Qatar Insurance Company Named “Insurance Company of the Year” at The Asset Triple A Awards 2025
Introduction
Qatar Insurance Company (QIC), a leader in the insurance sector within Qatar and the broader MENA region, has recently been honored as the “Insurance Company of the Year in Qatar” at The Asset Triple A Private Capital Awards 2025. This accolade reinforces QIC’s reputation as a pivotal player in the insurance industry, showcasing its commitment to innovation and exceptional customer service.
Recognition and Acclaim
In its winners announcement, The Asset highlighted QIC’s consistent performance as a premier insurer across the Gulf Cooperation Council (GCC). The report emphasized QIC’s:
- Innovative practices
- Customer-centric approach
- Robust financial strength
These attributes have positioned QIC as a trendsetter in the competitive insurance landscape.
User-Friendly Digital Experience
QIC has made significant strides in digital transformation, boasting user-friendly platforms that facilitate:
- Seamless onboarding
- Efficient policy management
- Quick claims processing
The QIC App is particularly noteworthy for its forward-thinking product strategy, which seeks to create a digital ecosystem encompassing both insurance and ancillary services.
Leadership Statement
Mr. Salem Al Mannai, Group CEO of QIC, expressed pride in receiving this prestigious recognition. He stated, “This award is a testament to QIC’s success in delivering solid financial results and maintaining its digital leadership both locally and regionally.” He further emphasized the importance of every QIC team member’s dedication to driving innovation in the insurance sector.
QIC’s Financial Performance
In the first half of 2025, QIC achieved impressive financial results, recording a net profit of QAR 383 million, reflecting a 6% increase compared to the previous year. This success underlines QIC’s commitment to providing customer-focused solutions.
Innovation in Insurance Products
2025 has been a landmark year for QIC, marked by the introduction of groundbreaking products:
- Qatar’s first personal Cyber Insurance
- Pioneering School Fees Protection Insurance
These innovations exemplify QIC’s dedication to addressing the evolving needs of its customers.
Enhancements to the QIC App
The QIC App has undergone continuous advancements, now featuring:
- Car Market: A tool allowing potential car buyers to find vehicles from trusted sellers.
- Non-insurance services: These include car repair and detailing options, enhancing user convenience.
- Loyalty Program: QIC’s new “Coins” program allows customers to earn and redeem points for rewards.
About The Asset Awards
The Asset is a reputable business news and research organization known for independent coverage of Asia’s financial sector. Since its inception in 1999, it has delivered critical insights tailored to corporate leaders and financial decision-makers. The Asset Triple A Awards, recognized as one of the most prestigious in the financial sector, have established a benchmark for excellence over the past 25 years, celebrated for their rigorous judging process.
Conclusion
Qatar Insurance Company’s recognition as “Insurance Company of the Year” reflects its unwavering commitment to innovation, customer service, and operational excellence. With a strong financial performance and continued advancements in digital solutions, QIC is set to remain the insurer of choice for customers across Qatar and beyond.
For more information about QIC and its offerings, please visit qic.online. To download the QIC App, visit app.qic.online.
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