QIC Net Profit before Pillar II Tax increases by 23%
9M 2025 highlights
Gross Written Premiums (GWP) totaled QAR 7.9 billion, a 9% year-on-year increase.
The Group has posted insurance service results of QAR 353 million in 9M 2025.
Net profit, after tax rose by 12% year-on-year to QAR 588 million.
QIC’s net profit before Pillar II global tax provision reached QAR 645 million, up by 23% from September 2024.
Investment and other income amounted to QAR 746 million, a 3% year-on-year increase.
Earnings per share increased to QAR 0.135 per share from QAR 0.118 per share.
Qatar Insurance Group (QIC Group, QIC, the Company), the leading insurer in Qatar and the Middle East and North Africa (MENA) region, today reported a Net Profit of QAR 588 million for the first nine months of 2025, a rise of 12% from QAR 525 million for the same period in 2024. Following a meeting of the Board of Directors dated 28 October 2025, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results.
Commenting on the financial results, Mr. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, said: “The Company’s financial results for the first nine months of 2025, culminating in a 23% year-on-year increase in Net Profit before the Pillar II impact, reflect the ongoing strategic success of all of QIC’s business units. QIC is a thriving, astute industry leader, known for its product innovation, technological capabilities, client-centricity and robust governance. The Company’s underwriting portfolio continues to benefit from long-term strategic rebalancing towards its core markets in Qatar and the MENA region, where economic growth is on a resilient, upward path at this time of persistent global uncertainty and slowing global growth. QIC’s international business remains an important earnings contributor and diversifier, with our Lloyds London operations presenting exciting avenues for healthy bottom line focussed growth. QIC’s high-quality, expertly managed investment portfolio has also continued to deliver solid returns, with 5% Return on Investment for the first nine months of 2025.”
Mr. Salem Al Mannai, Chief Executive Officer of QIC Group, said: “Through 2025, QIC continued to expand its products and services to customers across Qatar and the MENA region. Through our Antares Lloyds Syndicate, we also sought targeted growth in international markets, including in emerging Asia and developing Africa. We are extremely proud to be a frontrunner in the digital transformation of the insurance industry, supporting clients with innovative financial protection products and world-class service standards that we constantly advance to meet fast-changing needs and expectations. Evidence of our growth-driving initiatives from this reporting period include the launches of Qatar’s first-ever personal lines school fee protection and cyber insurance products, our Insurtech startup investments, and further enhancements made to our car insurance services and award-winning QIC App for Qatar motorists.”
QIC achieves ongoing growth in its core markets
Global GDP growth forecasts for 2025 were revised slightly upward to 3.2% in September 2025 compared to 2.9% at mid-year, aided by production and trade front-loading ahead of US-led tariff hikes, AI investments in the US and fiscal support in China (OECD). However, this still represents a slight global economic growth slowdown from 3.3% in 2024. The 2026 global outlook is for further slowing – due to higher tariffs, ongoing policy uncertainty and the end of front-loading – with significant risks to the downside, including from fiscal and financial stability risks.
In contrast, as reported in QIC’s H1 2025 financial press release, economic growth in MENA is expected to rise moderately to 2.6% in 2025, indicating resilience despite regional conflicts. Expectations for the GCC region are a two-fold year-on-year rate increase to 4.1% in 2025 and a further increase to 4.6% in 2026, driven by a strong regional energy sector growth (reversal of production cuts), non-oil diversification and the GCC’s low vulnerability to tariff increases.
QIC continues to benefit from the economic resilience in its core markets, fostered by the Group’s long-term strategic rebalancing of its underwriting portfolio to profitable markets in Qatar and the MENA region, and its exit from any loss-making and lower-margin international business. This strategic shift can be seen in QIC’s share of gross written premiums (GWPs) for the period from domestic and MENA operations, which increased from 54% to 60% year on year, while international business reduced from 46% to 40% of GWPs.
Through the first nine months 2025, the Group also continued to enhance the risk diversification of its underwriting portfolio, further growing its GWPs in personal lines, health, marine and energy. The expansion of QIC’s personal lines product suite and strong digital offerings continued to drive business and cement QIC’s position as a lead insurer for the MENA region. As a part of its underwriting portfolio restructuring strategy, QIC’s exposure to UK motor business remains limited to reinsurance.
