QIC named ‘Domestic General Insurer’ & ‘Auto Insurance Initiative’ of The Year in Qatar

Tribune news networkDohaQatar Insurance Company (QIC), the largest insurance company in the MENA region, has received the "Domestic General Insurer of The Year” & "Auto Insurance Initiative of The Year” in Qatar awards at Insurance Asia Awards 2022, the company announced in a statment Monday.QIC’s newest recognition reflects the company’s success in leading the change of general insurance in Qatar through introducing innovative products and services that best respond to the needs of customers in Qatar over the past 12 months. The two prestigious accolades also reflect QIC’s excellence in enhancing its digital insurance offerings, namely with the launch of an all-new version of its insurance online portal (qic.online), offering the fastest digital solution to buy and renew insurance policies in Qatar.Developed with an innovative customer-centric approach, the all-inclusive online portal has allowed customers in Qatar for the first time to buy their car, motorcycle, travel, home contents, boat & yacht, and personal accident policies in just 2 minutes, without any need to scan and submit paperwork, or to call or visit a QIC branch to complete the onboarding journey.For motor customers, qic.online offers instant car insurance covers comparison, allowing them to get complete information on policy types, in addition to product recommendation to help them better identify the right insurance covers that suit their driving needs. The portal also allows drivers to compare policy prices and select their preferred payment plans, including paying their insurance premiums in monthly installments.Commenting on this recognition, Ahmed al Jarboey, QIC’s Chief Operating Officer - Qatar operations, said: "QIC’s recognition with the ‘Domestic General Insurer of The Year’ & ‘Auto Insurance Initiative of The Year’ in Qatar is another strong testament to our success in taking the insurance industry in Qatar to another level through innovation and customer centricity. We are proud that our innovative solutions continue to be the preferred ones by local customers, and recognized by industry experts at local, regional, and global levels.”Jarboey added: "Thanks to our dedication to innovation and our relentless investments in the digitization of our products and services, we have cemented our position as the insurer of choice in Qatar and beyond, and we will continue designing and introducing further solutions that will allow our customers to have the best insurance experiences.”Insurance Asia Magazine is a biannual publication headquartered in Singapore and specialized in insurance and its related industries. The magazine provides in-depth coverage of major debates in the industry across East, Southeast, South and Western Asia, with a diversified outlook on the key insurance trends through news, interviews and analytical reports to an audience of senior insurance professionals and decision makers in Asia and beyond.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 capitalisation in excess of QR7.8 billion.