the Qatar Research Development and Innovation Council on 27, 28, and 29 February. These masterclasses will cover the state and future of the insurtech ecosystem in the MENA region, and key trends related to building and investing in insurtechs regionwide. QIC DVP will also showcase the MENA InsurTech Association, and its leading efforts to encourage insurtech innovators through various initiatives across the region, such as the MENA Insurtech Competitions which aim to attract and support the... --- - Categories: Press Releases Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported net profits of QAR 615 million for the year 2023, compared to a net loss of QAR 1,183 million for the previous year. Following a meeting of the Board of Directors yesterday, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results. Commenting on QIC’s financial performance, Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “The past 12 months have overseen a key turnaround story at QIC. The company has continued to strengthen its position in profitable domestic market business in Qatar and the MENA region, with Gross Written Premiums growing 25% year-on-year. Meanwhile, the effectiveness of our deliberate strategy over the past few years to exit our loss making and low margin international business has been clear, demonstrated by the Group’s return to healthy net profitability. While global macroeconomic headwinds persisted, particularly in early 2023, there were promising signs in the latter half of the year that inflation is easing, and interest rates have peaked. Having decisively cut our exposure to more volatile international risks, QIC is well positioned to take advantage of this improving economic environment in 2024 – and to extend our market-leading levels of customer service and reputation for digital innovation in both domestic and international insurance markets. “QIC has moved confidently forward from a loss-making 2022 to... --- - Categories: Press Releases Qatar Insurance Company (QIC), has been named “Insurer of the Year in Qatar” for the third consecutive year at the prestigious MENA IR Awards 2024. The recognition took place at the program’s annual awards ceremony held last week in Dubai and was attended by senior representatives of regional and global insurers, rating agencies, and auditors. This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence over the last 12 months, offering customers the best coverage options and the unique ability to be in full control of all their insurance needs. The company has also succeeded in cementing its market leadership position by providing the best online insurance services to retail customers, namely with the launch of the fastest digital service to get visitors' mandatory health policies earlier in 2023, shortly after the introduction of this new travel requirement in Qatar. QIC has also succeeded in expanding its network of branches in the country, thus allowing larger customer segments across Qatar more convenient access to its services, in addition to reducing the turnaround time for completing different transactions from onboarding to policy management and claims. Commenting on the new award, Mr. Salem Al Mannai, Chief Executive Officer of QIC Group, said: “Winning this prestigious accolade for the third year in a row is a strong testament to QIC’s success in maintaining its leadership position, while meeting all our customers’ needs by continuously offering exclusive insurance products, effective customer services, and the... --- - Categories: Press Releases Qatar Insurance Group (QIC, QIC Group), the leading insurer in Qatar and the MENA region is the official insurance sponsor of the Katara International Exhibition for Kahraman (Amber). Running from 15th until 18th January, the exhibition is the first of its kind in Qatar, the biggest in the Middle East and the second largest international exhibition of its kind. The exhibition showcases authentic Kahraman meeting the tastes and preferences of different age groups and bringing together a wide range of those products along with their makers and manufacturers. Commenting on this distinctive partnership, Rashid Al-Buainain, QIC Group’s Chief Administrative Officer stated, “As the leading insurer in Qatar, we have a long-standing commitment towards supporting activities that promote and preserve Qatari cultural heritage, which the Kahraman industry is part and parcel of. ” He further stated, “Our strategic partnership with Katara cultural village, underpins our keenness towards maintaining and reviving our legacy for our future generations. ” The exhibition is in its fourth edition and is bringing together displays from 14 countries from across the Arab world and beyond including Qatar, Saudi Arabia, Kuwait, Bahrain, the United Arab Emirates, Syria, Lebanon, Iraq, Turkiye, China, Poland, Latvia, Lithuania, and the Dominican Republic, where they will showcase rare and expensive beads made of authentic Kahraman. Arabic --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced the opening of its newest branch at Doha Festival City, one of Qatar's favorite destinations for shopping, dining, and entertainment. This opening comes as part of the QIC’s ongoing efforts to elevate its offerings, bringing customers further convenience and easy access to different channels that allow them to fulfill their insurance needs and feel safer about their lives, their loved ones, and their properties. Conveniently located on the ground floor and easily accessible through the mall’s Centre Court, the new QIC branch is open from Saturday to Thursday from 10am till 10pm, and on Fridays from 5pm till 10pm. Festival City visitors can get access to all the personal lines insurance products offered by QIC, including getting or renewing their insurance policies and filing their claims on the spot at the new branch. To spread insurance culture within the community, the new branch’s agents offer personalized insurance advice for everyone who needs assistance with determining their insurance needs, understanding the logic of insurance coverage, and choosing the right policies that best respond to their living, driving, and travel needs in Qatar, the region and around the world. Commenting on the new branch opening, Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - Qatar Operations, said: “We are happy to announce the opening of our newest branch at Doha Festival City, and to expand our network of branches to better service all the communities across Qatar.... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, held a blood donation drive at its headquarters in West Bay, Doha, in collaboration with Hammad Medical Corporation’s (HMC) blood donation center which mobilized its blood donation bus along with medical staff to ensure a successful drive. The campaign reinforces QIC and its employees’ commitment towards serving the community and spreading awareness of the importance of and the lifesaving potential of blood donations. The campaign was wildly welcomed and participated in by QIC employees. Group Chief Administrative Officer, Rashid Al-Buainain , said: “Blood transfusion is a life-saving and critical medial intervention and blood drives play an important role in keeping hospitals equipped. As a leading Qatari company, we are committed to being responsible members of our society. We actively foster a corporate culture that encourages our staff to engage in philanthropic endeavors, making a meaningful contribution with tangible social impact. Blood donation is a simple yet enormously significant way we can care for one another, and I am incredibly proud of our staff and the great turnout this year”. The blood drive is the sixth for QIC and aims at contributing to the national blood bank and has become a key element of the Group’s social corporate responsibility program which addresses issues such as access to education, health, sports, culture and environmental sustainability. About QIC Group Qatar Insurance Company Q. S. P. C (QIC, QIC Group) is a publicly listed insurer with a consistent performance history of... --- - Categories: Press Releases Anoud Technologies LLC (Anoud Tech) , a wholly owned IT subsidiary of QIC Group, the leading insurer in Qatar and the MENA region, was announced as the winner of the prestigious InsurTech of the Year 2023 award in recognition of its outstanding achievements in digital insurance. The award was presented at the 10th Middle East Insurance Industry Awards on November 2023 in Dubai, UAE. Commenting on this accomplishment, Mr. Salem Al-Mannai, QIC Group CEO said, “We are thrilled that Anoud Tech has been named ‘InsurTech of the Year’, which recognizes the company’s transformative impact on the insurance industry through a technology that aims to strengthen operational resilience and revolutionize insurance administration across the world. Anoud Tech’s win is also a testament to the dedication and commitment of our team in providing clients with innovative products and services”. “ Anoud Tech is a leading international provider of software solutions for the insurance industry. Its best-in-class insurance IT platform called Anoud+ is an integrated end-to-end solution that offers insurers a complete and efficient approach to handle every facet of their insurance programs. Thanks to the utilization of cutting-edge, internet-based technology, it enables access to state-of-the-art risk modeling and reinsurance tools with little to no additional IT expenditure. With the help of Anoud+, a future ready, API-based platform, insurers can easily introduce new products, integrate with their distribution and affinity partners, and increase revenue streams. Anoud+ fully integrates Swiss Re's industry-leading insurance solutions, Portfolio Insights and CatNet®, to assist insurers in managing their... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, announced the launch of its exclusive end of the year car insurance promotion, allowing new motor customers to get 3 months of comprehensive car insurance for free. With this offer, every new customer who purchases a comprehensive car policy will benefit from a 12-month full insurance coverage for the price of just 9 months, which means that the customer gets 3 months of coverage for free. Ongoing until 29 February 2024, QIC’s new promotion can be availed when buying a new comprehensive policy in just 2 minutes through qic. car, directly through one of the company's 11 branches in Qatar, or through the company’s call center at 8000 742. QIC also provides flexible payment options when purchasing car insurance policies, including the installment payment plan available in Qatar exclusively with QIC, allowing customers to pay their annual premium in 12 monthly installments. With a comprehensive QIC car policy, motorists get solid financial coverage against various risks they may face on the roads, including a coverage for the driver and passengers in the event of traffic accidents, losses and damages due to car theft, vandalism or fire. Customers can enhance their basic policies with optional add-ons for further protection, including the agency repairs cover, off-road covers, the 24/7 roadside assistance service, the no spare parts depreciation cover, and getting a courtesy car when filing claims and dropping their cars off for repairs. Commenting on the new promotion, Mr.... --- - Categories: Press Releases Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region, has announced its sponsorship of the Qatar Travel Mart (QTM) 2023, to be held tomorrow at the Doha Exhibition and Convention Center from 20 to 22 November 2023. In addition to lending its insurance capabilities to this year’s edition, QIC is an expert panel participant on the role of the insurance industry in ‘preserving cultural heritage and promoting tourism. Additionally, QIC will showcase its latest inbound and outbound travel insurance solutions for retail and corporate customers, offering QTM visitors a unique opportunity to explore the variety of insurance options they can choose from when traveling to and from Qatar. Visitors to the QIC pavilion will receive personalized insurance advice, and instant assistance with determining their travel insurance needs, understanding the logic of travel coverage, and choosing the right policies that best respond to their travel needs around the world. Salem Al Mannai, Group Chief Executive Officer, commented on the sponsorship, “We are delighted to once again be the official insurance sponsor of Qatar Travel Mart, and to be present at this unique event where we will showcase our latest travel insurance products and solutions to local and global audiences. Sponsoring QTM 2023 is indeed another testament to QIC’s commitment to supporting the development of the travel industry in Qatar, and to contributing to all valuable initiatives that shall help cement Qatar’s position as a major regional hub for inbound tourism. ” This