During the quarter the effect of the higher pace of shorttail premium growth at the regional operations, which has impacted the revenue recognition and claims incurred along with, the success of QIC’s strategic rebalancing measures and technology-led product and service proposition is evident in the period’s Insurance Service Result of QAR 353 million.
Strong investment performance
QIC Group has a high-quality, well diversified investment portfolio with a stable year-on-year composition. As of 30 September 2025, Assets Under Management remained stable year on year at QAR 20.5 billion. Investment and Other Income for the first nine months of 2025 rose by 3% year on year to QAR 746 million. The Company also reported a robust Return on Investment for the period of 5%, compared to 4.9% for the same period in 2024.
Consistent earnings growth
QIC achieved a Net Profit for the first nine months of 2025 of QAR 588 million, representing a 12% year-on-year increase. Net Profit Attributable to Shareholders of the Parent was QAR 573 million. Earnings per Share for the period were QAR 0.135, a 14% increase compared to the same period in 2024.
QIC excels in personal lines product innovation
In line with its commitment to support the objectives of the Third Financial Sector Strategic Plan launched by Qatar Central Bank, QIC launched Qatar’s first-ever personal lines school fees protection insurance. This innovative coverage is provided to parents for specific unforeseen circumstances that prevent their ability to pay fees, such as involuntary loss of employment, permanent disability or accidental death, or that prevent the child from pursuing their studies. The insurance also reimburses examination fees if the student is unable to sit exams due, for example, to hospitalisation.
The period also saw QIC proudly launching Qatar’s first-ever personal lines cyber insurance, a product that protects consumers against financial losses from cyber attack, online shopping fraud, credit card fraud, phishing scams, cyber extortion, identity theft and damage to connected devices and wearables from cyber risk.
In yet another initiative to better serve clients and streamline their insurance-buying experience, QIC further enhanced its car insurance services, adding the possibility to obtain on-the-spot insurance for vehicles that pass inspections at its inspection centre outlets or via the QIC App. The Company also expanded the content on its platform “QIC Reads” to help customers navigate regulations relating to vehicle registration.
Planned expansion to Saudi Arabia
In alignment with QIC’s long-term GCC growth strategy, QIC presented a comprehensive proposal to establish a branch operation in Saudi Arabia, where market GWPs are projected to grow at a five-year compound annual growth rate (CAGR) of 8.9%, reaching SAR 105.3 billion by 2029. Subject to regulatory approval, QIC’s branch model will leverage the Company’s extensive technical infrastructure and regional expertise, while capitalising on supportive regulatory reforms, mandatory insurance frameworks and momentum from Saudi Vision 2030.
Investing in the next generation of industry leaders
QIC successfully carried out its 2025 Summer Internship Programme, providing a structured business learning experience for select high-achieving school students from across Qatar.
Accelerating AI-powered growth
Promoting the integration of advanced AI capabilities to amplify the QIC brand, reach new markets and strengthen stakeholder relationships, the Company held an intensive training programme on leveraging the power of to all senior management along with its Public Relations, Marketing and Business Development teams.
Championing ESG
Aligned with Qatar’s national goal to reduce greenhouse gas emissions by 25% by 2030, QIC has a comprehensive Environmental, Social, and Governance (ESG) framework, formally endorsed by its Board of Directors, as well as a dedicated ESG and Sustainability Committee to integrate sustainability principles across its underwriting and investment operations. As of 22 May 2025, QIC was the first company in Qatar and only insurer in the MENA region to receive a provisional ESG ‘AAA’ ESG rating from MSCI ESG Research, placing QIC amongst the world’s top-performing Property and Casualty insurers for ESG excellence and governance resilience.
Awards and recognition
The period saw QIC honoured as “Insurer of the Year” in Qatar at the prestigious MENA II Awards for the fourth consecutive year, acknowledging QIC’s outstanding achievements in establishing Qatar’s first insurance-powered digital ecosystem.
QIC App, the Company’s flagship platform, continued to receive high accolades. QIC was awarded the “Customer Experience Initiative of the Year in Qatar” title at the Insurance Asia Awards 2025 for the app’s success in delivering a seamless and innovative customer journey. QIC App was named “Most Innovative Mobile App in Qatar” at the Middle East Technology Excellence Awards 2025, in the recognition that it had set of a new benchmark for excellence and customer-centricity. The app was also acknowledged as one of the top financial innovations in the Middle East at Global Finance’s Innovators Awards 2025 – QIC was the only insurance company from the MENA region to be included in this prestigious ranking.
