Latest news with #QIC
Qatar Tribune
3 days ago
- Business
- Qatar Tribune
QIC recognised at Google Cloud Summit Doha
Tribune News Network Doha Qatar Insurance Groupwas recognized at the Google Cloud Summit Doha 2025 for driving innovation in the financial industry. This recognition marks a significant milestone in QIC's strategic journey to revolutionize insurance through advanced technologies and global partnerships. The summit, held at the Qatar National Convention Centre, brought together over 1,500 attendees, including Google Cloud partners, government leaders, enterprise customers, and technology innovators. The event focused on the latest breakthroughs in artificial intelligence, data, cloud computing, and cybersecurity. QIC's recognition highlighted its bold adoption of cloud-native technologies and AI-driven solutions, as well as its role as a thought leader shaping the future of the industry. Notably, QIC organized and hosted the annual fourth edition of the MENA Insurtech Summit and the inaugural MENA Fintech Summit earlier this year in Doha. These events brought together global experts, regulators, investors and startups to accelerate innovation, regulation, and investment in digital insurance and financial services. During the Google Cloud Summit 2025, QIC Group CEO Salem Al Mannai held high-level meetings with senior Google Cloud executives, includingAnthony Cirot - Vice President, EMEA South, Ghassan Kosta - Regional General Manager, and Basel Haddadin - Regional Sales Manager. The discussions focused on ongoing digital transformation projects and expanding collaborative opportunities in areas such as AI-powered customer experience, real-time data analytics, operational automation, and next-generation cloud security. Reflecting on the recognition,Salem Al Mannai said, 'At Qatar Insurance Group, we are reimagining insurance for the digital age by embedding advanced cloud infrastructure, AI, and data intelligence into every layer of our business. Our partnership with Google Cloud is a cornerstone of this journey, enabling us to deliver secure, scalable, and customer-centric solutions. This recognition at the Google Cloud Summit affirms our strategic commitment not only to digital excellence, but to leading the transformation of the financial sector across our region.' He added, 'Initiatives like the Google Cloud Summit are necessary platforms for open collaboration where ideas, capital, and technology come together to accelerate meaningful change. We are proud to contribute to these conversations and to help shape a resilient, digital-first future for insurance and finance in the MENA region.' QIC's participation in the Google Cloud Summit reinforced its position as a regional innovation leader, committed to evolving the insurance model through bold technological investments and cross-sector collaboration. As the industry continues to face new challenges and opportunities, Qatar Insurance Group remains focused on building a smarter, more agile, and future-ready financial ecosystem, both within Qatar and beyond. 'What we are accomplishing today through digital transformation and investment in innovation reflects our deep belief in Qatar National Vision 2030, which places knowledge and technology-based economic diversification at its core. The vision encourages impactful partnerships between the public and private sectors and at Qatar Insurance Group, we are committed to being a key pillar in this comprehensive national transformation,' concludedAl Mannai.
Khaleej Times
3 days ago
- Business
- Khaleej Times
Qatar Insurance Company: A legacy of excellence and innovation
Qatar Insurance Company (QIC, QIC Group) is a publicly listed insurer with a consistent performance history spanning over 60 years and a global underwriting footprint. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC stands as the market leader in Qatar and a dominant insurer in the GCC and Mena regions. As one of the largest insurance companies in the Mena region in terms of written premium and total assets, QIC is listed on the Qatar Stock Exchange with a market capitalisation exceeding QR7 billion. In 1968, just four years after its inception, QIC expanded its operations to the UAE, establishing a branch fuelled by optimism and a long-term vision. Our modest operations, initially based in Deira (Dubai) and Abu Dhabi, have grown steadily over the past 57 years. Today, QIC is a prominent insurer in the UAE, offering comprehensive risk solutions across Property, Casualty, Engineering, Marine, Motor, and Health Insurance segments. Over the past six decades, we have built extensive knowledge and expertise to provide effective risk transfer solutions for our clients. We have faced and overcome numerous challenges, including the severe floods in the UAE in 2024, where we were at the forefront of delivering on our promises and proving our resilience. In this interconnected world, QIC is guided by the vision set by our board of directors and led by Salem Khalaf Al Mannai. Under his dynamic leadership, QIC Group has achieved numerous milestones and received prestigious awards and recognitions. QIC UAE operates under the vigilant oversight of the Central Bank of UAE, which celebrated its golden jubilee this year. The regulator is dedicated to ensuring the protection of the insuring public's interests, and QIC is fully aligned with this philosophy. We are proud to hold an A- (Excellent) credit rating from AM Best Europe and an A- rating from Standard & Poor's. Recognising that risk is an inherent aspect of any significant endeavour, QIC is well-positioned to serve the public with innovative and competitive solutions.
