QIC renews its commitment to national vision

Qatar Insurance (QIC), the leading insurer in Qatar and the Middle East and North Arica (Mena) region, celebrated Qatar National Day by renewing its commitment towards the realisation of the Qatar National Vision (QNV) 2030.To celebrate the spirit of the glorious day, QIC staff donned white and Anabi colours of the Qatari national flag.“On this special day, we express our gratitude to His Highness the Amir Sheikh Tamim bin Hamad al-Thani for his wise leadership and his guidance. We reflect on our glorious past and map the journey that QIC has accomplished over the past 54 years alongside the growth and development of the nation,” Khalifa Abdulla Turki al-Subaey, Qatar Insurance Group president and chief executive, said.As the leading insurer of Qatar and the Mena region, QIC Group takes pride in its Qatari heritage and continues to play a vital role in fostering the insurance sector of Qatar and in contributing to Qatar’s prosperity, he said.Founded in 1964, QIC was the first domestic insurance company in Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and Mena region. QIC is one of the highest rated insurers in the Gulf region with ‘A/Stable’ rating from Standard and Poor’s and ‘A (Excellent)’ from A M Best.In terms of profitability and market capitalisation, QIC is also the largest insurance company in the Mena region. It is listed on the Qatar Stock Exchange and has a market capitalisation of over $4bn.