QIC was recognised at the Google Cloud Summit Doha 2025 for driving innovation in the financial industry – a recognition that highlighted QIC’s bold adoption of cloud-native technologies and AI-driven solutions, and its role as an industry thought leader.
QIC also ranked among Qatar’s “10 Most Valuable Brands” and “10 Strongest Brands” in 2025 by Brand Finance, the world’s leading brand valuation consultancy, reflecting QIC’s strong reputation, financial performance and strategic vision.
Recognising QIC’s long-term expertise in global fixed-income investing, QIC Asset Management was recognised for the eighth consecutive year as one of the “Top Investment Houses (Asset Managers Category) in Asian G3 bonds from the Middle East & North Africa” by The Asset Magazine. In addition, two team members ranked in first and second place for “Most Astute Investors”.
Supporting Qatar’s heritage and development
Underscoring QIC’s commitment to Qatar’s broader development and to preserving Qatar’s cultural heritage, and guided by Qatar National Vision 2030, QIC continued as the official insurance partner of the 9th edition of the Katara International Hunting and Falcons Exhibition, S’hail 2025, as an official sponsor at the 5th edition of the Katara International Arabian Horse Festival and as official sponsor of the 2025 Commercial Bank Qatar Masters. The Company was also proud to sponsor the Build Your House Exhibition 2025, reaffirming its commitment to resilient housing in Qatar.
Qatar Insurance Group Concludes 2025 Summer Internship Program with Outstanding Student Participation
Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, successfully concluded its 2025 Summer Internship Program with a celebratory closing ceremony held on Wednesday, July 30. The program ran throughout June and July and welcomed a select group of high-achieving high school students from across Qatar, chosen for their academic excellence and interest in exploring future careers in the insurance and financial services sectors.
Designed to offer students meaningful insight into the professional world, the structured internship provided participants with hands-on experience in a real business environment. Under the guidance of QIC’s seasoned professionals, interns were mentored throughout their learning journey, with support continuing even after the program’s conclusion.
Throughout the summer, the interns engaged in a wide range of activities across the insurance value chain including underwriting, claims management, customer experience, and risk analysis. They also gained exposure to QIC’s supporting departments, such as information technology, human resources, and legal affairs. In addition to on-the-job training, the students participated in interactive workshops and collaborative group projects, allowing them to apply newly acquired skills in realistic business scenarios.
The program’s core objective was to spark student interest in the insurance industry while cultivating essential soft skills such as teamwork, effective communication, critical thinking, and problem-solving.
Mr. Rashid Al-Buainain, Chief Administrative Officer at QIC Group, praised the interns for their dedication and enthusiasm, stating: “Our summer internship program is a key pillar of QIC’s commitment to empowering young talent and preparing the future workforce. Each year, we are inspired by the curiosity, drive, and fresh ideas these students bring. It’s a privilege to create an environment where they can learn, grow, and envision their future careers. As a national institution, we see investing in youth as a direct investment in Qatar’s future, and we remain steadfast in that mission.”
Student Reflections
Salem Ahmad Al Mansoori, one of the interns, shared his thoughts: “I’m truly grateful for the opportunity to intern at QIC this summer. It was my first exposure to a real work environment, and I got to see how things operate behind the scenes. Everyone was incredibly supportive, and I gained valuable knowledge about the insurance industry and its importance.”
Ahmed Mohamed Mahmood added: “This experience gave me a clearer picture of how companies function and how teams work together across departments. I’ve also learned the value of strong communication and organizational skills. I now feel more confident and prepared for my future studies and career.”
Qatar Insurance Group Earns MSCI’s Highest ESG Rating, Cementing Its Leadership in Regional and Global Sustainability
Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has achieved the prestigious (p) ‘AAA’ ESG rating from MSCI ESG Research—the highest possible rating under MSCI’s globally recognized environmental, social, and governance (ESG) framework.
This exceptional milestone places QIC among the world’s top-performing insurers for ESG excellence and governance resilience. It also solidifies QIC’s position as the first company in Qatar and the only insurer in the MENA region to receive a provisional ESG ‘AAA’ rating from MSCI*, joining an elite group of property and casualty insurers worldwide to earn this distinction.
