QIC Named Best General Insurance Company in Qatar
Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has been named “Best General Insurance Company in Qatar” at the World Finance Awards 2025.
This prestigious recognition highlights QIC’s contributions to the development of the national insurance landscape by providing solutions that effectively respond to the evolving needs of individuals in Qatar, empowering everyone to live with peace of mind. Winning this accolade for the third consecutive year also reflects QIC’s ability to cement its leadership position, being a symbol of digital innovation, service excellence, and strong financial performance at both local and regional levels.
Commenting on this achievement, Mr. Salem Al Mannai, Group CEO of QIC, said: “We are proud to be recognized once again as Qatar’s Best General Insurance Company, which reaffirms the uniqueness of our vision and the success of our strategy. 2025 has been a year of innovation par excellence for us at QIC, during which we launched several market-first solutions, including Qatar’s first Personal Cyber Insurance and School Fees Insurance. These products were a unique addition to our personal lines portfolio and have allowed everyone in the country to benefit, for the first time, from solid financial protections that cover many aspects of their lives, from domestic living to education and online transactions.”
Al Mannai added: “This year, we achieved a major breakthrough in digital services, becoming the only insurer to offer customers seamless access to both insurance and non-insurance services through a single platform, the QIC App. Thanks to our ongoing investments in enhancing and expanding the app, our customers can now effortlessly address a wide range of daily needs, from all types of insurance to vehicle care, car buying and selling, events, and loyalty rewards, without any need to switch between multiple platforms.”
The World Finance Awards are among the most prestigious programs in the global financial industry. Each year, the program honors institutions and leaders who are reshaping the financial landscape and driving innovation across sectors including banking, insurance, investment management, and wealth management.
QIC Convenes Global Executive Leadership Meeting 2025 to Strengthen Groupwide Alignment and Strategic Direction
Qatar Insurance (QIC) held its Global Executive Leadership Meeting 2025 in Doha, bringing together CEOs and senior leaders from across the Group’s regional and international entities — including QIC UAE, QIC Oman, QIC Kuwait, QIC DFIC, Antares Re, Antares Global, QIC DVP, the QIC Digital Hub, QIC R, and QIC Asset Management.
The high-level meeting served as a strategic platform to reinforce unified leadership, align on Group priorities, and accelerate collective efforts across markets.
Participants discussed QIC’s long-term strategy, with a strong focus on cross-regional coordination, enterprise-wide transformation, and strengthening the Group’s competitive position globally. Leaders reaffirmed their commitment to driving sustainable, innovation-led growth, emphasizing the importance of data, advanced technologies, and enhanced operational agility to meet evolving client expectations.
Amid a rapidly transforming global insurance landscape—defined by shifting customer needs, intensifying competition, and heightened regulatory and environmental pressures—the meeting provided an essential forum for reviewing emerging risks and uncovering new opportunities. Leaders reviewed progress in innovation-driven underwriting, digital advancement initiatives, sustainable investment practices, and preparedness for regulatory developments across all QIC markets.
Executives from each regional and global entity shared insights on market trends, performance outlooks, and growth opportunities. Strategic teams highlighted pathways for expansion, potential regional partnerships, and new client engagement models, reinforcing QIC’s commitment to strengthening its global footprint and delivering differentiated value.
Commenting on the meeting, Mr. Salem Khalaf Al Mannai, QIC Group CEO, said:
“This gathering reflects our commitment to unified leadership and strategic clarity across all markets. As we navigate an increasingly complex global environment, alignment is not just beneficial — it is essential. By strengthening collaboration, investing in technology, and advancing sustainable growth, we are positioning QIC to lead the industry with purpose, resilience, and innovation. Our focus remains on delivering exceptional value to our customers, shareholders, and partners while contributing to the long-term economic vision of Qatar.”
The outcomes of the meeting are expected to enhance alignment and accelerate decision-making across subsidiaries, while strengthening communication channels and embedding a deeper culture of accountability and shared purpose. These discussions further solidify QIC’s unified leadership approach and readiness to navigate an increasingly complex and competitive industry.
By fostering stronger internal cohesion, promoting cross-market collaboration, and advancing investments in technology and sustainable growth, QIC continues to reinforce its position as the leading insurance and reinsurance powerhouse headquartered in Qatar. As the Group enters its next phase of development, it remains fully committed to delivering innovative solutions, supporting economic resilience, and contributing to the long-term vision of a diversified and globally connected economy.
QIC App Launches New “Events” Feature to Enhance User Experience
Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has introduced the new “Events” feature on QIC App, in line with the company’s vision to redefine Qatar’s digital services landscape through constantly upgrading customer journeys on one of the country’s fastest-growing platforms.
