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Business / Qatar Business

QIC named ‘Insurer of The Year in Qatar’

Published: 30 Jan 2023 - 08:58 am | Last Updated: 30 Jan 2023 - 08:59 am
An official of Qatar Insurance Company receives the Insurer of the year in Qatar award at the MENA IR Awards 2023.

An official of Qatar Insurance Company receives the Insurer of the year in Qatar award at the MENA IR Awards 2023.

The Peninsula

Doha: 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 digitisation 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 on-boarding to claims. 

The prestigious 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. 

Commenting on this recognition, 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 product quality, customer centricity and digital innovation. 

This recognition also reflects QIC’s leading position in ushering the insurance industry in Qatar into a new era that offers customers a seamless insurance experiences that aligns with the demands of modern life.” 

Al Jarboey added: “With our dedication to innovation, our unique customer-centric approach, and relentless investments in digitizing our products and services, QIC remains better positioned to continue offering the ideal insurance experience to everyone in Qatar, and to make people’s lives safer and better.” 

Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA regions. 

QIC is also one of the largest insurance companies in the MENA region in terms of gross written premium and total assets.

It is listed on the Qatar Stock Exchange and has a market capitalization in excess of QR 6.5bn.