A Testament to ESG Leadership Effective as of 22 May 2025, the rating highlights QIC’s outstanding performance across key ESG pillars:
Privacy & Data Security: Robust data protection measures, world-class cybersecurity infrastructure, and regulatory compliance.
Human Capital Development: Strong employee engagement, inclusive talent strategies, and proactive feedback channels.
Corporate Behavior: A well-established culture of ethical integrity, anti-corruption frameworks, and a governance track record free of controversies.
Salem Al Mannai, QIC Group CEO, commented:
“The State of Qatar is a proud signatory to the Paris Agreement, and at QIC Group, we have aligned our sustainability strategy with the United Nations Sustainable Development Goals, the Qatar Stock Exchange’s ESG reporting guidelines, and the Qatar Central Bank’s directives to strengthen sustainable practices in the financial sector.
We take great pride in being a model of excellence in sustainability and governance, both in Qatar and across the region. This national achievement is a testament to Qatar’s advanced investment environment and a reflection of the professionalism and efficiency of the country’s regulatory authorities—foremost among them the Qatar Central Bank, which has played a pivotal role in shaping the legislative and regulatory frameworks that empower institutions under its supervision to grow and thrive sustainably.
Achieving MSCI’s ‘AAA’ rating reaffirms our unwavering commitment to sustainability and robust governance. This recognition is a direct result of our clear strategy, disciplined operations, and the tireless efforts of our people to deliver world-class performance across all aspects of our business.
In today’s environment—shaped by climate risk, rising societal expectations, and increased investor focus—ESG excellence is no longer optional. It is a strategic priority that defines long-term value, resilience, and reputation.
At QIC, we see ESG as more than a responsibility—it is an opportunity to lead with purpose, build trust, and contribute to the sustainable transformation of financial services in Qatar and across the region. MSCI’s recognition further strengthens our resolve to set new benchmarks, continuously elevate our performance, and champion sustainable finance throughout MENA.”
Outperforming Regional and Global Peers
With a weighted, industry-adjusted ESG score of 9.7, QIC significantly outperformed both regional and global industry averages, placing it among a select group of global peers that have achieved the ‘AAA’ rating.
MSCI ESG Research specifically commended QIC for:
Rigorous data privacy protocols aligned with global standards, complemented by regular security audits and employee training.
Leadership in responsible investment, with transparent ESG policies covering the entire investment portfolio.
A strong ethical framework, including anti-bribery, anti-money laundering, and whistleblower protections.
Robust governance, with a highly independent board and dedicated audit, nomination, and compensation committees.
Sustained Excellence Across ESG Priorities QIC’s ESG success is built on long-term, integrated efforts across all areas of its business: Human Capital and Workplace Leadership
80% employee engagement score and a 90%+ retention rate.
A diverse workforce representing 67 nationalities across six continents.
Comprehensive benefits, regular performance reviews, and structured grievance mechanisms.
Investment in talent development platforms that foster career growth and leadership visibility.
Responsible Investment Pioneer
The first insurer in MENA to publicly measure and disclose ESG risks across its entire investment portfolio.
ESG investment scores nearly double the global industry average.
Proactive targets for ESG ratings and carbon intensity reduction across key holdings.
Data Protection and Cybersecurity Leadership
The first regional insurer to voluntarily align with the EU’s General Data Protection Regulation (GDPR).
Advanced data classification, loss prevention technologies, and a proactive cybersecurity framework backed by regular internal and external audits.
Leading Sustainable Insurance Practices
The first insurer in MENA to sign the UNEP FI Principles for Sustainable Insurance (PSI), embedding sustainability into underwriting and risk management strategies.
Meaningful Community and Environmental Action
The first insurer in the region to launch a large-scale reforestation initiative, committing to plant one million trees across Qatar to support national climate goals and combat desertification.
Active partnership with Qatar’s Ministry of Environment and Climate Change (MoECC) to support the Third National Development Strategy (2024–2030), focusing on biodiversity preservation, carbon sequestration, and climate resilience.
This forward-thinking project is expected to significantly enhance air quality, conserve water resources, protect local ecosystems, and contribute to Qatar’s long-term environmental sustainability.