The new feature allows users to stay up to date with the latest events in Qatar, offering an integrated browsing experience that eliminates the need to switch between multiple apps and platforms to discover local happenings. QIC App’s Events feature provides a constantly updated selection of entertainment, sports, cultural, artistic, and recreational activities suitable for all ages and preferences, while enabling users to instantly book their tickets via trusted partners. The feature is expected to be further enhanced in the coming weeks to include overseas events, particularly in popular destinations among Qatar-based travelers. This will enable users to enjoy a seamless digital journey in discovering and booking their next events while traveling, making their trips more enjoyable and worry-free.
Commenting on the new service, Mr. Ahmed Al Jarboey, QIC Chief Operating Officer – Qatar Operations, said: “The introduction of this new feature aligns with our strategy to build the region’s first insurance-powered digital ecosystem, allowing customers to conveniently access their everyday services through a single interface. What sets this function apart is its ability to address a broader range of daily needs for individuals and families. In addition to services related to cars, travel, and lifestyle, our app has now become a reliable go-to platform for those seeking seamless access to their favorite events throughout the year.”
Al Jarboey added: “We are proud to see QIC App being one of the fastest-growing platforms in Qatar and the only one that combines insurance and non-insurance services. Our flagship digital channel has also contributed to enhancing insurance inclusion in Qatar, making it easier for a wider segment of society to effortlessly access the best coverage solutions. As a result, more people in the country are now empowered to live with greater confidence and peace of mind, insured by QIC. This keeps us committed to continuously enhancing QIC App with innovative features, including AI-powered ones, and delivering the best digital experiences for our customers and partners at both local and regional levels.”
QIC App’s innovation and impact have been recognized with multiple prestigious accolades, including the “Innovators Award” by Global Finance Magazine in 2025. It was also named “Most Innovative Mobile App in Qatar” at the Middle East Technology Excellence Awards 2025, “Best Insurance App in Qatar” at the Global Brands Magazine Awards 2025, and “Mobile App of the Year in Qatar” at the Insurance Asia Awards 2024. These awards highlight the app’s success in earning users’ trust and loyalty, reshaping Qatar’s mobile landscape through innovative solutions. Thanks to this trust and loyalty, QIC App is now one of the highest-rated financial services platforms in the country, with a 4.9 rating across App Store and Google Play.
To download QIC App, visit app.qic.online. For more information about QIC, visit qic.online.
QIC and EDPR sign exclusivity agreement on Queensland solar and storage project
Global renewable energy leader EDP, through EDP Renewables Australia (EDPR Australia), will partner with QIC to deliver its first Australian project after signing an exclusivity agreement on the Punchs Creek Renewable Energy Project in Queensland’s Toowoomba region.
The agreement marks a significant step toward a potential long-term partnership between QIC and EDP to accelerate the development and investment of large-scale renewable energy projects across Australia.
Punchs Creek, is a 480MW solar farm co-located with a 400 MW / 1,600 MWh battery energy storage system (BESS) targeted for financial close in early 2026.
Expected to benefit from a long-tenured offtake contract, the project offers the potential for stable revenue streams while providing a substantial contribution to Queensland’s renewable generation capacity.
QIC Head of Global Infrastructure Ross Israel said Australia’s energy transition required partnerships of complementary capabilities to accelerate the deployment of renewables and storage infrastructure at scale.
We have long recognised that collaboration between institutional investors, infrastructure managers and developers is central to realising opportunities across the energy value chain.
Ross Israel – QIC Head of Global Infrastructure
“While EDPR has an operational footprint spanning four continents, Punchs Creek marks their first Australian project as part of a pipeline of solar and battery storage opportunities.
“QIC is pleased to support bringing their global development capabilities to Queensland and see significant merit in combining EDPR’s technical excellence with QIC’s deep local market knowledge.
“This pairing provides a strong platform to deliver new solar and battery storage at scale and speed, demonstrating both the attractiveness of Queensland as an investment destination and QIC as a trusted local partner.”
QIC Infrastructure Partner Patrick Mulholland, who leads QIC Infrastructure’s Australian energy sector strategy, said the Punchs Creek project complemented QIC’s existing portfolio of energy transition assets and pipeline of further significant energy transition infrastructure investment.
Having increased our majority ownership of Tilt Renewables this week, QIC is positioned to capitalise on the growth potential of Australia’s largest portfolio of operating wind assets.