Zawya
28-05-2025
- Business
- Zawya
Qatar: QIC launches new personal cyber insurance coverage
Doha, Qatar: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has introduced its new personal cyber insurance, an innovative coverage designed to protect individuals from cyber risks, ensuring they can navigate their digital lives with extra confidence. QIC's new personal cyber insurance is the first in Qatar to offer individuals a comprehensive financial protection against the cyber risks of daily online life, including those occurring while shopping online and using connected devices. With a QIC personal cyber insurance policy in hand, individuals in Qatar can now fulfill their digital needs worry-free knowing they are protected against financial losses from cyberattacks, online shopping fraud, credit card fraud, phishing scams, cyber extortion threats, identity theft, and cyber damage to their connected devices and wearables. In the event of a covered cyberattack, the insured person will benefit from financial support to restore or retrieve their digital systems and data. The policy also covers theft of funds, and ransom payments in the case of cyber extortion, ensuring that customers have the backing they need to recover without bearing the financial burden alone. Commenting on the new product, Salem Al Mannai (pictured), Group Chief Executive Officer, said: 'Qatar is one of the most connected countries in the world, with one of the highest internet penetration rates. People rely heavily on the internet for their daily needs, which can increase their exposure to cyber threats and risks, sometimes leading to significant financial losses. As Qatar's leading insurer, our responsibility is to empower everyone to navigate the digital world with confidence, staying protected while enjoying the convenience of a networked life.' Al Mannai added: 'In line with the National Cyber Security Strategy 2024-2030 and the objectives of Qatar National Vision 2030, QIC is proud to be the first insurer to introduce this groundbreaking personal cyber insurance in the country. As Qatar continues its digitalization at all levels, we are confident that this new product will enhance the confidence with which people in Qatar go online, ensuring our community stays protected while engaging with an increasingly connected world.' QIC's new personal cyber insurance is exclusively available to QIC customers as an add-on coverage to home contents insurance, comprehensive car insurance, and travel insurance for QR100 per year. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Yahoo
27-05-2025
- Business
- Yahoo
QIC unveils personal cyber insurance offering
Qatar Insurance Company (QIC) has launched personal cyber insurance coverage to protect individuals against cyber risks. This policy aims to provide financial safeguards for online threats including those related to online shopping and the use of internet-connected devices. The coverage encompasses financial losses due to credit card fraud, cyberattacks, cyber extortion, damage to connected devices and wearables, incidents of online shopping fraud, identity theft and phishing scams. It also extends to cover theft of funds and ransom payments in cases of cyber extortion. QIC CEO Salem Al Mannai added: 'In line with the National Cyber Security Strategy 2024–2030 and the objectives of Qatar National Vision 2030, QIC is proud to be the first insurer to introduce this ground-breaking personal cyber insurance in the country. 'As Qatar continues its digitalisation at all levels, we are confident that this new product will enhance the confidence with which people in Qatar go online, ensuring our community stays protected while engaging with an increasingly connected world.' The product is exclusively available to QIC customers and they can purchase it as an add-on to home contents, car and travel insurance policies for an annual premium of QR100. In November 2024, QIC partnered with Ooredoo Group to develop new insurance solutions by leveraging QIC's expertise in risk management and integrating it with Ooredoo's telecommunications infrastructure. "QIC unveils personal cyber insurance offering " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
27-05-2025
- Business
- Zawya
QIC launches new personal cyber insurance coverage
Doha, Qatar: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has introduced its new personal cyber insurance, an innovative coverage designed to protect individuals from cyber risks, ensuring they can navigate their digital lives with extra confidence. QIC's new personal cyber insurance is the first in Qatar to offer individuals a comprehensive financial protection against the cyber risks of daily online life, including those occurring while shopping online and using connected devices. With a QIC personal cyber insurance policy in hand, individuals in Qatar can now fulfill their digital needs worry-free knowing they are protected against financial losses from cyberattacks, online shopping fraud, credit card fraud, phishing scams, cyber extortion threats, identity theft, and cyber damage to their connected devices and wearables. In the event of a covered cyberattack, the insured person will benefit from financial support to restore or retrieve their digital systems and data. The policy also covers theft of funds, and ransom payments in the case of cyber extortion, ensuring that customers have the backing they need to recover without bearing the financial burden alone. Commenting on the new product, Mr. Salem Al Mannai, Group CEO of QIC, said: "Qatar is one of the most connected countries in the world, with one of the highest internet penetration rates. People rely heavily on the internet for their daily needs, which can increase their exposure to cyber threats and risks, sometimes leading to significant financial losses. As Qatar's leading insurer, our responsibility is to empower everyone to navigate the digital world with confidence, staying protected while enjoying the convenience of a networked life." Al Mannai added: "In line with the National Cyber Security Strategy 2024-2030 and the objectives of Qatar National Vision 2030, QIC is proud to be the first insurer to introduce this groundbreaking personal cyber insurance in the country. As Qatar continues its digitalization at all levels, we are confident that this new product will enhance the confidence with which people in Qatar go online, ensuring our community stays protected while engaging with an increasingly connected world.' QIC's new personal cyber insurance is exclusively available to QIC customers as an add-on coverage to home contents insurance, comprehensive car insurance, and travel insurance for QAR 100 per year. To learn more about coverage limits and policy terms, visit
