Qatar Insurance Group

QIC Group Pavilion Attracts Global Tech Community at Web Summit Qatar 2025. Qatar Insurance Group (QIC Group) is making waves at Web Summit Qatar 2025, welcoming thousands of visitors to explore the future of insurance innovation. From cutting-edge InsurTech solutions to thought-provoking discussions, our pavilion is a hub for industry transformation. - Engaging panel discussions on digital transformation, parametric insurance, and bancassurance - Corporate innovation workshops showcasing real-world digital insurance solutions - Fireside chats with industry leaders on investment strategies, AI, and embedded insurance 📅 Upcoming Highlights: 📌 Feb 26: - 10:30 AM – Commercial & Embedded Insurance: Trends & Opportunities - 12:45 PM – AI & Digital Transformation in InsurTech with MENA InsurTech  Association & Google Join us at QIC Pavilion to be part of the conversation shaping the insurance industry’s future. 🔗 For the full schedule: qic.promo #QIC #QICGroup #WebSummitQatar #InsurTech #Innovation #DigitalTransformation #FutureOfInsurance

QIC Group Showcases the Future of the Insurance Industry at the Web Summit Qatar Insurance Group (QIC Group) is proud to be part of Web Summit Qatar 2025, happening from February 23-26 at the Doha Exhibition & Convention Center. As the leading insurer in Qatar and the MENA region, we are set to showcase our cutting-edge digital innovations under the theme: "The Future of Insurance, Powered by QIC." - Innovation at the Core: From InsurTech investments to AI-driven solutions, we are committed to nurturing disruptive startups and building digital ecosystems that will redefine the industry. - The Innovation Floor: A launchpad for global startups, investors, and corporations looking for growth in MENA’s insurance landscape. - Engaging Workshops & Speaker Series: Industry leaders will discuss the future of insurance in an AI-driven world, corporate innovation, and investment trends. “As the locomotive of digital innovation in the region, we at QIC are better positioned to anticipate the future of insurance and help regional players navigate industry shifts.” – Salem Al Mannai, Group CEO, QIC. Join us at the QIC Pavilion and be part of the transformation. For more details, visit qic.promo. #QIC #QICGroup #WebSummitQatar #FutureOfInsurance #DigitalInnovation #InsurTech #AI #Qatar

Qatar Insurance Group: Strategic Investments & Partnerships Paving the Way for greater Regional Expansion 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 Fakhreddine Mrabet, 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 Doha. There are 2 more companies that have joined the MENA InsurTech Accelerator in the meantime: Starup Insurance & Otonomi, both from US. As part of QIC’s commitment to empowering talent, supporting innovative startups, and creating new investment opportunities, QIC will provide resources and strategic guidance and an opportunity of financial support. This will allow these companies to expand into dynamic markets such as the GCC, North Africa, South Asia, and Europe. “Our investments in these companies reflect our vision of creating a smart and efficient insurance ecosystem that spans the region and the globe. This investment is not just an expansionary step, but a commitment to reshaping the future of insurance through innovation and partnerships, while ensuring that the best insurance solutions are provided to customers and enhancing operational efficiency and profitability. These companies will enable us to offer innovative and flexible insurance solutions across various countries, particularly in petroleum-producing industries, and meet the needs of both developed and developing markets. This will further strengthen our position as an unrivaled market leader, focusing on increasing profitability and sustainable growth in the long term.” #QICGroup #Qatar #InsurTech #StartupInvestment #EmbeddedInsurance #AI #GlobalExpansion #StrategicPartnerships

QIC Group reports a 19% rise in Net Profits to QAR 735 million for the year 2024 Qatar Insurance Company (QIC Group), the leading insurer in Qatar and the MENA region, has reported a net profit of QAR 735 million for 2024, reflecting a 19% increase from the previous year. This achievement highlights QIC’s strategic focus on profitable growth, operational efficiency, and digital transformation. SH.Hamad Bin Faisal al Thani, Chairman of QIC Group, emphasized the company’s strength as it enters its seventh decade: “Having demonstrated its resilience, QIC has consolidated and further built upon this progress with excellent results, underlining the success of our long-term strategy—focusing on profitable national and regional markets while reducing exposure to international volatility.” A key highlight of 2024 was the significant growth in domestic and regional markets, with Gross Written Premiums (GWP) rising 39% to QAR 4.8 billion, now contributing 52% of total premiums. This strategic shift has strengthened QIC’s dominant position in MENA while ensuring sustainable profitability. Mr.Salem Al Mannai, Group CEO, attributed this success to QIC’s disciplined approach: “We have consistently delivered stable, bottom-line-driven growth, supported by enhanced underwriting strategies, automation, and process efficiencies.” He also noted that QIC’s international business, primarily written through its Lloyd’s subsidiary, Antares, has remained profitable following the exit from loss-making operations. QIC has continued to lead in digital transformation, enhancing its award-winning QIC App and online platforms to offer seamless insurance solutions. The Group remains at the forefront of AI-driven innovation, shaping the future of the industry through initiatives such as the MENA Insurtech Summit and active participation at Web Summit Qatar. Beyond financial performance, QIC remains committed to sustainability, integrating ESG principles into its business and supporting Qatar’s national vision for a greener future. The company also launched the QIC Blog to promote financial literacy and engaged with younger generations through edutainment initiatives at KidzMondo Doha. As QIC moves forward, it remains focused on profitable expansion, customer-centric innovation, and strengthening its leadership in MENA. With a solid foundation and a vision for the future, the Group is poised for continued success in 2025 and beyond. #QIC #QICGroup #Insurance #FinancialResults #Profit #Growth #DigitalTransformation #MENA #FY2024