This milestone is the result of a long-standing journey of commitment and dedicated work towards achieving the highest standards of sustainability. Qatar Insurance Group was the first insurance company in the Middle East to sign the Principles for Sustainable Insurance (PSI) under the United Nations Environment Programme Finance Initiative (UNEP-FI) last year, underscoring its leadership and pioneering role in this field.
The Group remains firmly committed to supporting Qatar’s national efforts to reduce greenhouse gas emissions by 25% by 2030, in line with the country’s national strategy. QIC Group has also established a comprehensive ESG governance framework and developed a long-term strategy to embed sustainability principles into both its underwriting philosophy and asset management practices.
To ensure these efforts are fully integrated across the Group, a dedicated Sustainability Committee has been established to lead this strategic direction and drive the achievement of its ambitious objectives.
About MSCI ESG Ratings: MSCI is one of the world’s leading ESG Ratings agencies. Its ESG Ratings aim to measure a company’s management of financially relevant ESG risks and opportunities. The company uses a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers. ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).
Qatar Insurance Group Recognized at Google Cloud Summit Doha 2025 for Driving Innovation in the Financial Industry
Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, was recognized at the Google Cloud Summit Doha 2025 for driving innovation in the financial industry. This recognition marks a significant milestone in QIC’s strategic journey to revolutionize insurance through advanced technologies and global partnerships.
The summit, held at the Qatar National Convention Centre, brought together over 1,500 attendees, including Google Cloud partners, government leaders, enterprise customers, and technology innovators. The event focused on the latest breakthroughs in artificial intelligence, data, cloud computing, and cybersecurity.
QIC’s recognition highlighted its bold adoption of cloud-native technologies and AI-driven solutions, as well as its role as a thought leader shaping the future of the industry. Notably, QIC organized and hosted the annual fourth edition of the MENA Insurtech Summit and the inaugural MENA Fintech Summit earlier this year in Doha. These events brought together global experts, regulators, investors and startups to accelerate innovation, regulation, and investment in digital insurance and financial services.
During the Google Cloud Summit 2025, QIC Group CEO Mr. Salem Al Mannai held high-level meetings with senior Google Cloud executives, including Mr. Anthony Cirot – Vice President, EMEA South, Mr. Ghassan Kosta – Regional General Manager, and Mr. Basel Haddadin – Regional Sales Manager. The discussions focused on ongoing digital transformation projects and expanding collaborative opportunities in areas such as AI-powered customer experience, real-time data analytics, operational automation, and next-generation cloud security.
Reflecting on the recognition, Mr. Salem Al Mannai said, “At Qatar Insurance Group, we are reimagining insurance for the digital age by embedding advanced cloud infrastructure, AI, and data intelligence into every layer of our business. Our partnership with Google Cloud is a cornerstone of this journey, enabling us to deliver secure, scalable, and customer-centric solutions. This recognition at the Google Cloud Summit affirms our strategic commitment not only to digital excellence, but to leading the transformation of the financial sector across our region.”
He added, “Initiatives like the Google Cloud Summit are necessary platforms for open collaboration where ideas, capital, and technology come together to accelerate meaningful change. We are proud to contribute to these conversations and to help shape a resilient, digital-first future for insurance and finance in the MENA region.”
QIC’s participation in the Google Cloud Summit reinforced its position as a regional innovation leader, committed to evolving the insurance model through bold technological investments and cross-sector collaboration. As the industry continues to face new challenges and opportunities, Qatar Insurance Group remains focused on building a smarter, more agile, and future-ready financial ecosystem, both within Qatar and beyond.
“What we are accomplishing today through digital transformation and investment in innovation reflects our deep belief in Qatar National Vision 2030, which places knowledge and technology-based economic diversification at its core. The vision encourages impactful partnerships between the public and private sectors and at Qatar Insurance Group, we are committed to being a key pillar in this comprehensive national transformation,” concluded Mr. Al Mannai.
NOS: Σταματά τη συνεργασία με την QEL της Qatar Insurance
Τη διακοπή της συνεργασίας της με την QEL, θυγατρική της Qatar Insurance Group, ανακοίνωσε η NOS.
Όπως αναφέρει ενημερωτική επιστολή της εταιρείας προς το δίκτυο:
«Αγαπητοί Συνεργάτες,
Μετά από δέκα χρόνια συνεργασίας με την OEL, σας ενημερώνουμε πως αυτή η επιχειρηματική σχέση της NÕS έχει ολοκληρωθεί.
