life insurance

Qatar Insurance Company 

Qatar Insurance Company

 (QIC) is a Doha, Qatar-based insurance company specializing in personal and business asset protection. It is the largest insurer in the Gulf. Qatar Insurance Company S.A.Q., together with its subsidiaries, provides insurance, reinsurance, real estate, and financial advisory services. It operates through six segments: Marine & Aviation Insurance, Property & Casualty Insurance, Health & Life Insurance, Real Estate, Advisory, and Investments. The company offers personal insurance products, including car, home, travel, accident, boat, motorcycle, and insurance on call, as well as life and medical insurance; and business insurance products, such as property and commercial, marine and aviation, energy, and motor fleet insurance. It is also involved in investment management activities. The company operates in the State of Qatar, the United Arab Emirates, the Sultanate of Oman, the State of Kuwait, the United Kingdom, Switzerland, Bermuda, Singapore, Malaysia, and Malta. Qatar Insurance Company S.A.Q. was founded in 1964 and is headquartered in Doha, Qatar.

History

Qatar Insurance Company was conceived and founded by Amiri decree, on 11 March 1964. The government of Qatar was convinced that the country needed a robust insurance industry to protect the growth in personal and business assets. The currency of Qatar at that time was the Indian Rupee and QIC’s paid-up capital was Indian Rupes 1,500,000.

Qatar Insurance Company S.A.Q., along with its subsidiaries, provides insurance, reinsurance, real estate, and financial advisory services. It operates through six separate entities: Marine & Aviation Insurance, Property & Casualty Insurance, Health & Life Insurance, Real Estate, Advisory, and Investments. The company offers a variety of personal insurance products, including home care, travel care, and automobile insurance.

The company operates in the State of Qatar, the United Arab Emirates, the Sultanate of Oman, the State of Kuwait, the United Kingdom, Switzerland, Bermuda, and Malta.

Profitability

Qatar Insurance Company enjoyed a significant increase in profits in 2014 and the company recommended to its shareholders in February 2015 to distribute cash dividends. The company recommended distribution of cash dividends of 25% and bonus shares of 15%.[3]

Leadership

Leadership Khalid Bin Mohammed Bin Ali Al-Thani is the director and chairman of Qatar Insurance Co. Mr. Khalifa Abdulla Turki Al-Subaey serves as President and CEO.[4]

Tags

zahid lar

hard working is key to success

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close