For the 4th consecutive year at the prestigious MENA II Awards 2025 “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 and helping each of them achieve financial wellbeing in Qatar, the MENA region, and around the world.”said, Mr. Salem Al Mannai, CEO of QIC Group. 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. #QIC #Qatar #InsurerOftheYear #MENAIIAwards #InsuranceExcellence #Innovation

Qatar Insurance Group and Ooredoo Group sign MoU to offer integrated insurance products that deliver true value in a rapidly changing world “We are excited to embark on this strategic partnership with Ooredoo, which reflects our commitment to delivering cutting-edge insurance solutions that meet the evolving needs of our customers,” said Mr. Salem Al Mannai, CEO of Qatar Insurance Group. “By leveraging Ooredoo’s digital capabilities, we can offer our clients a more seamless and efficient experience, whether it’s through faster claims processing, personalized coverage options, or enhanced customer service. This collaboration represents a new era of innovation; a significant step toward transforming how we serve our customers in a rapidly changing world.” Al Mannai added. “Our collaboration with QIC represents the convergence of two industries - insurance and telecommunications - working together to offer innovative solutions that are deeply aligned with the needs of today’s digital world. By combining our expertise, we aim to set a new benchmark for service delivery, offering customers more comprehensive, connected, and personalized experiences as we navigate this exciting era of transformation together,” said Mr. Aziz Aluthman Fakhroo, CEO of Ooredoo Group. This partnership is a testament to the power of collaboration between industries that are essential to the modern economy. By harnessing QIC’s deep expertise in insurance and Ooredoo’s telecommunications infrastructure and, the two companies are committed to creating a more connected, efficient world. Together, they will help businesses and individuals navigate the complexities of the digital age while enhancing the overall customer experience. The Emerging Need for Cyber Insurance: A Key Focus of the Partnership As part of the strategic collaboration, the two companies will roll out a comprehensive cyber insurance offering. The product will protect individuals and businesses from a variety of online threats, including cyber-attacks, cyber extortion threats, identity theft, credit card fraud, phishing & theft of funds, smart devices & wearables, and online shopping fraud.   #QICGroup #OoredooGroup #DigitalEconomy #Insurance #Telecommunications #Cybersecurity #ConsumerProtection

We are proud of our role as the Platinum Sponsor for the Qatar Energy Industry Seminar 2025: Perspectives on Sustainable Transformation, organized by Marsh McLennan. Our involvement in the seminar underscores our dedication to fostering innovation and sustainability within the energy industry, and we are excited to contribute to the dialogue on energy transition and to collaborate with industry leaders to drive positive change.   The insurance industry plays a crucial role in supporting sustainable transformation in the energy sector by providing risk management solutions that enable the adoption of new technologies and sustainable practices. By offering comprehensive coverage and facilitating investments in clean energy projects, insurers like QIC Group help mitigate risks associated with the transition to a sustainable energy future. Our sponsorship supports the goals of Qatar National Vision 2030, which aims to transform Qatar into an advanced society capable of sustaining its development and providing a high standard of living for its people. By supporting events like the Qatar Energy Industry Seminar, QIC Group contributes to the nation's vision of achieving a balance between economic growth, social development, and environmental protection. Marsh Middle East and Africa #QICGroup #QatarEnergyIndustrySeminar #SustainableTransformation #EnergyTransition

Qatar Insurance Group hosts the "Little Employee Initiative," a day of learning and fun for young visitors 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 and ambition among the younger generation. It was wonderful to see the joy and enthusiasm on the faces of the children as they learned about the various aspects of our business.” He added, “We thank QCDC for their incredible efforts and support. Qatar Insurance Group remains committed to fostering educational and developmental opportunities for the youth, ensuring that they are well-prepared for their future careers. The "Little Employee Initiative" exemplifies this commitment, providing a platform for children to explore and understand the professional world in an engaging and supportive environment.” #QIC #Qatar #LittleEmployeeInitiative #QatarFoundation #QCDC #EmpoweringYouth

QIC Group net profit increase 16% to QAR 525 million Highlights in 9M 2024 · Consolidated net profit for 9M 2024 increase by 16 % to QAR 525 million, compared with QAR 453 million for the previous year. · Gross written premiums for 9M 2024 of QAR 7.2 billion. · Domestic and MENA operations Gross Written Premiums rise by 43% in 9M 2024, to QAR 3.9 billion. · Insurance service results increase by 62% to QAR 414 million in 9M 2024, compared to QAR 255 million for the same period in 2023. #QIC #Insurance #FinancialResults #Profit #Growth #Q3

Qatar Insurance Company - Qatar Named General Insurance Company of The Year 2024 in Qatar 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. “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. “Said, Mr. Salem Al Mannai, Group CEO of QIC. #QIC #Qatar #Insurance #GeneralInsuranceCompanyofTheYear #TheAsset