A Renowned Qatar Insurance Company Best Review 2023

Qatar Insurance Company (QIC) is a renowned insurance company based in Doha, Qatar. Established in 1964, QIC has emerged as a market leader in Qatar and a dominant insurer in the GCC and MENA regions. With a strong presence in the global insurance market, QIC has positioned itself as one of the largest insurance companies in the MENA region in terms of gross written premium and total assets. Listed on the Qatar Stock Exchange, QIC has a market capitalization exceeding QAR 5.5 billion.

Qatar Insurance Company Reviews
Qatar Insurance Company Review


Qatar Insurance Company Growth and Success:

Since its inception, Qatar Insurance Company has experienced remarkable growth and profitability, solidifying its position as a top global insurer. With a legacy of uninterrupted profitability, Qatar Insurance Company has consistently demonstrated its ability to navigate challenging macroeconomic environments. Despite market challenges such as inflation and geopolitical unrest, Qatar Insurance Company has taken decisive steps to minimize exposure to high severity and volatile international risks.

Diversified Product Portfolio:

Qatar Insurance Company offers a comprehensive range of insurance products to meet the diverse needs of individuals and businesses. Its personal insurance offerings include car insurance, motorcycle insurance, travel insurance, home insurance, boat insurance, life insurance, and medical insurance. For businesses, Qatar Insurance Company provides insurance solutions for property and commercial assets, marine and aviation risks, energy assets, and motor fleets.

Expanding Reach and International Footprint

Driven by its ambition to become one of the top 50 insurers globally, Qatar Insurance Company has expanded its international footprint beyond the MENA region. In the first half of 2022, approximately 70% of Qatar Insurance Company gross premiums were generated from outside the MENA region, highlighting its growing presence in international markets. Qatar Insurance Company has established offices in key global financial centers such as London, Bermuda, Zurich, Malta, Singapore, Gibraltar, UAE, Oman, and Kuwait.

Financial Strength and Stability

Qatar Insurance Company’s financial strength and stability have been recognized by leading credit rating agencies. Rated ‘A-(Excellent)’ by AM Best Europe and ‘A-‘ by S&P, Qatar Insurance Company’s strong financial position reinforces its ability to meet policyholder obligations and navigate market uncertainties. In 2021, Qatar Insurance Company achieved a solvency ratio of 193%, almost double the regulatory requirement, ensuring the company’s resilience and ability to withstand potential risks.

Commitment to Sustainability

As part of its long-term vision, Qatar Insurance Company is committed to building a sustainable future for its stakeholders. Recognizing the importance of sustainability, Qatar Insurance Company aims to partner with the United Nations Environment Programme Finance Initiative (UNEPFI) to further its sustainability objectives. By embracing sustainability practices and leveraging UNEPFI’s expertise, QIC seeks to create value for investors, employees, and customers while contributing to environmental and social well-being.

Operational Efficiency and Digital Innovation

Qatar Insurance Company’s success is attributed to its operational efficiency and commitment to digital innovation. By focusing on process efficiencies and automation, Qatar Insurance Company has enhanced its operational effectiveness, delivering exceptional customer service. The company’s digital capabilities are exemplary, evident in the development of innovative online solutions and user-friendly platforms. QIC’s award-winning car insurance website and its position as a leader in the region’s insurtech industry underscore its commitment to digital transformation.

Growth Strategies and Market Expansion

QIC’s (Qatar Insurance Companies) growth strategies are centered around expanding its primary insurance business, particularly in the profitable direct-line insurance markets throughout the GCC. By capitalizing on its strong market position and expertise, QIC (Qatar Insurance Companies) aims to capture a larger market share and drive sustainable growth. The company has also made strategic decisions to exit high severity, low-margin, and loss-making international markets, enabling it to focus on areas of higher potential.

Leadership and Governance

Under the guidance of Sheikh Hamad bin Faisal Al Thani, Chairman of QIC (Qatar Insurance Companies) Group, and Khalifa Abdulla Turki Al-Subaey, Group President, Qatar Insurance Company has demonstrated strong leadership and effective governance. The leadership team’s expertise and strategic vision have positioned QIC (Qatar Insurance Companies) as a trusted and reliable insurance provider. QIC’s (Qatar Insurance Companies) commitment to corporate governance and adherence to ethical standards further reinforce its reputation in the industry.

Community Engagement and Environmental Responsibility:

QIC (Qatar Insurance Companies) is dedicated to supporting Qatar’s efforts to reduce greenhouse gas emissions by 25% by 2030. As a responsible corporate citizen, QIC became the first insurer in the Middle East to sign the United Nations’ Principles for Sustainable Insurance. The company’s commitment to environmental, social, and governance (ESG) principles is embedded in its operations and decision-making processes, aligning with its vision for a sustainable future.


Qatar Insurance Company (QIC) has established itself as a leading insurance provider in Qatar, the GCC, and the MENA region. With a legacy of growth and profitability, QIC (Qatar Insurance Companies) continues to expand its international footprint, offering a diverse range of insurance products to individuals and businesses. Anchored by its financial strength and commitment to sustainability, QIC (Qatar Insurance Companies) is well-positioned to navigate market challenges and deliver market-leading levels of customer service. With a focus on operational efficiency, digital innovation, and responsible governance, QIC (Qatar Insurance Companies) remains a trusted partner for individuals and businesses seeking reliable insurance solutions.

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