Patrick Mulholland – QIC Infrastructure Partner
“With a focus on solar and battery storage projects, the partnership we are building with EDPR perfectly complements Tilt’s wind-focused strategy. It provides the option for EDPR, Tilt and QIC to explore the possibilities of developing a market leading combination.
“We are excited to unite local and global expertise to accelerate Australia’s shift to clean energy and deliver long-term value for our investors.”
EDP Renewables APAC CEO Miguel Fonseca said this strategic step builds on EDPR’s recent momentum in the Australian market.
“EDPR views Queensland and Australia as key markets with strong fundamentals for renewables and is focusing on scaling hybrid projects, with the aim of deploying material capacity by 2030 as part of a longer-term pipeline of about 4GW,” Mr Fonesca said.
“As a leading Australian infrastructure manager with more than a decade investing in the energy transition, QIC brings everything we look for in a local partner to unlock these projects and explore further opportunities.”
Both parties are currently negotiating the transaction documents related to this joint investment.
Demonstrating QIC’s ability to accelerate the delivery of new energy projects in Queensland, the partnership follows QIC’s appointment to lead an investor gateway designed to connect investors and developers with opportunities on priority energy projects under the Queensland Government’s Energy Roadmap.
QIC Reaffirms Commitment to Community Health Following Cancer Awareness Initiatives with Qatar Cancer Society
Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has reaffirmed its commitment to community health and wellbeing through a series of impactful initiatives conducted in collaboration with the Qatar Cancer Society (QCS) during the month of October.
As part of Breast Cancer Awareness Month, QIC organized a Breast & Cervical Cancer Awareness event on 16 October, held under the theme “In Support of Pink October.” Conducted in partnership with QCS, the session featured a certified health educator who shared vital insights on risk factors, symptoms, and the importance of early detection. A clinical dietitian also led a healthy cooking session, offering practical nutrition and lifestyle guidance to reduce cancer risk.
More than 50 female employees from across QIC attended the event, wearing pink in solidarity and engaging in open conversations about women’s health and preventive care.
In addition, QIC proudly served as the insurance sponsor of Qatar Cancer Society’s “Relay for Life 2025”, a major community event dedicated to honoring cancer survivors, remembering those lost, and inspiring collective action in the fight against cancer. The event, held on 24 October at Aspire Park – IAAF Indoor Track, brought together individuals, families, and organizations for a four-hour walk symbolizing hope, resilience, and unity. The initiative emphasized the importance of physical activity, early detection, and community support in reducing the impact of cancer.
Mr. Rashid Al-Buainain, QIC Group Chief Administrative Officer, stated:
“At QIC, we believe that promoting health and wellbeing is an essential part of our social responsibility. Partnering with the Qatar Cancer Society through initiatives like Pink October and Relay for Life allows us to support both individual empowerment and community-wide action in the fight against cancer. These efforts reflect our commitment to fostering a healthier and more informed society.”
One of the participating employees shared:
“The sessions were both educational and inspiring. They reminded us how awareness and small lifestyle changes can make a powerful difference. Seeing so many colleagues come together for this cause was truly uplifting.”
Through its ongoing collaboration with QCS, QIC continues to advance its holistic approach to corporate social responsibility, with a focus on education, health, environment, and community development in alignment with the Qatar National Vision 2030. By supporting initiatives that promote awareness, prevention, and collective wellbeing, QIC reaffirms its dedication to building a stronger, healthier future for all.
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.
QIC Crowned “Insurance Company of the Year in Qatar”
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned “Insurance Company of the Year in Qatar” at The Asset Triple A Private Capital Awards 2025.
The Asset’s winners announcement report praised QIC’s consistent ability to stand out as a leading insurer across the GCC, driven by its innovation, customer-first approach, and financial strength. The report also highlighted QIC’s user-friendly digital platforms, seamless onboarding, efficient policy management, and swift claims processing, as well as its forward-thinking product strategy and ongoing efforts to build the region’s first insurance-powered digital ecosystem, offering both insurance and non-insurance services through QIC App.
Commenting on this achievement, Mr. Salem Al Mannai, Group CEO of QIC, said: “We are proud to be crowned with this prestigious accolade and to have our strategic vision and operational excellence recognized by The Asset. This award is a true testament to QIC’s success in delivering strong financial results, maintaining its leadership in the digital landscape both locally and regionally, and upholding the highest ESG practices. All of these accomplishments have been made possible thanks to the dedication of every QIC employee and our team’s commitment to exploring new frontiers of innovation and shaping the future of insurance across the MENA region. QIC will always remain devoted to providing the best for our customers and partners. We will continue to design and deliver innovative solutions that meet their evolving needs, ensuring that we remain the insurer of choice for everyone seeking truly customer-centric experiences, reliable financial protection and complete peace of mind.”