year, QIC’s excellence... --- - Categories: Press Releases Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported Net Profits of QAR 453M for the first nine months of 2023, rising 445% from the same period in 2022. Following a meeting of the Board of Directors yesterday, which was presided by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “Amidst macroeconomic and geopolitical challenges, QIC has continued to perform successfully, which is reflected in the bottom-line results for Q3 2023. Profitability has continued to increase company-wide, with results outperforming both H1 2023 and Q3 2022, with substantial growth has been experienced in our core business activities in MENA. The company has strengthened its position despite sector challenges tied to international unrest and inflation by continuing to reduce its activity in low-margin and high volatility markets. We continue to pride ourselves on what establishes us as insurance leaders in the region, which is our outstanding operational efficiency and central sustainable initiatives. As we enter Q4 2023, QIC is dedicated to supplying cutting-edge, innovative, and stable insurance products across several geographical markets, as well as continuing to provide first-class customer service. ” Mr. Salem Khalaf Al Mannai, Group Chief Executive Officer, stated: “Q3 2023 has marked a continuation of the strategy put in place to ensure QIC would carry on expanding its primary insurance business, as well... --- - Categories: Press Releases Best Insurance Website in The Middle East, Best Insurance Website in Qatar, and Best Digital Insurance Company in Qatar Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, received three prestigious accolades at Global Brands Magazine Awards 2023,“Best Insurance Website in The Middle East”, “Best Digital Insurance Company in Qatar”, and “Best Insurance Website in Qatar”. The awards reaffirm QIC’s position as a leading digital insurer at local and regional levels, and the company’s success in implementing an ambitious digital transformation strategy over the past few years with the aim of improving customer’s experiences on digital portals while enabling innovative self service capabilities. . This year, QIC’s customers’ reliance on online channels to fulfill their insurance needs instantly, remotely and in just a few clicks reached record levels, owing to the introduction of a series of innovative market-first online solutions that best respond to the needs of customers in Qatar and beyond, namely on QIC’s retail insurance portal qic. online that continuous to be the preferred one-stop shop for retail customers to get and manage their motor, travel, home, and boat insurances. Commenting on the awards, Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - Qatar Operations, said, “We are pleased to receive three prestigious awards at this year’s Global Brands Magazine Awards, a strong testament to our success in taking the online insurance experience to higher levels in Qatar and region-wide. Customer centricity and commitment to digital innovation is what makes QIC a benchmark in... --- - Categories: Press Releases Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of the 7th edition of S’hail 2023 – Katara International Hunting & Falcons Exhibition. S’hail is regarded as the largest international exhibitions that specializes in exhibiting Falcons and is dedicated to preserve and promote the art of hunting and falconry. Over the last few years, the event has made its mark in the industry as the leading destination of choice for falconry, hunting, and heritage lovers and became a dedicated platform for displaying the latest types of weapons, hunting rifles, equipment, supplies and equipment for trips, in addition to a huge selection of rare falcons highly skilled in hunting. Commenting on the sponsorship, Mr. Salem Al Mannai, Chief Executive Officer of QIC Group, said, “As the leading insurer in Qatar, we have a long standing commitment to acting as a trusted and ethical partner with the Qatari community and to playing a vital role in the sustainability of Qatar’s social fabric. ” He further added, “We have ensured that the core values of our business and operating principles align with our objectives for CSR. Contribution to and participation in S’hail demonstrates our relentless efforts in highlighting the culture and traditions of the Nation. It also underpins our keenness towards maintaining and reviving the legacy of Falconry for our future generation. S’hail has established a special standing as a unique exhibition in the world of falconry and we are delighted to be able to... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurance company in Qatar and the MENA region, has launched its latest awareness campaign labeled “Confidence at Every Turn” and designed to inspire and boost self-assurance among the community in Qatar. Rolled out in conjunction with the new season kicking off and people going back to their homes, schools or offices, “Confidence at Every Turn” is a content-based awareness campaign through which QIC promotes a confident return to the normal everyday life, providing the community with a series of useful content to help them navigate the new season and enjoy a worry-free year ahead. Supported across out of home, digital channels, and in collaboration with opinion leaders and social media influencers, the campaign offers a renewable repertoire of inspiring stories, confidence-boosting tips and lifehacks that shall help everyone have a new understanding of their abilities and to make better decisions all year round. The content includes videos, podcasts, blog posts, handy guides, quizzes and much more, and will be accessible until 1 October 2023. To explore the exclusive content and be part of the campaign, users need to fill a short registration form at qic. digital, following which every user receives a personal link to access the exclusive content anytime they wish. To give voice to the community, QIC welcomes everyone to share their own content and inspire their peers. Content creators in Qatar are invited to share their own inspiring content of all formats using #QICConfidence and get the chance to be featured... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, concluded its Summer Internship Program with an award ceremony held yesterday Wednesday August 23rd, 2023. The event provided an opportunity to acknowledge students from different schools and academic institutions who took part of this year’s program. This year, QIC’s Summer Internship Program (July- August), was meticulously designed to help interns discover which direction they would like to take their career while gaining first-hand experience. The paid internship offers qualified high school and undergraduate students a meaningful, career-oriented experience with world-class mentors who help guide them through their projects and continue to support them even after the internship is finished. Among the interns receiving awards was Abdulla Fahad Al-Subaiey an undergraduate student at the University of Aberdeen, UK – and after obtaining the training certificate, he said: “The summer training program for Qatar Insurance Company was valuable and helped us apply theoretical knowledge to real situations, as well as understand insurance and its benefits and gain real practical experience in Business Management, which I plan to continue doing in the future. ” Essa Ali Al Kaabi, a high school student at Modern English School Qatar, said: "The internship has been fun at Qatar Insurance Company, and I invite all my fellow students to join QIC’s Summer Internship Program in the upcoming years to enjoy immense and diverse knowledge and experiences in the field of insurance. ” “QIC is delighted to have delivered yet another high-quality internship program this... --- - Categories: Press Releases QIC Group six-month net profit jumps 181% to QAR 325M Net investment results of QAR 460M during H1 2023, compared to QAR 475M in H1 2022. Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported Net Profits of QAR 325M for the first half of 2023, rising 181% from the same period in 2022. Following a meeting of the Board of Directors yesterday, which was presided by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC’s bottom-line results demonstrate the success with which the company has navigated a challenging macroeconomic environment in the first half of 2023. In addition to broad increases in net profitability, we’ve seen double digit growth in our core MENA business activities. Though market challenges persist due to inflation and geopolitical unrest, the company has taken decisive steps to minimise its exposure to high severity and volatile international risks. We’re proud of QIC's distinguishing brand attributes, including its exceptional digital capabilities and operational efficiency. As we look forward to the rest of the year, we are committed to providing market-leading levels of customer service and innovative, reliable insurance products across the Middle East, Europe, and international insurance markets. ” “Throughout the first half of this year, QIC has maintained its strategic focus on expanding its primary insurance business, mainly the profitable direct-line... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region was honored at the graduation ceremony of the eighth cohort of the “kawader Malia” program, for its outstanding contribution towards supporting the development of young Qataris and its commitment to shaping the country’s future workforce. Held at the four seasons hotel in Doha Last Wednesday on May 24th, the ceremony saw the program award certificates to 72 distinguished students. The graduates completed extensive training programs in leading Qatari institutions that equipped them with knowledge and skills to lead and thrive in fields critical to national development. In November 2022, QIC signed a MoU with Qatar Finance and Business Academy (QFBA), committing to support its ‘Kawader Malia’ program for three years. In January this year, QIC welcomed a group of trainees which included Ghanim M. Al-Ghanim, Saleh K. Al-Mohannadi and Maryam N. Al-Fadala for a 12 week program that followed a well-rounded approach that combines orientation sessions, experiential learning and mentorship, designed to help the trainees gain hands on real-world experience, professional skills and insight into crucial aspects of the sector so that they can transition seamlessly into the workforce. The MoU reinforced the mutual commitment of both signing entities to develop and foster Qatar’s national human capital. Receiving the award on behalf of QIC Group was Mr. Rashid Al-Buainain, QIC Group Chief Administrative Officer who remarked, “We congratulate the graduates of the eighth cohort of the Kawader program on their outstanding achievement and share in their excitement... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, held the second edition of its annual insurtech summit on May 20-22, 2023, at Park Hayyat hotel in Doha, Qatar, under the theme “MENA Insurtech Rising”. The three-day event brought together 88 C level regional and international insurers, startup founders, investors and key players to discuss and explore partnerships with close focus on sharing insights on the latest industry trends, innovation, investment and digital transformation, with the goal of fostering learning and collaboration between the MENA Insurtech ecosystem players. The year 2022 launched the beginnings of Qatar Insurance Group’s (QIC) digital aspirations reaching beyond in-house innovation to build the MENA insurtech ecosystem. QIC through its newly launched Digital Venture Partners unit (QIC DVP) led the establishment of the MENA Insurtech Association, a membership based association founded to build the regional insurtech ecosystem through connecting innovations, talents, partners, and capital. The question at the center of this initiative was: how can we create products and services that respond to the needs of the modern customer while catalyzing transformations across entire systems? The answer was innovative partnerships. By combining the unique capabilities of multiple sectors across the spectrum of insurance, technology and financial industries to encourage collaborative creativity and intelligence. Over 300 representatives from insurance companies, technology firms, startups, banks and investors attended the summit, while 1,100 people tuned in virtually. With over 600 meetings over three days the summit proved to be a valuable networking platform that can... --- - Categories: Press Releases After the incredible success of its first edition, the MENA Insurtech Summit returns to Doha, Qatar for on May 20-22, under the theme ‘MENA Insurtech Rising’ with a program packed with forward-looking panel discussions and workshops featuring 90 expert international and regional speakers from across the spectrum of the insurance, technology and financial industries who will dive into topics including: the current insurtech landscape in the MENA region, ESG, fintech, VC investment strategies, digital health, blockchain and more. The Summit is organized by the MENA Insurtech Association, a membership based association founded in 2022 to build the regional insurtech ecosystem through connecting innovations, talents, partners, and capital. Last year, its founding member, Qatar Insurance Group, through its latest venture – QIC Digital Venture Partners unit (QIC DVP) – in partnership with Deloitte and Google Cloud organized the first ever MENA insurtech Summit. The first of its kind hybrid event, drew over 250 attendees from the region and around the world with more than 500 live viewers interacting online including technology leaders, investors and insurance innovators and earned a place as a not-to-be-missed industry event. “QIC Group leveraged its strong regional and international influence to establish the MENA Insurtech Association, a critical and transformative initiative for the region. Our esteemed partners and we convene once more, dedicating three enriching days to dialogue, inspiration, and a renewed pledge to our shared mission of shaping the digital insurance landscape in the region. ” said Salem Al Mannai, Group CEO of QIC Group and... --- - Categories: Press Releases Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, reported today a net profit of QAR 175 million for the first quarter of 2023. The Group’s tactical shift to discontinue its business of international operations led to impressive performance results this year, marking a significant rebound from the previous year. Following a meeting of the Board of Directors yesterday, which was presided by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of the QIC Group, the Board approved the financial results. