At The Global Banking & Finance Review Awards 2022

The prestigious award reflects the company’s success in reshaping online insurance at both local and regional levels with the introduction of innovative market-first online insurance solutions

Doha, Qatar - 9 October 2022: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned Best Online Insurance Company in The Middle East at the Global Banking & Finance Review Awards 2022.

This outstanding accolade comes in recognition of QIC’s exceptional performance in 2022 at the levels of products and services digitization, in addition to reaching record levels of customers’ reliance on online channels to fulfill their insurance needs instantly, remotely and in just a few clicks.

The prestigious award also reflects the company’s success in reshaping online insurance at both local and regional levels with the introduction of innovative market-first online insurance solutions that best respond to the needs of customers in Qatar and beyond, namely the launch qic.online as the fastest and most comprehensive online platform to buy and renew insurance policies.

Developed with an innovative customer-centric approach, qic.online allows customers to buy or renew their car, motorcycle, travel, home contents, boat & yacht, and personal accident insurances in just 2 minutes. It also offers instant insurance covers comparison, allowing customers to get detailed information on policy types, in addition to product recommendation to help them better identify the right insurance covers that suit their needs.

Commenting on the award, Mr. Salem Al Mannai, QIC Group’s Chief Executive Officer, said: “Our recognition as the Middle East’s best online insurance company in 2022 is an acknowledgement the entire QIC team is proud of. It’s a strong testament to our success in reshaping digital insurance in the region through offering our customers the fastest, most convenient and secure online solutions to fulfill their insurance needs.”

Al Mannai added: “QIC’s digital acceleration program in 2022 was one of the industry’s most ambitious programs across the region. Thanks to our commitment to innovation, we are looking forward to introducing further digital solutions that will make the insurance experience of our customers in Qatar and the region easier, better and more convenient at all times and from anywhere in the world.”

The Global Banking & Finance Review is a leading financial magazine headquartered in London. It provides in-depth insights and information within the financial sector to readers in over 200 countries, including presidents, CEOs, CFOs, decision makers of financial institutions and individuals interested in financial markets and news. Incepted in 2011, The Global Banking & Finance Review Awards have continued to reflect the innovation, achievements, strategies, and inspirational changes taking place within the global financial community. The awards recognize companies of all sizes which are prominent in particular areas of expertise and excellence within the world of finance.

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 regions. 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. QIC is also the first & best digital insurance company in Qatar and the largest insurance company in the MENA region by gross written premium, profitability and total assets. It is listed on the Qatar Stock Exchange and has a market capitalization in excess of QAR 7.8 billion. 

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