Δε θα τοποθετούμε πλέον νέα παραγωγή και τα μέχρι τώρα συμβόλαια θα εξυπηρετούνται από εμάς.
Εμείς παραμένοντας σταθεροί στο δικό μας επαγγελματικό όραμα της “ομαδικής δουλειάς”, ανοίξαμε έναν νέο κύκλο συντονισμένων συνεργασιών με την δημιουργία μιας ηλεκτρονικής πλατφόρμας (έχετε ήδη το σχετικό Ιink με τους κωδικούς εισόδου).
Πέραν τούτου, ευελπιστούμε πολύ σύντομα να ανοίξει και ένας ακόμη κύκλος μιας αποκλειστικής συνεργασίας.
Σας εύχομαι καλή επιτυχία και σύντομα θα συναντηθούμε στον χώρο σας.
Με εκτίμηση,
Βασίλης Λιάγκας»
Υπενθυμίζεται ότι η NOS στις 31 Ιανουαρίου 2023 είχε διακόψει τη συνεργασία της και με την WAKAM, λόγω αθέμιτου ανταγωνισμού, όπως ανέφερε.
Qatar Insurance Group Celebrated at Samla Race 2024 Awards Ceremony
Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region, was recognized for its role as the official insurance sponsor of the sixth edition of the Samla Race during the 2024 awards ceremony. Held on Tuesday at the Qatar National Convention Centre (QNCC), the event celebrated the champions, sponsors, and key contributors to the success of this prestigious national endurance competition.
As part of its ongoing commitment to corporate social responsibility (CSR) and the promotion of Qatar’s national sports agenda, QIC Group proudly supported the Samla race, aligning with its mission to foster athletic excellence and community engagement.
The awards ceremony was graced by the presence of several distinguished guests, including HE Minister of Sports and Youth Sheikh Hamad bin Khalifa bin Ahmed Al-Thani, HE Chairperson of Qatar Media Corporation Sheikh Hamad bin Thamer Al-Thani, and Mr. Azzam Al-Mannai, CEO of the Samla Race Organizing Committee. Other partners and participating champions also attended the event.
Accepting the award on behalf of QIC Group, Mr. Rashid Al-Buainain, Group Chief Administrative Officer, emphasized the company’s dedication to community impact: “For over six decades, Qatar Insurance Group has remained committed to its social responsibility. CSR is a cornerstone of our identity as a leading Qatari company, compelling us to actively support the country’s sports and cultural initiatives. This commitment reflects the holistic vision of Qatar’s leadership, particularly in achieving the human development goals outlined in Qatar National Vision 2030.”
He added, “We were honored to once again sponsor the Samla race, an event that highlights the remarkable physical and mental endurance of Qatar’s youth. This year’s race showcased extraordinary athleticism, resilience, and sportsmanship, inspiring all who witnessed it.”
QIC Group extends its heartfelt congratulations to the winners, participants, and organizers of the sixth Samla Race, commending their dedication to instilling values of courage, perseverance, and resilience among Qatari youth.
Qatar Insurance Group’s Annual Blood Donation Campaign: A Commitment to Community Well-being
Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has once again demonstrated its unwavering commitment to community service and public health by organizing its annual blood donation drive. The event was held at QIC’s headquarters in West Bay, Doha, in collaboration with Hamad Medical Corporation’s (HMC) blood donation center.
This year’s campaign, like its predecessors, highlighted the importance and lifesaving potential of blood donations. QIC employees enthusiastically participated, reinforcing the Group’s dedication to fostering a culture of philanthropy and social responsibility.
Rashid Al-Buainain, Group Chief Administrative Officer, remarked, “As the leading Qatari insurance company, we remain steadfast in our commitment to being responsible members of our society. We actively promote a corporate culture that encourages our staff to engage in meaningful philanthropic activities, resulting in tangible social impact. Blood donation is a simple yet profoundly significant way we can support one another. The consistent remarkable turnout and continued success of these drives underscores QIC’s role in supporting public health initiatives and enhancing community well-being.”
This blood drive marks the seventh annual campaign for QIC, aiming to bolster the national blood bank. It has become a cornerstone of the Group’s corporate social responsibility program, which addresses crucial issues such as access to education, health, sports, culture, and environmental sustainability.