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC's strategic emphasis on expanding direct and personal lines business within domestic and MENA markets showcases its worth. In this context, QIC Groups’ subsidiary Oman Qatar Insurance Company (OQIC) and Vision Insurance Company Completed a successful merger to capitalize on the region’s profitability potential. Simultaneously, our persistent endeavors to minimize exposure to high severity and volatile international risks are yielding positive results this quarter. Despite ongoing market challenges stemming from inflation and geopolitical unrest, these strategic objectives have positioned QIC for robust growth and underwriting profitability in Q1 2023. Furthermore, we take immense pride in QIC's distinguishing brand attributes, such as advanced technological prowess and outstanding operational efficiency. These qualities set us apart and empower us to deliver highly valued, reliable risk protection services to customers across the Middle East, Europe, and international insurance markets. Restructuring the Business Portfolio in international markets. Mr. Salem Khalaf Al... --- - Categories: Press Releases Motorists switching to QIC can benefit from the special offer when their current insurance expires The offer lasts until 30 April and guarantees 12 months of full insurance coverage for the price of just 9 months Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region and the best digital insurance company in Qatar, announced the launch of its exclusive car insurance offer on the occasion of the holy month of Ramadan, which allows new motor customers to get 3 months of comprehensive car insurance for free. With this offer, every new customer who purchases a comprehensive car policy will get 3 months of comprehensive insurance for free, which means that the customer will benefit from a 12-month full insurance coverage for the price of just 9 months. QIC also provides flexible payment options when purchasing comprehensive car insurance policies, including the installment payment plan available in Qatar exclusively with QIC, to allow customers to pay their annual insurance premium in 12 monthly installments. Ongoing until 30 April 2023, QIC’s latest offer can be availed when buying the insurance policy in just 2 minutes through qic. car or when buying the insurance policy directly through one of the company's branches in Qatar or through the company’s call center. Motorists wishing to switch their car insurance to QIC can also benefit from this special offer by visiting qic. car and obtaining a special promo code that allows them to get 3 free months when their current insurance expires.... --- - Categories: Press Releases QIC Group, the leading insurer in Qatar and the MENA region, held yesterday, Sunday, 19th March, the General and Extraordinary General Assembly Meetings at its headquarters in Al-Dafna. The meetings were chaired by Sheikh Hamad bin Faisal bin Thani Al Thani – Member of the Board of Directors – and were attended by members of the executive management, shareholders, and representatives of regulatory authorities. The meeting discussed the Board of Directors' report on the company's activities and financial position during the year ended 31/12/2022 and the company's future plans. Additionally, the meeting approved the auditors' report on the company's financial statements; the company's balance sheet and profit and loss account for the year 2022; and the non-distribution of dividends for the year 2022. Moreover, the meeting approved the discharging of the members of the Board of Directors and approved the Corporate Governance Report for 2022; the company's remuneration policy for the year 2023; and the appointment of KPMG as auditors for the year (2023) and their fee. During the meeting, three (3) members were also elected for the category of independents: H. E. Mr. Khalifa Abdullah Turki Al-Subaie, H. E. Sheikh Abdulrahman bin Saud Fahad Al-Thani, and H. E. Mr. Ibrahim Jassim Abdulrahman Al-Othman Fakhroo, while the remaining (8) eight members won by acclamation for the period (2023-2025): Sheikh Hamad bin Faisal bin Thani Al Thani of the Retirement and Social Security Authority (Civil Pension Fund), H. E. Sheikh Faisal bin Thani bin Faisal Al Thani of Brouq Trading Company,... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region Sponsored (Goals4Good) tournament, organized by Education Above All (EAA) Foundation aiming to help the world’s most vulnerable and marginalized children. More than Thirty-five schools from across Qatar participated in the tournament that took place at Doha College, last Friday. Commenting on the sponsorship, Mr. Rashid Al-Buainain, Chief Administrative Officer of QIC Group said, “Access to quality education is critical to unlocking a child’s full potential. We are proud to sponsor an initiative that supports a noble cause of education of marginalized and impoverished children and promotes good health and leadership among students in Qatar. This sponsorship reinforces our commitment to leveraging QIC Group’s leading position to create a positive societal impact by developing the future leaders of Qatar’s Student Community. We thank Education Above All for their vision and commitment to creating an equitable world for children everywhere. ” It's worth mentioning that, the ‘Goals4Good’ will support EAA’s projects across the world with a specific focus on supporting children in Myanmar, Zanzibar, Somalia, Sudan, Mali, Cambodia Together Project, Assalam Schools in Qatar, ROTA Program Project Youth Volunteers for Training and Development and Al Fakhoora Access to higher education in Gaza. Arabic --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA Region was honored for its role as an official sponsor of the fifth edition of the Samla race during the 2023 Samla awards ceremony that was held last Tuesday honoring the champions, sponsors and the entities that contributed to the success of annual national endurance competition. The sponsorship comes as part of the Group's corporate social responsibility and its keenness to support the national sports agenda. Accepting the award on behalf of QIC was Mr. Rashid Al-Buainain, Group Chief Administrative Officer of QIC, who said on the sponsorship in an interview with Al-Kas sports channel, “For all the success that Qatar Insurance Group has achieved over the years, we have not lost sight of our social responsibility. CSR is a core component of our corporate personality. This comes in recognition of the position that QIC occupies as a leading Qatari company which demands that we play an active role in supporting the country's sports and cultural agendas. More broadly, this in inspired by and in support of the wise and holistic vision of our country’s leadership within the framework of achieving the human development pillar, one of the four main pillars of Qatar National Vision 2030". The event was attended by a number of dignitaries including Mr. Azzam Al-Mannai, CEO of the Organizing Committee of the Samla Race and Dr. Khalid bin Ibrahim Al Sulaiti, Director General of the Cultural Village Foundation, Katara, the strategic partner of the... --- - Categories: Press Releases Qatar Insurance Company (QIC), Qatar’s leading digital insurer, is pleased to officially introduce a fully-digital Mandatory Visitors’ Health Insurance solution, the fastest option to get such insurance plans in Qatar. International visitors can now get their Mandatory Visitors’ Health Insurance policy in less than 2 minutes on qic. online and from anywhere in the world prior to their trip to Qatar. All they need to do is to select the duration of their stay in Qatar, add their personal details and pay online without any need to scan or submit any document. With a Mandatory Visitor’s Health Insurance plan by QIC, visitors can benefit from a solid financial protection in case of emergency medical treatments and emergency medical assistance in Qatar. The insurance also covers the visitor’s medical expenses in case of getting ill in Qatar due to a COVID-19 infection, emergency evacuation to the insured’s home country, and the repatriation of remains. QIC’s mandatory visitors’ health insurance is available at a premium fixed at QAR 50 per policy, and visitors with Hayya Cards can get a long-term plan valid until January 2024. There are no age limits on getting a QIC health insurance for visitors and travelers of all ages can get it, including senior visitors. Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - Qatar Operations, said: “Rolling out this new online solution reflects our commitment at Qatar Insurance Company to fully support the recently implemented Health Insurance Scheme in Qatar, and to offer easy access to quality... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region is an official sponsor of the Samla race. The annual race, which is in its fifth edition, will take place this year on 2nd- 4th March. Aptly named ‘Samla’, a Qatari word that encompasses strength and perseverance in the face of hardships, the Samla race is held on difficult and remote desert tracks and requires high levels of athletic skills. The extreme desert trek covers 200 kilometers and includes six endurance challenges: running, swimming, kayaking, shooting and mountain biking. Speaking on the sponsorship, Mr. Rashid Al-Buainain, QIC Group Acting Chief Administrative Officer, said, “Supporting a thriving national sporting landscape is one of QIC’s chief corporate social responsibility priorities, therefore, we are delighted to be one of the official sponsors of the fifth edition of the Samla race. The race reflects Qatari youths’ ability to push beyond their physical and mental limits in order to reach their goals, and we are excited to see a display of stellar athletic talents, resilience and sportsmanship. The sponsorship agreement was signed in November last year between QIC Group and the Organizing Committee of the Samla race. About Qatar Insurance Company Qatar Insurance Company is a publicly listed insurer with a consistent performance history of over 58 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been recognized as ‘Motor Insurer of The Year’ at the InsureTek Golden Shield Excellence Awards 2023 for the second consecutive year. The InsureTek Golden Shield Excellence Awards is an annual awards program that recognizes and rewards leading insurers, reinsurers, and insurance brokers in the wider Middle East region. The program sheds light on innovators, creative minds, and customer care professionals who have outperformed their competitors and demonstrated the highest levels of excellence across the region. It is part of the InsureTek International Conference which took place this year in Dubai on 22nd-23rd February. Commenting on the award, Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - Qatar Operations, said: “Motor insurance has been one of QIC’s key areas of expertise for nearly six decades, and we are proud that our motor products and services continue to be trusted by our customers and recognized by the industry experts regionwide”. QIC Group As A Thought Leader In addition to winning an award, QIC Group’s Chief Digital Officer, Lars Gehrmann participated in a panel discussion under the title “Embedded Insurance 2. 