Doha Insurance Group
At Doha Insurance Group, innovation is at the heart of everything we do. We have a pioneering spirit that permeates through all aspects of our business. This allows us to serve you better by continuously improving our products and services, setting new standards in our sector.
We are not just another insurance company. We are a trusted ally for life. We represent life, and embrace those who live it to the fullest. We are not in the business of selling products. We are in the business of delivering promises and instilling peace of mind. We embolden people to follow their dreams, and businesses to pursue their ambitions. We motivate them to seize every single day, and to make the most of every single opportunity. We value what our clients’ value, which is why we are always there when they need us, to protect what they care about the most in life. We stand by our clients, especially when life takes an unexpected twist or turn.
Founded to become the specialized Insurance Hub by offering innovative and quality regional & international insurance, reinsurance, risk management, and IT solutions. Among the leading national insurance groups in Qatar, Doha Insurance Group (DIG) was incorporated by a group of Qatari business leaders upon the Emiri Decree No. (30) On October 2, 1999. DIG operates as a Qatari shareholding company listed on the Qatar Exchange.
Predetermined to reinforce the private sector in Qatar, DIG pursues enhancing professionalism in accordance to the national role pledged by domestic institutions in developing the insurance sector to strengthen the national economy and support its durability. Under its umbrella, a number of prominent companies operate.
Doha Takaful: The Group’s Islamic Arm, founded in 2018 providing Shari'ah principles integrated insurance services and products. Doha Takaful was originally established as the Islamic branch of DIG in 2006.
Mena Re: The Group’s Non-life Reinsurance arm, founded in 2015.
Barzan: The Group’s IT arm, located in Jordan founded in 2016 to provide technical and information technology solutions
Mena ReLife: The Group’s Life and Medical Reinsurance Arm, located in Lebanon, founded in February 2018.
Consequentially, the Group has initiated specialized Reinsurance operations in the region and invested in a myriad of promising investment opportunities. In pursuit of this, the Group has rectified the articles of association whereby it became a group under which a number of companies operate according to the principles of transparency and control. DIG is seeking to include all its branches, subsidiaries and integrate their insurance activities under a unified framework and strategic vision. The brand name changed in 2017 to become 'Doha Insurance Group' after it reflected a high-geared performance over the past years and acquired a competitive position among national companies with gained trust of a broad base of customers.
DIG’s current and registered paid-up capital is QAR 500 million (US$ 137 million). The Group currently has more than 2,000 shareholders. The Group was originally founded by 533 senior Qatari businessmen and prestigious national institutions, with a paid capital of QR 127 million (US$35 million). Doha Insurance Company was listed on the Qatar Exchange in December 2001. DIG’s capital was increased to QAR 180 million (US$50) in 2008. A further capital increase to QAR 234 million (US$ 64 million) took place in 2012. The final capital increase to QAR 500 million (US$137 million) was done in 2014.
Doha Insurance Group has a current financial strength rating of (A-) Excellent with a stable outlook from Standard & Poor’s demonstrating the confidence amongst renowned international rating agencies that the Group enjoys.