The Asset is a widely recognized business news and research organization, delivering independent coverage of Asia’s financial industry. Since its launch in 1999, it has provided essential news, analysis, and insights tailored to a distinct community of corporate leaders and financial decision-makers across the continent and around the world. Recognized as one of the most esteemed awards programs in the financial sector, The Asset Triple A Awards have, for more than 25 years, set the benchmark for excellence and leadership, and are also renowned for their strict and meticulous judging process in selecting winners across all categories.
During the first half of 2025, QIC delivered strong financial results, recording a net profit of QAR 383 million, a growth of 6% compared to the same period in 2024. As part of its commitment to providing customer-focused solutions, QIC launched several new products in 2025, including Qatar’s first-ever personal Cyber Insurance, and the country’s pioneering School Fees Protection insurance.
QIC App has seen continuous enhancements over the past few months, including the introduction of the Car Market feature, offering prospective car buyers better and more efficient ways to find their dream vehicles from trusted sellers. In addition, the app has introduced further non-insurance features for the convenience of users, including car-related services such as car repair and detailing, and much more. In a pioneering step to transform everyday insurance into truly rewarding experiences, QIC launched its “Coins” loyalty program, allowing customers to earn and redeem points throughout their journey with the company’s web and mobile platforms.
QIC Launches School Fees Protection Insurance
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced the launch of Qatar’s first-ever School Fees Protection Insurance, a pioneering solution designed to safeguard families and ensure uninterrupted education for children across the country.
With this innovative product, QIC once again reaffirms its leadership in delivering cutting-edge insurance solutions that anticipate the evolving needs of society, while supporting Qatar’s vision of building a resilient and inclusive economy.
Commenting on the launch, Mr. Salem Al Mannai, Group CEO of QIC, said:
“Education is the cornerstone of every nation’s progress, and at QIC, we recognize the profound responsibility parents feel in securing their children’s future. Our School Fees Protection Insurance is not just about covering financial risk—it is about protecting dreams, ambitions, and the stability of families. By ensuring that no child’s education is interrupted due to unforeseen challenges, we are reinforcing the values of security, resilience, and opportunity that are central to Qatar’s growth story.”
He continued:
“Launching innovative insurance products locally is a strategic step to enhance Qatar’s position as a leading financial hub in the region. It contributes to reducing reliance on external markets, transferring knowledge, creating new job opportunities, and building national capabilities capable of leading the future. This comes in line with the Third Financial Sector Strategic Plan launched by the Qatar Central Bank in 2023, which aims to build an advanced financial and capital market that leads the region in innovation, efficiency, and investor protection, thereby enabling Qatar to unlock its full economic potential in accordance with Qatar National Vision 2030. As a national leader, our role is to be a partner in economic and social development, and a guardian of family stability in the face of change.”
Al Mannai concluded with a forward-looking message:
“For parents, this policy offers peace of mind. For students, it ensures stability and the confidence to pursue academic excellence. For Qatar as a whole, it is a step towards reinforcing our reputation as a nation that puts people at the heart of progress. As we begin a new academic season, I wish all students success and assure parents that QIC will always be a trusted partner in safeguarding their future.”
QIC’s School Fees Protection Insurance provides families with comprehensive financial support in the event of unforeseen circumstances such as involuntary loss of employment, permanent disability, or accidental death. Coverage also includes cases where a child cannot continue their studies due to health issues or accidents, as well as reimbursement of prepaid examination fees if a student is unable to attend due to illness, hospitalization, or the accidental death of a close relative.
All benefits are paid directly to the school, ensuring a seamless continuation of education without disruption to the student’s academic journey.
Customers can easily obtain this product through the qic.online portal, which provides a smooth and convenient experience, or by visiting any of Qatar Insurance Company’s branches across the country, in addition to its direct availability in selected schools.
Looking ahead, QIC remains committed to expanding its portfolio of innovative solutions tailored to the evolving needs of the market. This follows the recent launch of Qatar Insurance Company’s pioneering Personal Cyber Insurance — the first of its kind in Qatar — designed to protect individuals against a wide range of cyber risks, from online shopping to the use of connected devices, ensuring they can navigate their digital lives with greater confidence. Building on this momentum, the company plans to introduce a range of new products in the near future, including Bill Protect, Job Loss Insurance, and Gadget Insurance, further strengthening its role as the trusted partner in protecting what matters most to individuals and families in Qatar.