0” where he discussed the importance of embedded insurance as an alternative distribution channel and the need for product innovation and digital conversion optimization in the MENA region, as well as QIC’s preparedness to lead this change, by combining QIC Digital Ventures Partners ability to define new digital products and business models with Anoud Tech as a tech... --- - Categories: Press Releases Qatar Insurance Company (QIC Group, QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, announced its financial results for the year ended 31 December 2022. Following a meeting of the board of Directors on Tuesday 21st of February 2023, which was presided over by Mr. Khalifa Abdulla Turki Al Subaey, Chairman & Managing Director of QIC Group, the Board approved the financial results. The Group reports gross written premiums (GWP) of QAR 9. 8 billion for 2022. However underwriting results from our discontinued business of international operations were severely affected which resulted in the Group reporting a net loss of QAR 637 million compared to a net profit of QAR 630 million for the previous year. Commenting on QIC’s financial performance in 2022, Mr. Khalifa Abdulla Turki Al Subaey, Chairman and Managing Director stated: “The year 2022 has been characterized by extremely turbulent market conditions as the complex combination of macro-economic, geopolitical and severe natural catastrophes created a yet unseen mix of headwinds for insurers. Within this environment, QIC proved its mettle and further expanded its profitable domestic market business in Qatar and the MENA region. This reflects the ongoing, successful implementation of the group’s strategic plan to de-risk our international operations, expand our low-volatility activities and diversify the business portfolio, as well as cementing the Company’s lead position as a financially strong, adaptable, and secure insurance partner, with a robust capital base for its stakeholders. ” Commenting on the Group's losses, Mr. Salem Khalaf... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region hosted an event in celebration of Qatar National Sports Day 2023. The event which saw a remarkable turnout, took place at the Katara Cultural Village and featured a variety of sports-based family activities, including basketball, cricket and an obstacle course, and brought together QIC staff, their families and the general public for an active day of friendly competition, fun, awards and plenty of movement. Commenting on the importance of the day, QIC Group CEO, Mr. Salem Al Mannai said, “Qatar National Sports Day reflects the wise and well-rounded vision of our country’s leadership and the importance it places on human development. The benefits of cultivating a culture of sports goes beyond fitness and health, the day is an opportunity to bring communities closer together to work towards a common goal based on principles of team building and inclusion which has the ability to strengthen social ties and cement bonds of friendship. We are delighted to be able to organize a day that has not only brought so much joy to our staff, their families and the community but encouraged them to make healthy choices”. Qatar is one of the first few countries in the world to dedicate a day to raise awareness of the importance of sports and its positive role in the life of the individual and society. National Sports Day is celebrated each year on the second Tuesday of February when everyone is encouraged to... --- - Categories: Press Releases The MENA Insurtech Association has launched the “MENA Insurtech Competition”, a regional competition that seeks to provide a platform that identifies and nurtures the most innovative and disruptive insurtech startups in the region. Following the success of the inaugural edition which took place last year and was organized by QIC Group, Deloitte, QIC Digital Venture Partners, Google Cloud, Qatar Financial Center, Anthemis, Prifina, QLM and Plug & Play Middle East, the competition is in its second edition. The MENA Insurtech Association is committed to creating a robust MENA insurtech ecosystem and recognizes that startups are the engine of that ecosystem. They play a vital role in bringing innovation, disruption and creativity and must be met with the necessary infrastructure and scalable resources that will help them reach their full potential and ultimately reshape the Insurtech landscape. Shortlisted startups will have the opportunity to present their ideas to an audience of potential investors and industry leaders during the finals, which will be held at the MENA Insurtech Summit in Doha in May 2023. Additionally, they will have access to mentorship, market visibility and potential business deals with QIC Digital Venture Partners (QIC/DVP). The Summit, which is powered by QIC Group and its ecosystem partners, will bring together over 50 regional and international speakers for a two day event that will include keynote speakers, panel discussions and workshops that will dive into a variety of industry topics in order to foster learning and collaboration between the MENA Insurtech ecosystem players. The Competitions... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region is once again the platinum sponsor of Katara’s International Arabian Horse Festival (KIAHF). Held under the patronage of His Highness the Amir Sheikh Tamim bin Hamad Al Thani, the festival is organized by the Cultural Village Foundation (Katara) in co-operation with Qatar Equestrian Federation and Qatar Racing & Equestrian Club and runs from 01 February to 11 February. The sponsorship is in line with the role QIC has been playing in supporting key events and initiatives that enhance the status of Qatar as a hub for local and international cultural and sporting events. Commenting on the sponsorship, Mr. Salem Al Mannai, Group CEO said, “Given QIC’s position as a leading Qatari company, we recognize the crucial role we must play in elevating cultural platforms that highlight our beloved heritage. Year after year the International Arabian Horse Festival continues to spotlight the majesty of Arabian horses and Qatar’s rich equestrian heritage. That’s why we are delighted to continue our support for the Festival and in turn the country's place in the international cultural and sporting landscapes”. The third edition of the festival will take place on the Katara Cultural Village grounds and will include three segments: the Arabian Peninsula Horse Show, The Arabian Horse Auction and the Title Show. The festival will also include a number of competitions and events such as the horse parade, Equine stamps and photography exhibition and light show on the Katara esplanade and... --- - Categories: Press Releases This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, was named “Insurer of The Year in Qatar” for the second consecutive year at The MENA IR Awards 2023. QIC’s recognition took place at the program’s annual awards ceremony held last week in Dubai and attended by senior representatives of regional and global insurers, rating agencies, and auditors. This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence over the past 12 months, offering customers in Qatar the best coverage options and the unique ability to be in full control of all their insurance needs from onboarding to claims. The award also recognizes QIC’s successful implementation of a digital transformation strategy throughout last year, which included the launch of ‘qic. online’, the fastest, all-inclusive platform that enables customers to purchase insurance on the go, in under two minutes. As part of this platform, QIC also offers a fully digital motor claims service, allowing customers to submit, track and inquire about their claims instantly and at all times. Commenting on this recognition, Mr. Ahmed Al Jarboey, QIC Chief Operating Officer - Qatar Operations said, “We are happy to receive the ‘Insurer of The Year in Qatar’ award for two years in a row, and to cement our position as the country’s insurer of choice when it comes to... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region joined along other partners in sponsorship of the “Doha Marathon by Ooredoo 2023” which took place on Friday, January 20th. This year, runners were able to choose from multiple running categories including 1km, 5km, 10km, 21km, 42km making it an event that welcomed people of all ages and abilities. The course kicked off at Parade Pavilion, The Amir’s Grandstand – Al Corniche and then towards Katara, Lusail and back to Al Corniche, giving the 8,000 registered runners and spectators a view of Doha’s most iconic landmarks. “Qatar Insurance Group believes in the positive power of sports to bring people together towards a shared purpose. That’s why we are proud to be able to lend our insurance capabilities in support of activities that align with our values, and to continue to highlight Qatar’s prominent role in the world of sports. This sponsorship comes in recognition of the important role that QIC Group occupies and plays in the Qatari society and is part of a continued effort to find and support unique initiatives and events that are in line with our corporate social responsibility (CSR) strategy,” said Mr. Rashid Al-Buainain, QIC Group Acting Chief Administrative Officer. Qatar Insurance Company Q. S. P. C. (QIC) is a publicly listed composite insurer with a consistent performance history of over 50 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar.... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and MENA region, has signed the United Nations Environment Programme-Finance Initiative’s Principles for Sustainable Insurance (UNEP-FI PSI), making it the first insurer in the Middle East to sign the global agreement. Launched at the 2012 United Nations Conference on Sustainable Development, the UNEP-FI PSI serves as a global framework for the insurance industry to address Environmental, Social and Governance (ESG) risks and opportunities. The PSI initiative is the largest collaborative agreement between the UN and the insurance industry. By becoming a signatory, QIC becomes part of a global network of insurance stakeholders committed to integrating ESG along their value chain. These Principles are more comprehensive than just financial metrics used typically in the industry, which will provide a platform for QIC to strengthen their business governance model. “QIC strives to create a sustainable business while contributing to global economic resilience and is conscious of the impact on climate, biodiversity, poverty, education, and ethical standards. QIC intends to leave a positive footprint and becoming a signatory of the ‘Principle for Sustainable Insurance’ helps QIC integrate ESG-compliant and sustainable behavior throughout its value chain. Together with our stakeholders, we shall work towards achieving a resilient, sustainable, and inclusive society” said Salem Al-Mannai, QIC Group CEO. Qatar Insurance Company Q. S. P. C. (QIC) is a publicly listed composite insurer with a consistent performance history of over 50 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company... --- - Categories: Press Releases Qatar Insurance Group announced the appointment of Mr. Abdallah Abdulatif Al-Ahmad as the new Chief Executive Officer (CEO) of its subsidiary Kuwait Qatar Insurance Company (KQIC). Mr. Abdallah brings 11 years of experience, having worked previously as Head of Facultative Acceptance for Property & Political Violence covering Middle East, Asia, Africa, The Commonwealth of Independent States (CIS) and Central and East Europe (CEE) region with Kuwait Re, as well as the Head of the Insurance Sector Development Committee at the Kuwait Insurance Federation for a period of three years. Commenting on the latest appointment, QIC Group CEO, Mr. Salem Al Mannai said, “on behalf of the Board, I would like to welcome Mr. Abdallah to QIC Group. Abdallah’s previous experiences in the Kuwait insurance market, coupled with the right set of skills uniquely position him to lead KQIC through its next phase of strategic growth and to drive increased value for its shareholders”. Established in 2004, Kuwait Qatar Insurance Company (KQIC) is a subsidiary of Qatar Insurance Group. KQIC offers both conventional insurance products and believes in delivering innovative retail solutions for Home, Travel and Car Insurances to every segment of its customer base. KQIC serves as a conduit in providing insurance services across the GCC and helps connect overseas insurance interests through its global network. KQIC is a subsidiary of Qatar Insurance Group, which has a global underwriting footprint spread across all continents. Qatar Insurance Company Q. S. P. C. (QIC) is a