Qatar Insurance Group hosts the “Little Employee Initiative,” a day of learning and fun for young visitors
Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region, successfully hosted the “Little Employee Initiative,” welcoming 58 staff children aged 7 to 15 to the workplace for a day filled with engaging and educational activities.
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.”
Qatar Insurance Group to Sponsor the 2024 Samla Race
Qatar Insurance Group (QIC Group), the leading insurer in Qatar and the MENA region, has announced the signing of an agreement with the Organizing Committee of the Samla Race to support the sixth edition of the national endurance competition “Samla 2024” , continuing its role in highlight Qatar and Doha as a global sports capital.
The agreement, signed on Wednesday, September 11 at Qatar Insurance Group’s headquarters in West Bay, was signed by Mr. Salem Al Mannai, Group CEO of QIC Group, and Mr. Azzam Al Mannai, CEO of the Organizing Committee of the Samla Race, designates Qatar Insurance as the official insurance sponsor of the event.
The race will take place from December 5 to 7 over a distance of 200 kilometers, featuring swimming, running, shooting, kayaking, and mountain biking. It is expected to see a record participation rate this year.
“This agreement reflects Qatar Insurance Group’s commitment to supporting the national sports scene. It aligns with our social responsibility and supports the country’s efforts to raise awareness of sports’ importance in the lives of individuals and communities. This is in line with the Qatar National Vision 2030 and in recognition of the significant impact of this distinguished event on Qatari society”, said Mr. Salem Al Mannai.
He added, “Samla is a challenging event that showcases endurance and determination, reflecting the resilience of Qatari youth. We look forward to strong competition, sportsmanship, and watching athletes overcome the challenges of Samla, serving as a source of inspiration and pride for Qataris and millions of followers in the region.”
Mr. Azzam expressed his gratitude and conveyed the significance of QIC Group’s sponsorship to the success of the race: “On behalf of the entire organizing committee and all the participants, I extend our deepest thanks to QIC for their steadfast support by being a sponsor of the Samla Race for the second consecutive year and for being an integral part of this journey. Together we will continue to make the Samla Race a beacon of sportsmanship, resilience, and community spirit.”
Qatar Insurance Group concludes another successful summer internship program
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has concluded its annual summer internship program with an award ceremony held on Thursday, August 29th. The event provided an opportunity to acknowledge students from different schools and academic institutions who took part of this year’s program.
This year, QIC’s Summer Internship Program which ran from June to August was meticulously designed to help interns discover which direction they would like to take their careers in the future. The paid internship offers qualified high school students a meaningful, career-oriented experience with world-class mentors who help guide them through their projects and will continue to support them even after the internship is finished.
This year, the interns were exposed to different aspects of the insurance business, such as underwriting, claims, risk management and customer service, and trained with departments such as human resources, information technology and legal. They also participated in various workshops where they learned from the experts and gained practical real world business experience. The program aimed to inspire the students to pursue a career in the insurance industry and to develop their skills in communication, teamwork, problem-solving, and innovation.
QIC Group Chief Administrative Officer Mr. Rashid Al-Buainain praised the interns for their enthusiasm and dedication, he said, “We are very proud of our summer internship program, a a yearly initiative that is part of our corporate social responsibility and our commitment to supporting the education and development of the youth in Qatar. We believe that the program offers a valuable opportunity for the students to discover the insurance industry and to enhance their skills and knowledge. We hope that the program will inspire them to join us in the future and to contribute to the growth and success of QIC and the country.”
A Great Place to Learn and Grow
Salem Ahmad Al Mansoori, an intern who participated in the program this year, reflecting on his journey and achievements, “I am very grateful for the opportunity to intern at QIC this summer. It was a challenging and rewarding experience that helped me develop my skills and knowledge in the insurance sector. I had the opportunity to assist with some projects within different teams. The best part of the internship was the mentorship and guidance I received from my managers.”
Khalid Ahmed Al-Sayed, said, “My internship at Qatar Insurance Company gave me a great insight into the insurance industry and the corporate world. As an intern, I learned about the business and the skills needed to succeed in it. I also learned how corporate social responsibility matters for addressing social challenges in areas such as education, environmental sustainability, and health. I’m excited to apply what I learned to my future studies and career.”