Through this launch, QIC not only strengthens its legacy as a pioneer in the insurance sector but also contributes to Qatar’s broader vision of building a knowledge-based economy where education remains an uninterrupted right for every child.
QIC Provides Complete Solutions for Vehicle Registration Requirements
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced seamless car insurance journeys to help motorists effortlessly comply with the mandatory insurance requirements needed to renew their vehicle registrations.
Through its car insurance outlets at the Vehicle Technical Inspection Centers (Fahes) in Al Mazrouah, Wadi Al Banat, Al Wakra, Al Wukair, Shahaniya, Mesaimeer, and Al Egda, QIC now enables drivers to obtain their car insurance policies on the spot after passing the inspection, without any need to visit distant offices to complete this mandatory requirement for vehicle registration. Alternatively, motorists can get their insurance coverage digitally in just 2 minutes via QIC App or qic.online.
To help drivers better understand the regulations related to registering their vehicles with expired licenses, QIC has published a series of simplified guides on its insurance literacy platform, QIC Reads. These include step-by-step instructions for renewing vehicle registrations, tips for successfully passing the technical inspection, guidance on checking traffic violations, and advice on selecting the insurance coverage best suited to each driver’s needs.
Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer – Qatar Operations, said: “At QIC, we are dedicated to responding promptly to our clients’ needs and delivering innovative solutions that allow them to drive with confidence and peace of mind. In line with this commitment, we have intensified our efforts to raise community awareness about the importance of complying with legal requirements for driving in Qatar, including the timely renewal of vehicle registrations, for which obtaining the appropriate insurance is a key step. We have also mobilized our branches and digital platforms to make our products more accessible to a broader range of customers. As the most trusted insurer and partner of choice for motorists in Qatar with over 60 years of excellence in serving the community, QIC remains proud to provide comprehensive financial protection for all road users.”
In addition to standard third-party liability and comprehensive coverage, QIC offers enhanced add-ons that provide extra financial protection. These include guaranteed repairs at authorized workshops, new spare parts at no additional cost, and temporary replacement vehicles while repairs are being completed. Coverage can also be extended to include the insured vehicle, driver, and passengers in the UAE, Kuwait, and Oman, as well as accidents on desert roads, sand dunes, and unpaved areas. To make comprehensive insurance accessible for everyone, QIC offers flexible payment options, including a 12-month installment plan at no extra cost. QIC customers also enjoy a range of car-related services through QIC App, offering convenience beyond insurance. These include vehicle repairs and detailing, home car wash, car rental, a car marketplace and more.
QIC Wins Customer Experience Initiative of the Year Title at Insurance Asia Awards
Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been awarded the “Customer Experience Initiative of the Year in Qatar” title at the 2025 Insurance Asia Awards. The accolade was announced during the program’s annual awards ceremony held last week in Singapore, attended by representatives from leading insurers across the continent.
This prestigious recognition underscores QIC’s success in delivering a seamless and innovative customer journey through its QIC App, the company’s flagship platform. Designed to cover the daily digital needs of everyone in Qatar, the app has significantly simplified users’ experiences, enabling them to instantly understand their coverage needs, purchase policies in just a few clicks, and conveniently access a suite of non-insurance services related to everyday life.
Commenting on the award, Mr. Salem Al Mannai, Group CEO of QIC, said: “We are honored to be recognized once again by one of the most respected insurance award programs in Asia, and to see our solutions acknowledged by a panel of renowned industry experts. This achievement affirms the strength of QIC’s digital strategy, and our ongoing commitment to enhancing the customer journey with cutting-edge, user-centric solutions. Our investment in digital innovation over the past few years has allowed us to consistently deliver better access to the best coverage for everyone in Qatar, and we look forward to building on this momentum and setting new benchmarks for digital excellence at local and regional levels.”
QIC App is the first and only platform of its kind in Qatar, offering integrated insurance and non-insurance features through a single interface. Whether it’s purchasing or managing policies, paying installments, or submitting and tracking claims, the app offers a comprehensive digital ecosystem for all insurance needs. QIC App also includes value-added solutions such as a car marketplace, car rentals, repair and detailing services, and other features designed to enhance convenience and peace of mind for customers across the country.
Insurance Asia Magazine is a biannual publication based in Singapore, providing in-depth insights into the Asian insurance sector through news, interviews, and expert analysis. The magazine’s Insurance Asia Awards is one of the most prestigious award programs continent-wide, recognizing insurers that have achieved outstanding milestones, introduced innovations, and set new industry benchmarks.