publicly listed composite insurer with a... --- - Categories: Press Releases Qatar Insurance Group (QIC), the leading insurer in Qatar and MENA region signed on Thursday, 17th November 2022 a Memorandum of Understanding (MoU) with Qatar Finance and Business Academy (QFBA). The agreement outlines QIC’s contribution towards supporting QFBA’s ‘Kawader Malia’ Program for three years; an initiative designed to prepare future business leaders, and decision makers of Qatar’s financial and banking services sector by bridging the performance gap between “the academic and the professional” for fresh graduates of both genders within the spectrum of the financial industry. The MoU, which was signed by QIC Group Acting Chief Administrative Officer, Mr. Rashid Al-Buainain and Director of Professional Training at QFBA, Mr. Majed Abdulaziz Al-Khulaifi, reinforces the mutual commitment of both entities to developing and fostering Qatar’s national human capital. Speaking about the signing, Mr. Rashid Al-Buainain said: “We believe that a well-trained and qualified youth are the building blocks of a prosperous and developed society. Therefore, we are delighted to be able to support the “Kawader” program and in turn solidify national efforts to qualify young Qataris in the financial and banking sector and to reiterate our commitment to supporting “Qatar National Vision 2023” which entails preparing Qatari students to take on the world’s challenges and become tomorrow’s innovators, entrepreneurs, and professionals”. Mr. Majed Abdulaziz Al-Khulaifi, Director of Professional Training at the Qatar Finance and Business Academy, said, “We are proud to sign this agreement with the Qatar Insurance Group QIC. This provides vast opportunitie¬s for training and development programs for Qatari... --- - Categories: Press Releases In a press held on Sunday, November 13th in Katara Cultural Village the details of the fifth edition of the major national sporting event and QIC Group’s - the leading insurer in Qatar dominant insurer, the GCC and MENA region - sponsorship of the Samla race was officially announced. Hosted by members of Samla’s organizing committee and headed by H. E. Prof. Dr. Khalid bin Ibrahim Al-Sulaiti, the press conference was attended by Sheikh Saud Bin Khalid Bin Hamad Al Thani, Board Member of Qatar Insurance Group (QIC Group) (QIC). Speaking at the press conference, on behalf of the Group, Sheikh Saud Bin Khalid Bin Hamad Al Thani thanked Katara Cultural Village and the organizing committee and underscored the tangible positive impact of the Samla race on Qatari society. “Qatar Insurance Group is delighted to be one of the official sponsors of the fifth edition of the Samla race. For it embodies the values ingrained in the mission and culture of QIC Group and for the opportunity it offers us to highlight the prominent role Qatar occupies in the world of sports. We are excited to see our athletes take on this challenge and we look forward to stellar performances inspired by a spirit of competition and sportsmanship” said Sheikh Saud Al Thani. “Samla is more than just a sporting tournament; the race reflects the resilience and determination of our people and has become a source of inspiration for all Qataris. Consequently, this sponsorship is a great source of pride... --- - Categories: Press Releases InsurTech Connect (ITC) 2022, the world’s largest insurtech event took place in Las Vegas, USA, with over 9,000 attendees from over a hundred countries with 70% at VP level or higher. The three-day event brought together insurance and technology industry leaders, insurtech startups and investors for an opportunity to facilitate discussion and showcase the latest industry innovations. Notably, Qatar Insurance Group was the only presenter at the event from the MENA region, cementing its position as a big player not only regionally but on the international stage. Placing it in the best position to boost the insurtech ecosystem and to become the go-to digital insurance partner for MENA through its QIC DVP and to define the new digital insurance execution standards through QIC’s Anoud Tech. Moreover, among the many highlights was the participation of four of the top startups that participated in QIC’s InsurTech MENA Hackathon. Namely, ‘Avey, Today, Demogrance and Ameenleek’. ITC 2022 offered the start-ups a valuable opportunity to present their ideas before an international audience, to connect with industry experts and insurtech focused VC funds. “We are proud to be able to leverage our leadership in the insurance space and act as a gateway that facilitates the participation of regional innovation in industry events at a global scale. Given our position as the leading insurer in Qatar and the MENA region, we see thought leadership not as an aspiration but a mandate, one that is driven by a strong cooperative spirit that compels us to share expertise,... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North Africa (MENA) region, today announced a net profit of QAR 571 million from continuing operations for the first nine months of 2022. The Group’s gross written premiums amounted to QAR 7. 8 billion, as QIC’s domestic and MENA operations continued to expand its gross written premiums by 14% to QAR 2. 3 billion. In line with the strategy to restructure or exit from low margin or loss making businesses, QIC Group announced its intention to divest its Gibraltar-based direct insurance carriers. Mr Khalifa Abdulla Turki Al Subaey, Chairman and Managing Director of QIC Group, said: "QIC Group continued to deliver healthy results despite strong headwinds from soaring inflation, geo-political uncertainties, high natural catastrophe losses and financial market volatility. In this exceptional environment, our Group further strengthened its leadership position in our home markets. We reduced our exposure to volatile severity risks and laid the foundations to further trim our portfolio and to divest those businesses that no longer fit our lean, yet well-diversified business strategy. " In the first nine months of 2022 a yet unseen combination of major headwinds challenged the insurance industry. Geopolitical tensions, in particular the Russian war on Ukraine, and the outflow from the COVID-19 pandemic continue to drive supply-chain disruptions and energy prices. While the Middle East is expected to experience strong GDP growth in 2022, the mature markets in Europe may well slide into a recession. Inflation is predicted to... --- - Categories: Press Releases Qatar Insurance Company (QIC) has been ranked by Asset Magazine as one of the top Investment Houses (Insurance Category) in Asian G3 bonds (issued by Asian issuers in USD, EUR and JPY) across Asia, Middle East & North Africa (MENA) regions for 2022. Epicure Investment Management (EIM), a wholly owned subsidiary of QIC, has been ranked as the ‘Top Asset Manager’ in the Middle East by The Asset Magazine for the year 2022. EIM is one of the largest regulated investment managers in Qatar managing over US$ 7 billion of investments across Equities, Fixed Income and Real Estate for its clients. The ranking for top investment houses in Asian G3 bonds is based on votes received from the top-rated analysts, economists, strategists, salespeople and traders. A total of 400 different institutions were evaluated and shortlisted to produce the 2022 ranking. The Asian G3 Bond Benchmark Review has been conducted annually since 1999, providing a wealth of data on the product needs of institutional investors and the market penetration of institutions active in the Asian G3 bond market and Asian CDS space. On the latest accomplishment, QIC Group CEO Salem Khalaf Al-Mannai stated, “We are honored to be ranked as the ‘Top Investment House’ in the Middle East for the sixth consecutive year. Investments are a cornerstone for the success of our business. The prestigious ranking serves as a testament to the resounding success of our business strategy built along a customer-centric and technologically progressive approach, ably backed by the investment... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned Best Online Insurance Company in The Middle East at the Global Banking & Finance Review Awards 2022. This outstanding accolade comes in recognition of QIC’s exceptional performance in 2022 at the levels of products and services digitization, in addition to reaching record levels of customers’ reliance on online channels to fulfill their insurance needs instantly, remotely and in just a few clicks. The prestigious award also reflects the company’s success in reshaping online insurance at both local and regional levels with the introduction of innovative market-first online insurance solutions that best respond to the needs of customers in Qatar and beyond, namely the launch qic. online as the fastest and most comprehensive online platform to buy and renew insurance policies. Developed with an innovative customer-centric approach, qic. online allows customers to buy or renew their car, motorcycle, travel, home contents, boat & yacht, and personal accident insurances in just 2 minutes. It also offers instant insurance covers comparison, allowing customers to get detailed information on policy types, in addition to product recommendation to help them better identify the right insurance covers that suit their needs. Commenting on the award, Mr. Salem Al Mannai, QIC Group’s Chief Executive Officer, said: “Our recognition as the Middle East’s best online insurance company in 2022 is an acknowledgement the entire QIC team is proud of. It’s a strong testament to our success in reshaping digital insurance in the... --- - Categories: Press Releases Qatar Insurance Company Q. S. P. C. (QIC), the market leader in Qatar and a dominant insurer in the GCC and MENA region, and QInvest LLC, Qatar’s leading investment bank, and one of the most prominent Islamic financial institutions globally, together are delighted to announce the successful establishment of Qatar-based national champion “Epicure Islamic Investment Management LLC”. Epicure Investment Management LLC (EIM), a wholly owned subsidiary of QIC and one of the largest regulated investment managers in Qatar manages over c. US$ 7 billion of investments across asset classes for its clients and having an impeccable track record of investing, is looking to enhance its footprint in the Investment Management business. Epicure Islamic Investment Management LLC, jointly owned by QIC (51% through Epicure Holdings LLC)) and QInvest (49%), is a Sharia’a compliant entity, authorised and regulated by Qatar Financial Centre Regulatory Authority (QFCRA). The new entity will focus on providing a wide range of Islamic asset management activities ranging from investing to developing and structuring innovative Islamic investment products. EIM will provide the necessary asset management expertise and capabilities to the joint venture entity. At the same time, QInvest will provide the necessary infrastructure and market reach to the joint venture entity, while capitalizing on its track record in developing and structuring innovative Islamic investment products, in addition to its ability to raise capital. This announcement follows the initial press release on the 10th of April 2022, when the two parties agreed to explore a potential strategic alliance with the... --- - Categories: Press Releases Antares Managing Agency Ltd (“Antares”), the Lloyd’s specialist insurance and reinsurance subsidiary of QIC Group, announced that Antares Syndicate 1274 has been ranked first for investment performance based on three-year average investment return over the period from FY 2019 to 2021 according to J. P. Morgan Asset Management’s Lloyd’s Peer Analysis. Antares achieved an average annual investment return of 3. 6% against Syndicate Peer average of 1. 