About

Qatar Insurance Company (QIC) is a publicly listed composite insurer with a consistent performance history of over 50 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA region. QIC is one of the highest rated insurers in the Gulf region with a rating of A/Stable from Standard & Poor’s and A(Excellent) from A.M. Best. In terms of profitability and market capitalization, QIC is also the largest insurance company in the MENA region. It is listed on the Qatar Exchange and has a market capitalization of over USD 4 billion.

History

Founded in March 1964 by the Emiri Decree, QIC sparked the beginning of an enduring legacy in Qatar’s insurance sector. Being the oldest and the largest national insurance company, the company has, from the very beginning, been committed to the burgeoning needs of Qatar’s development. It crafted solutions to transfer risks, which were related to the growing Energy, Marine, Aviation and Property and Commercial insurance sector. Casting a spotlight on personal insurance, it tailored solutions for the well-being and safety of Qatar and its people. The company’s performance history of over fifty years has not only helped to demonstrate integrity and credibility, but has also helped in earning its customers’ trust, faith and confidence. This has defined the company’s identity and heritage and has helped in carving its name in the sands of time.