Posted on March 25, 2019

As part of its endeavor towards achieving the Qatar National Vision 2030, QIC Group announced that it had completed a knowledge exchange program with leading insurance company Sompo Japan Nipponkoa Insurance Inc. (SJNKI)

Owing to QIC’s reputation as the leading insurer in the MENA region, SJNKI sent its staff to QIC Headquarters in Doha for enhancing technical skills, exchanging experiences and adopting best practices. The trainee was successful at familiarizing himself with QIC’s wide spread knowledge in various fields of insurance, digitized retail platforms and communicating with a multi-cultural workforce and customer base in the Middle East.

Speaking about this new initiative, Mr. Ahmed Al Jarboey, Senior Vice President MENA Retail & Motor Claims stated, “This collaborative partnership highlights QIC Group’s reputation and goodwill for which SJNKI has chosen us as the ideal partner. We wish to foster this growing relationship and take to its next stage of its evolution.  \It would be our way of cementing the partnership between the two business powerhouses.”

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 region. 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. In terms of profitability and market capitalization, QIC is also the largest insurance company in the MENA region. It is listed on the Qatar Exchange and has a market capitalization of over USD 3 billion.

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