6%. The J. P. Morgan Asset Management Lloyd’s Peer Analysis compares the investment performance of Lloyd’s syndicates with average trust fund assets in excess of £100mn over the period 2019-2021. This study is derived from Lloyd’s Statistics 2019-21 and includes investment performance of syndicate trust fund assets and excludes the investment performance associated with Funds at Lloyd’s assets. Commenting on the performance Salem Al Mannai, QIC Group Chief Executive Officer, said: “Antares is fully aligned with our parent company QIC Group’s objectives and strategy. Our approach is to favour sustainable and profitable growth and our investment strategy has a significant role to play in achieving these objectives. We are extremely pleased to have been ranked number one in J. P. Morgan’s Asset Management’s Lloyd’s Peer Analysis. This is a testament to our sustainable growth plan and well-diversified investment strategy. ” Antares Managing Agency Limited was acquired by QIC Group in 2014 and operates internationally though the Lloyd’s platform in London and Singapore. The Lloyd’s managing agency was formed in 2007 and underwrites for Syndicate 1274 as a highly diversified commercial and speciality lines... --- - Categories: Press Releases Global InsurTech company Anoud Technologies LLC (Anoud Tech) today announced its successful deployment and integration of the ADEPT platform as part of its collaboration with ACORD Solutions Group, the industry-owned extension of ACORD, the standards-setting body for the global insurance industry. ADEPT (ACORD Data Exchange Platform and Translator) provides real-time data exchange, translation, and transformation, and connects stakeholders across the insurance industry. Anoud Tech, an ACORD Solution Provider member and Licensed Integrator Partner of ACORD Solutions Group, has integrated ADEPT into its Anoud+ Insurance platform to allow its insurer clients to send and receive ACORD Global Reinsurance and Large Commercial (GRLC) Accounting (EBOT) and Claims (ECOT) messages with their digitally enabled inward and outward trading partners. “We’re delighted to have successfully integrated ADEPT with Anoud+, our future-ready, integrated insurance IT platform,” said Salem Al Mannai, Anoud Tech’s Chairman and Managing Director. “We are excited about the increased efficiencies that ADEPT will bring about for our clients, in such areas as reinsurance, claims and accounting, which will help them streamline operations and optimize cost structures. ” Al Mannai added. ADEPT and its integrated Transcriber and Conductor services will also provide Anoud+’s clients with accounting and claims document extraction and orchestration capabilities, in order to exchange ACORD GRLC messages with non-digitally enabled brokers and cedents. ADEPT’s API interface is able to support Anoud+ customers and their partners from quotation request through bind issuance and response services. In addition, ADEPT provides Anoud Tech customers and their trading partners the capability to integrate with... --- - Categories: Press Releases Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of the 6th edition of S’hail 2022 – Katara International Hunting & Falcons Exhibition. S’hail is regarded as the largest international exhibitions that specializes in exhibiting Falcons and is dedicated to preserve and promote the art of hunting and falconry. Over the last few years, the event has made its mark in the industry as the leading destination of choice for falconry, hunting, and heritage lovers and became a dedicated platform for displaying the latest types of weapons, hunting rifles, equipment, supplies and equipment for trips, in addition to a huge selection of rare falcons highly skilled in hunting. Commenting on the sponsorship, Mr. Ahmed Al jarboey, chief operating officer QIC, Qatar operations said, “As the leading insurer in Qatar, we have a long standing commitment to acting as a trusted and ethical partner with the Qatari community and to playing a vital role in the sustainability of Qatar’s social fabric. ” He further added, “We have ensured that the core values of our business and operating principles align with our objectives for CSR. Contribution to and participation in S’hail demonstrates our relentless efforts in highlighting the culture and traditions of the Nation. It also underpins our keenness towards maintaining and reviving the legacy of Falconry for our future generation. ” Qatar Insurance Group has long demonstrated its eagerness towards supporting activities that showcase Qatar’s rich culture and enhance the Qatari individual’s connection... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, concluded its Summer Internship Program with an award ceremony held yesterday Monday August 22nd, 2022. The event provided an opportunity to acknowledge students from different schools and academic institutions who took part of this year’s program. This year, QIC’s seven-week Summer Internship Program, which ended on 18th of August was meticulously designed to help interns discover which direction they would like to take their career while gaining first-hand experience. The paid internship offer qualified high school and undergraduate students a meaningful, career-oriented experience with world-class mentors who help guide them through their projects and continue to support them even after the internship is finished. Among the interns receiving awards was Awadh Rashid Al-Buainain a high-school student at Qatar Academy Al Wakra. After being awarded his certificate of completion, he said: “QIC’s Summer Internship Program was a valuable experience that helped me gain insight on insurance and hands on experience in Information Technology (IT) which I plan to continue doing in the future. ” “QIC is delighted to have delivered yet another high-quality internship program this summer. Interns were engaged with different departments within QIC working alongside full-time employees performing real tasks while receiving senior mentorship. ” Said Mr. Nasser Jassim Al-Mohannadi, Head of Department – Corporate Retail & Motor Claims, after the awards ceremony. “Our summer internship program is without a doubt an excellent opportunity to build leadership, communication skills and gain insight into working life at... --- - Categories: Press Releases Qatar Insurance Company (QIC), the largest insurance company in the MENA region, has received the “Domestic General Insurer of The Year” & “Auto Insurance Initiative of The Year” in Qatar awards at Insurance Asia Awards 2022. QIC’s newest recognition reflects the company’s success in leading the change of general insurance in Qatar through introducing innovative products and services that best respond to the needs of customers in Qatar over the past 12 months. The two prestigious accolades also reflect QIC’s excellence in enhancing its digital insurance offerings, namely with the launch of an all-new version of its insurance online portal (qic. online), offering the fastest digital solution to buy and renew insurance policies in Qatar. Developed with an innovative customer-centric approach, the all-inclusive online portal has allowed customers in Qatar for the first time to buy their car, motorcycle, travel, home contents, boat & yacht, and personal accident policies in just 2 minutes, without any need to scan and submit paperwork, or to call or visit a QIC branch to complete the onboarding journey. For motor customers, qic. online offers instant car insurance covers comparison, allowing them to get complete information on policy types, in addition to product recommendation to help them better identify the right insurance covers that suit their driving needs. The portal also allows drivers to compare policy prices and select their preferred payment plans, including paying their insurance premiums in monthly installments. Commenting on this recognition, Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - Qatar... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, registered a strong net profit of QAR 401 million for the first half (H1) of this year ending 30 June 2022. The Group’s robust results was driven by the solid performance of its domestic and MENA operations, strong technical results across QIC’s franchise and the cost-leadership of its operations. Amid continued economical headwinds the Group’s gross premium volume remained stable at QAR 6. 3 billion in the 1st half of 2022 building on QIC’s strengths in personal lines and advanced online services. QIC expands its leadership in a challenging environment In an environment of high volatility in the financial markets, where the economic growth estimates are showing a downward trend on account of the global inflation challenges and increased uncertainty due to the conflict in Ukraine and elsewhere, the outlook for business development and profitability of the global insurance industry, also cast a shadow in 2022. The aftermath of COVID-19 pandemic continue to confront the global insurance industry with enormous challenges that resulted in shortages in supply and price volatility while inflation has been creeping up. Besides the organisational challenges caused by lockdown measures and movement restrictions, insurers have seen increased pricing and reduced capacity in many lines. Within this challenging environment, QIC Group further progressed on its path of cementing its leadership in its domestic markets in Qatar and the MENA region, while reducing its exposure to volatile severity risks. Mr. Khalifa... --- - Categories: Press Releases Qatar Insurance Group, the leading insurer in Qatar and the MENA region, celebrated its long-serving employees at an awards ceremony held earlier this week. Colleagues with 5, 10, 15 and 20 years of service were presented with certificates and trophies of appreciation at QIC Group’s headquarters in West Bay. The ceremony was attended by several of QIC Group’s senior management & employees. Mr. Khalifa Abdulla Turki Al-Subaey, Chairman & Managing Director of QIC Group, handed over the long service awards to 27 recipients this year. Among the distinguished recipients this year was Mr. Salem Al Mannai, QIC Group CEO, who was recognized for his 20 years of service. “QIC Group Long Service Awards are a symbol of QIC Group’s appreciation towards its employees for their continued loyalty and dedication. This clearly highlights our culture and way of treating our human capital as the most treasured asset. ” said Al-Subaey. “Today and every day, we thank employees for their service. ” Al-Subaey added. Arabic --- - Categories: Press Releases The InsurTech MENA Summit 2022, organized by Qatar Insurance Group, marked a seminal moment in insurance change, drawing attention to the rising importance of insurance industry partnerships. In this first-of-its-kind event in the region hosted by the leading insurer in Qatar and the Mena region, in partnership with Deloitte, Google Cloud and QIC Digital Venture Partner (QIC DVP), hundreds of technology leaders, investors, and insurance innovators came together to envisage how to unlock better customer experiences in the mobility and health insurance verticals through new value propositions and solutions in big tech analytics, Al/ML, behavioral economics and conversational Al, and to officiate the Insurtech MENA ecosystem. During QIC Group's first hybrid event 2. 5k+ participants viewed and interacted online and more than 250 attended the one-day summit at St Regis Hotel with delegates, guests, and speakers flying into Qatar from the region and around the world. The summit brought together insurance and technology pioneers, investors, and six Insurtech startup finalists from 'InsurHack MENA' - the first InsurTech Hackathon in the Mena region – also organised by QIC Group, together with Deloitte, Google Cloud, and QIC Digital Venture Partner (QIC DVP), the venture builder arm of QIC Group - who are delivering on the ground and who came to share innovation, trends, and insights around insurance in the region. The attendees networked with leading entrepreneurs and insurance thought leaders. At the end of the summit Salem al-Mannai Group CEO of QIC Group, said "We leveraged our strong regional and international influence... --- - Categories: Press Releases 137 applications were received from 33 Countries InsurHack MENA, the first InsurTech Hackathon in the region, organized by Qatar Insurance Group (QIC Group), together with Deloitte, Google Cloud and QIC Digital Venture Partner (QIC DVP), the venture builder arm of QIC Group has gathered 137 participants from 33 countries in its one-month application phase that closed Friday. 