Doha: 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 distinction comes in recognition of QIC’s outstanding performance in 2022 in digitizing products and services, in addition to reaching record levels of customer reliance on online channels to meet their insurance needs instantly, at distance and in a few clicks.
This prestigious award also reflects the company’s success in reshaping online insurance locally and regionally with the introduction of innovative, first-to-market online insurance solutions that best meet the needs customers in Qatar and beyond, namely the launch of qic.online as the fastest and most comprehensive online platform for buying and renewing insurance policies.
Developed with an innovative customer-centric approach, qic.online enables customers to purchase or renew their auto, motorcycle, travel, home contents, boat and yacht, and personal accident insurance in just 2 minutes. It also offers instant insurance coverage comparison, allowing customers to get detailed information on policy types, in addition to product recommendations to help them better identify the right insurance coverages that meet their needs. .
Commenting on the award, Salem Al Mannai, CEO of QIC Group, said, “Our recognition as the Middle East’s Best Online Insurance Company in 2022 is one that the entire QIC team is proud of. This is a strong testament to our success in reshaping digital insurance in the region by providing our customers with the fastest, most convenient and secure online solutions to meet their insurance needs.
Al Mannai added, “QIC’s digital acceleration program in 2022 was one of the industry’s most ambitious programs in the region. Through our commitment to innovation, we look forward to introducing further digital solutions that will make our customers’ insurance experience in Qatar and the region easier, better and more convenient at all times and from n anywhere in the world.
The Global Banking & Finance Review is a leading financial magazine headquartered in London. It provides in-depth financial industry information and insights to readers in over 200 countries, including presidents, CEOs, CFOs, financial institution decision makers, and people interested in financial markets and current affairs. Established in 2011, the Global Banking & Finance Review Awards have continued to reflect the inspirational innovation, achievement, strategy and change taking place within the global financial community.
The awards recognize companies of all sizes that stand out in particular areas of expertise and excellence in the world of finance.
Qatar Insurance Company (QIC) is a publicly traded composite insurer with a consistent performance track record of over 50 years and a global underwriting footprint. Founded in 1964, QIC was the first national 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 an A/Stable rating from Standard & Poor’s and A (Excellent) from AM Best. QIC is also the first and best digital insurance company in Qatar and the largest insurance company in the MENA region in terms of gross written premiums, profitability and total assets. It is listed on the Qatar Stock Exchange and has a market cap of over QR 7.8 billion.