Qatar Insurance Company: Best Insurance Leadership GCC 2022

Qatar Insurance Company (QIC) was founded in 1964 as the country’s first domestic insurer. Now it’s reshaping the regional landscape by pioneering customer-centric, digital-first capabilities. The group employs 700 professionals from 54 countries. QIC has solidified its status as the digital giant of regional insurers, with a 240-person team dedicated to ushering in a new age of connectivity through the integration of banking and fintech partnerships. QIC’s comprehensive online platform allows clients to buy and renew insurance policies within a few clicks and a couple of minutes. QIC has earned top marks for stability from international rating agencies, making it one of the most highly trusted insurance companies in the Gulf region. In 2021, the QIC group reported excellent performance in terms of profitability, diversification and investments. Gross written premiums reached $3.5bn (12.6bn QAR) and net profit was up by 400 percent over 2020. The group’s diversified portfolio covers profitable sectors across the globe: insurance, reinsurance, corporate ventures, business acceleration and real estate. QIC’s wholly owned subsidiary Epicure Investment Management is among the country’s largest regulated investment firms, managing over $7bn in equities, fixed income and real estate assets for its clients. Innovation and digitalisation have played a key role in the strategic direction of the company — and will continue to do so in the future. The CFI.co judging panel has found Qatar Insurance Company as the award winner for the second consecutive year in the category of Best Insurance Leadership (GCC, 2022).