50 selected teams, mainly at seed stage but also at series A stage, start competing today in the two-day virtual hackathon scheduled on the 5th and 6th of June. The need for a hackathon to find insurance solutions in big tech analytics, AI/ML, behavioural economics and conversational AI has now and then been stressed by Salem Al Mannai, Group CEO of QIC Group. “QIC Group and our partners with utmost zeal and a commitment to unlocking better customer experiences came together to organize the first InsurTech Hackathon in the region. We are committed to finding and supporting innovative insurance solutions and value propositions in the mobility and health insurance verticals. From AI Engine revolutionizing healthcare to MC driver security, great quality startups are part of InsurHack. ” Al Mannai said. “We were pleased by the huge turnout among applicants validating the growing interest in HealthTech, Mobility tech and InsurTech topics in the region. I extend my best wishes to all participants. ” Al Mannai added. Deliverables will be judged on the quality of the problem statement fit, the level of innovation, the solution feasibility in the MENA region, the co-building and investment potentials,... --- - Categories: Press Releases Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced the launch of the first all-inclusive online portal, offering the fastest digital solution to buy and renew insurance policies in Qatar. Developed with an innovative customer-centric approach, qic. online allows customers to buy their car, motorcycle, travel, home contents, boat & yacht, and personal accident policies in just 2 minutes, without any need to scan and submit paperwork, or to call or visit a QIC branch to complete the onboarding journey. Available in both Arabic and English, the new insurance portal offers instant covers comparison, allowing customers to get complete information on policy types, in addition to product recommendation to help them better identify the right insurance covers that suit their driving, traveling, and living needs. The online portal also allows customers to compare policy prices and select their preferred payment plans, including paying their insurance premiums in monthly installments while enjoying enhanced security for payments made via debit and credit cards. The portal’s engaging design and modern interface properly support all display types and devices, allowing both new and existing customers to experience a simplified and intuitive navigation during both the onboarding and renewal processes. Customers can also request instant assistance from QIC’s customer service at all stages of their onboarding journey via the ‘Ask us’ button and receive instant support from the QIC’s customer service team all weekdays and round the clock. For existing QIC customers, the portal offers a dedicated page for... --- - Categories: Press Releases As part of its Corporate Social Responsibility, QIC Group held a blood donation campaign for its employees at its headquarters in West Bay, yesterday, Wednesday 25th May 2022. The yearly initiative was a direct response to urgent need of blood donors by Hamad Medical Corporation (HMC) for specific blood types and to support HMC’s nationwide campaign to encourage citizens and residents to become regular blood donors. The registration and donation process were conducted with strict precautionary measures and standards ensuring the donation process was safe. After completing the registration and mandatory pre-screening, eligible QIC Group employees donated their blood in the dedicated mobile clinic provided by HMC in QIC Group’s parking lot. “We applaud our employees who spearheaded this initiative and who stepped up to donate their blood to save lives and contributed to this national duty. We also thank Hamad Medical Corporation (HMC) for their efforts and ensuring safe and hygienic infection control practices. ” commented Mr. Ahmed al-Jarboey , Chief Operating Officer, QIC, Qatar Operations. He further added that “QIC Group pledges to continue to contribute towards Qatar’s well-being through various such initiatives. ” Arabic --- - Categories: Press Releases Qatar is gearing up to host InsurHack MENA, the first InsurTech Hackathon in the MENA region organized by Qatar Insurance Group (QIC Group), the leading insurer in Qatar and the MENA region, together with Deloitte, the leading global professional services firm, Google Cloud, the global cloud provider, and QIC Digital Venture Partner (QIC DVP), the venture builder arm of QIC Group. InsurHack MENA is scheduled to take place virtually on the 5th and 6th of June, giving the flexibility for participants to join from any part of the world. The Hackathon calls upon teams and start-ups across pre-seed, seed and Series A stages from the MENA, SEA regions and Europe to join the event. Following the two-day online event, 15 participants will be shortlisted out of 50 and will proceed to a one-week mentorship phase. The final six “best” teams selected, will be invited to a demo day in Doha on the 23rd of June, during the InsurTech Summit in Doha. The Hackathon is also organized in partnership with Anthemis - the world’s leading InsurTech Venture Capital, Prifina - a leading personal data platform in Silicon Valley and Qatar Financial Centre (QFC), the go-to commercial hub between East & West. “Topics tackled by the hackathon are rooted in today’s challenges. The turmoil and uncertainty in 2020 created an exponential need to adapt to changing customer needs in the insurance sector. Insurance innovation and its value chain digitization are starting to gain strong momentum. Therefore, InsurHack MENA is on a mission... --- --- ## Agents --- ## Careers --- ## Claims --- ## Insurances Recognizing Fraudulent Emails Protecting Personal Information Identifying Phishing Attempts Email Domains Fraudulent Websites Reporting Suspected Fraud Important information you should know about Qatar Insurance Company to help you recognize and avoid common fraud schemes. Recognizing Fraudulent Emails:Qatar Insurance Company will never request sensitive information, such as passwords or financial details, via email. Be cautious of emails requesting such information or claiming urgency in response. Protecting Personal Information:Avoid sharing personal information, such as account numbers or passwords, through email or other unsecured channels. Qatar Insurance Company will only request such information through secure channels. Identifying Phishing Attempts:Be wary of emails containing suspicious links or attachments, especially those urging you to click or provide personal information. Phishing emails often mimic legitimate organizations and aim to deceive recipients. EmailsPlease note that the following are our official email domains. Any communication received from these domains are legitimate:• qicuae. com • qicgroup. com. qa • qic. com. qa Fraudulent Websites:Exercise caution when encountering websites claiming affiliation with Qatar Insurance Company. Communicate only through official channels and engage in transactions only after completing our client onboarding process. Reporting Suspected Fraud:If you suspect fraudulent activity or receive communication from a suspicious party, please contact us using the telephone number and email address provided on our website under the "Contact Us" section. Your cooperation helps us maintain the security and integrity of our insurance services. --- QIC’s Medical Individual Insurance Key Benefits Pricing Get Quote Today Get a Quote Ease your mind, be worry-free with QIC’s Medical Individual InsuranceBasic and Enhanced health insurance plans cover one or more than one member of a family for a fixed sum assured in exchange for a single annual premium. This product complies with the mandatory medical insurance requirements applicable for Dubai visa holders. Plan provides coverage in case you get hospitalized, or an ailment is diagnosed. *Individuals holding Golden Visas and Green Visas as well as investors based in Dubai and the Northern Emirates are only eligible for these plans. Key Benefits Pre-Underwritten plans (except Cancer and Maternity cases) Medicine limit upto AED 5,000 and AED 10,000 for Pulse-Basic and Pulse-Enhanced respectively Upto 10 Physiotherapy Sessions covered every year. Nil co-pay if opting for Teleconsultation or Home Delivery of medicine. Standard Pricing Age Band Basic Enhanced 0-29 1,950 2,550 30-59 2,550 6,685 60-65 8,850 10,250 --- Ease your mind; be worry-free with QIC’s Home Owners Comprehensive Insurance Cover for your Home/Building Contents in the Home Personal Belongings Domestic Helpers Free Extra Covers Buying or renewing your home insurance Get Quote Today Get a Quote Ease your mind; be worry-free with QIC’s Home Owners Comprehensive InsuranceYour home is one of your most valuable possessions and keeping it safe and sound is of paramount importance to you and your family. And, protecting your home by insuring it appropriately and adequately is always a matter of great concern. Our Home Owners Comprehensive Insurance has been carefully designed keeping your needs in mind to provide you with a feeling of complete security and peace of mind. Our Home Owners Comprehensive Insurance covers you against loss of or damage to your building/home at a very affordable price - whether you are living in the comfort of your home or have stepped out of it renting it to a tenant. In addition to our standard building cover, we provide optional extensions to cover your home contents, personal belongings and your domestic helpers, which you can add to your standard building policy for a small additional premium. This way you can tailor the cover to suit your needs and your budget. Save time, Go Online! From policy issuing to annual renewals, all your home insurance needs can be managed online. Outstanding Customer Service Our outstanding customer service ensures that you can reach us always, anytime! Policy Wordings Cover for your Home/BuildingThis policy covers... --- Medical and Related Benefits Travel Inconvenience Benefits Additional Optional Coverage Travel Insurance Flier Get Quote Today Get a Quote Medical and Related Benefits Emergency Medical Expenses (EME) 1,000,000. 00 1,000,000. 00 50,000. 00 - Emergency Dental Expenses included under EME Included under EME Included under EME - Emergency Medical Evacuation included under EME Included under EME Included under EME - Repatriation of Remains included under EME Included under EME Included under EME - Emergency Family Travel included under EME Included under EME Included under EME - Visit of a Close Relative included under EME Included under EME Included under EME - Escort of Dependent child included under EME Included under EME Included under EME Worldwide Medical Emergency Assistance included under A above Included under A above Included under A above Travel Inconvenience Benefits Travel Cancellation 2,500. 00 2,500. 00 NOT COVERED - Delayed Start up(Additional Costs of the outward trip) 1,000 (included in C above) 1000 (included in C above) - Delays on the outward trip/ Missed Departure 500 per event (included in C above) 500 per event (included in C above) Curtailment 2,500. 00 2,500. 00 Travel Baggage (Accompanied and Unaccompanied) 5,000. 00 5,000. 00 - Baggage Delay - Delayed Collection of baggage(Expenses for puchase of necessaries) 500 (included under E above) 500 (included under E above) - Personal Money 500 (included under E above) 500 (included under E above) - Laptop/ Software 500 (included under E above) 500 (included under E above) Loss of Passport/ Travel Documents 500.... --- Medical Insurance iPROMeS Participating Insurer(PI) Medical Insurance Whether it is for Groups in a corporate setting or an SME, who prefers the benefit of dealing with a transparent and trustworthy insurance partner, our wealth of experience in Medical insurance, dedicated claims handlers and Relationship managers, allows us to assess and respond to inquiries in a thoughtful and carefully considered manner. Our well experienced representatives carefully customise plans to your specific needs, with an emphasis on building long-term relationships/partnerships. Whatever may be the size of your business, we offer a range of medical insurance plans and healthcare solutions to suit your requirements. Benefits we offer: International, regional and local healthcare plans ranging from basic to fully comprehensive. Network of hospitals, clinics and pharmacies for treatment throughout the Gulf. A Worldwide network of hospitals may also be arranged for frequent travellers Our plans are in line with and are approved by the local regulators like the Dubai Health Authority (DHA) and the Health Authority of Abu Dhabi (HAAD) in the Emirate of Abu Dhabi. Our team of underwriters offers products with competitive premiums and our experienced claims officers ensure to settle claims in a swift and hassle-free manner. Our specialised team of dedicated relationship managers manage client requirements during the contractual period. Write to us at healthinsurance@qici. com. qa for getting customised healthcare solutions to suit your requirements. iPROMeSiPROMeS is the DHA’s official complaint system in regards to Health Insurance. The acronym iPROMeS stands for ‘Insurance Partner Relations Opinion Management System’. It... --- - Categories: Business Insurance Property Engineering Liability Workmen’s Compensation General Accident Insurance Property InsuranceBusiness involves capital investment and protection of your investment in building, machinery, stock and other contents are important for the healthy, long-term sustenance of your organisation. Our property insurance solutions offer peace of mind by providing appropriate coverage with timely claim assistance in the event of a accident Our products within this segment include: Fire & Allied Perils Insurance – This policy offers basic cover against named perils such as Fire, Lightning, Explosion/Implosion, Aircraft Damage, Impact Damage, Storm, Tempest, Flood, Inundation, Riot, Strike and Civil Commotion etc. This is not an “All Risks” cover and excludes accidental damage arising out of causes other than the named perils Property All Risk Insurance – This policy offers wider coverage than a standard Fire policy and your assets are covered under this policy for accidental, physical loss and/or damage Business Interruption Insurance – This policy covers loss of revenue or gross profit following accidental damage to your property covered under your Property All Risks insurance policy. This policy should co-exist with your Property All Risk Insurance and cannot be taken on a stand-alone basis. The additional covers offered under this policy include cover for Denial of Access, Customers’/Suppliers’ Premises, Accountant’s Fees and Increased Cost of Working Engineering InsuranceRisks associated with the execution of construction or erection of projects are varied. We have specialists in engineering insurance who review project proposals for risk patterns that may affect your project execution plan. Our vast collective experience... --- - Categories: Business Insurance Hull and Machinery Cargo For more than 60+ years, QIC has been at the forefront of Hull Insurance, providing tailor made solutions to its clients. Our Hull & Machinery portfolio includes traditional coverages, which are supplemented with ancillary interests, written on all internationally recognised conditions. Our territorial scope includes the GCC / Arab FOM namely, the State of Qatar, UAE, Kingdom of Bahrain, Sultanate of Oman, Kingdom of Saudi Arabia, State of Kuwait, Algeria, Djibouti, Egypt, North Sudan, Iraq, Jordan, Lebanon, Libya, Mauritania, Morocco, Palestinian territories, Tunisia and Yemen, excluding the sanctioned areasHull & Machinery TeamOur Team consists of experienced Hull & Machinery underwriters who are experts in their own segments. Moreover, our risk consultants are there to provide you with tailor-made solutions to suit specific needs of your business. Hull Insurance Hull & Machinery and I. V. War & Terrorism Risks Kidnap & Ransom Loss of Hire Mortgagees Interest Shipbuilding Risks Marine Liabilities Stevedores Marina Operators Ship Repairers Protection & Indemnity (written in conjunction with Hull) Passengers and Crew Liabilities Charterers Liability Insurance Customised Yacht InsuranceWhether you own a Pleasure Craft, you deserve to receive personal service and insurance coverage that is tailored around the way you use your vessel. Yacht Insurance Yacht owners have specific insurance needs that require a more comprehensive cover. Our Yacht Insurance underwriters have specialist knowledge about large Yachts and can provide solutions for all concerns that you may have. We can craft bespoke policies that provide comprehensive coverage to even include your crew... --- - Categories: Business Insurance Our Team We provide local admitted insurance covers such as Contact 60+ years at the forefront of Hull & Aviation Insurance QIC’s involvement in the Oil and Gas Industry dates back to its year of formation 57 years ago. Since then, the State of Qatar has witnessed phenomenal growth in the Oil and Gas sector, culminating into its becoming the LNG capital of the world. The natural outcome of this development augured well as QIC became the lead Energy insurer of the region Our TeamWe have a dedicated team comprising experienced underwriters and engineers who understand the complexity and technicality of energy related risks. Our specialised team is well versed with the process, whether it is for the early seismic surveys, upstream development phase, offshore pipe laying, project financed mega LNG trains or for construction of a refinery. Whatever may be your need, we deliver quality service and offer bespoke risk transfer solutions. We provide local admitted insurance covers such asOperations: Onshore/Offshore + OEEMaster package programme covering various facets of Offshore and Onshore Operations viz. property including supply vessels, liability, Operators Extra Expenses (well control), increased cost of redrilling, marine cargo, incidental works etc. Builders All Risks (offshore projects)Builders All Risks covering EPC contracts tailor made to suit specific requirements. This may include special conditions and clauses that are required by financiersErection All Risks (onshore projects)Erection All Risks and Advance Loss of Profit/Delay in Start Up covering downstream Energy and petrochemical projectsLiabilities and Employer’s LiabilitySabotage & TerrorismDrilling Rigs InsuranceAll policies... --- - Categories: Business Insurance Ease your mind, be worry-free Vehicle Insurance Covers Optional Covers Things to be aware with your Fleets & Vehicles Ease your mind, be worry-free with QIC’s Fleets & Vehicles InsuranceQIC’s Fleets & Vehicles insurance helps you insure vehicles under a single policy to ease you from the burden of insuring them singularly. Moreover, there is only one renewal date, one payment plan and one point of contact especially when you have to deal with claims or when you’re adding or removing vehicles from your existing policy. This helps you manage your insurance arrangements more effectively. If you have more than one vehicle that need to be insured, then look no further than QIC for your Fleets & Vehicles Insurance cover. Whether you own several High Goods Vehicles (HGVs) or a fleet of private cars, our policy can be tailored to your needs to ensure that your business will be constantly moving and delivering real results, whatever happens! QIC provides customized coverage for a range of vehicle types and fleet sizes. Complete knowledge of QIC’s Priority workshopsWith 56 years of experience in the UAE, we know every workshop and garage in the country. We have them evaluated in our unique Workshop Rating Programme so you can be sure that your vehicles would be repaired at the workshop best suited for the specific repair. Cover for wide range of vehiclesOur Fleets & Vehicles insurance policy covers for a wide range of vehicles-right from company fleets, minibus fleets, rent a car services, HGVs,... --- - Categories: Personal Insurance QIC’s Travelcare Plus Insurance Wondering what could go wrong Covers that protects you and your family Travel without Trouble – pay for where you travel Buying your travel insurance Travel benefits shedule In case of a claim Get Quote Today Get a Quote Ease your mind, be worry-free with QIC’s Travelcare Plus InsurancePlanning a holiday with your family to Paris? You certainly want to make sure that you travel without trouble, don’t you? To make sure your vacation stays hassle-free, just the way you had planned, QIC offers travel insurance, Travelcare Plus, which is the right choice for the modern traveller. Right from Medical Expenses to Trip Cancellation/Curtailment, our Travelcare Plus policy ensures that you stay covered and have a smooth, hassle-free trip. Wondering what could go wrong in a perfectly planned trip? You are focussing your camera on the Parthenon and jockeying into a position for the best shot. The next minute you step on a rock, slip, fall and break your ankle. Yes, a cascade of events to make your "dream holiday" turn into your "worst nightmare. " But you need not worry! We will cover you for your Medical Expenses. Please refer to the policy wording to know more. Missed your connecting flight? If a delay beyond your control makes you miss your connecting flight, we provide ultimate protection by reimbursing you for the verified additional cost that is necessary and appropriate. Our Travelcare Plus insurance policy ensures that you Travel without Trouble! What if a family... --- - Categories: Personal Insurance Ease your mind, be worry-free with QIC’s Home Tenant's All Risk Insurance Cover for Contents in your Home Cover for Domestic Helpers Cover for Replacing Locks Cover for Visitor's Personal Effects Buying or renewing Home Owners and Content Insurance Get Quote Today Get a Quote Ease your mind; be worry-free with QIC’s Home Tenant's All Risk InsuranceMajority of residents in the UAE live in rented apartments or homes, which are typically insured by the landlord. What most of us are not aware of however is that the contents of our home are not insured by the landlord’s insurance. We know that your home is one of your most valuable possessions and keeping it safe and sound are of paramount importance. And, protecting your home by insuring it appropriately is always of much concern. Hence our Home Tenant’s All Risk Insurance has been designed to provide you with a feeling of security and peace of mind. If there is an attempt of theft or an accident in your home, you would not be compensated for the loss or damage of your favourite camera, laptop, solitaire ring and all the other valuable belongings that mean a lot to you. Our Home Tenant’s All Risk Insurance covers you for damage or loss of your belongings, all at a very affordable price - whether you are in the comfort of your home or have stepped out. In addition to our standard cover, we provide optional policy features, which you can add to your standard... --- - Categories: Personal Insurance Yacht Insurance Get Quote Today Get a Quote Customised Boat/Yacht InsuranceWhether you own a Pleasure Craft or a Mega Yacht, you deserve to receive personal service and insurance coverage that is tailored around the way you use your vesselMega Yacht Insurance Mega Yacht owners have specific insurance needs that require a more comprehensive cover Our Mega Yacht Insurance underwriters harness specialist knowledge about large Yachts and can provide solutions for all concerns that you may have. We can craft tailor made policies that provide comprehensive coverage to even include your crew to ensure your vessel and your lifestyle stay protected The Marine team at QIC knows just what it takes to protect you. Simply fill up and submit the online proposal form and a specialist will contact you directly within 24 hours to discuss your insurance needs in detail Boat/Yacht Insurance Hull & Machinery Third Party Liability Agreed Value Coverage Medical Payments Uninsured Boater Coverage Search & Rescue Services Coverage Towing & Assistance Tender / Dinghy Coverage Get a quote today and get 10% discount on your boat insurance. Get a Quote --- - Categories: Personal Insurance Ease your mind with QIC’s Car Insurance Third Party and Comprehensive Car Insurances Motor Cover at a Glance Buying and Renewing Your Car Insurance Accidents and the Claim Process Good to Know About Car Insurance in UAE Frequently Asked Questions About QIC’s Car Insurance Get Quote Today Get a Quote Ease your mind with QIC’s Car InsuranceWe know that your car is one of your most valuable possessions and keeping it safe, sound and in good shape are of paramount importance. And, protecting your car by insuring it adequately and appropriately is always of much concern. Save time, Go Online! From policy issuing to policy renewals, all your car insurance needs can be taken care of online. Complete know-how of QIC panel of workshops We have them evaluated in our unique Workshop Rating Programme so you can be sure that your car is repaired at the workshop best suited for the specific repair. Comprehensive Car Insurance – Full Cover Comprehensive car insurance is the best option for you when you want your car to be fully covered. This insurance covers for all damages, even when you are at fault or when an accident happens with only you being involved. To know more about how you are covered, please refer to the policy wordings below. Comprehensive Car Insurance also covers Fire occasioned by self-ignition or lightning Theft, attempted theft or burglary Malicious acts of others (i. e. vandalism, etc. ) Policy Wordings Third Party Liability (TPL) Insurance Third party liability policy... --- - Categories: Personal Insurance Why you should insure your motorcycle with us? Insurance types; Third Party and Comprehensive Car Insurances Optional Covers Buying and Renewing Your Motorcycle Insurance Accidents and the Claim Process Good to Know About Motorcycle Insurance in Qatar Frequently Asked Questions About QIC’s Motorcycle Insurance Get Quote Today Get a Quote Why you should insure your motorcycle with us:1. It’s All About Making It Easy For You – We’re Online! We appreciate that you’re busy and most often don’t have time to worry about your insurances, let alone taking out time of a busy schedule to buy or renew your insurances With QIC, you can get quotes, buy and renew all your personal insurances online, and you can even file your claims online too – check it out here No need to navigate traffic, no need to look for parking and no need to wait in line – all is at your fingertips, at your convenience! 2. Speaking Of Easy, May We Present Qic One-stop For Fast And Convenient Claims HandlingAfter an accident, you can now have all the paperwork done in one place As a first – and only – in Qatar, QIC has an unique agreement with the Traffic Department to have a Traffic Department officer permanently placed in our Abu Hamour branch Read more about our claims processes here3. We’ll Navigate You Through The SouqWith 50+ years of experience in Qatar, we know every workshop and garage in the country extensively – we’ve dealt with them and know... --- ---