---
id: 10044
title: "Qatar Insurance Company: Best Insurance Leadership GCC 2021"
award_year: 2022
published: 2022-02-02 14:45:24
published_gmt: 2022-02-02 14:45:24
author: "CFI.co Editorial"
url: "https://cfi.co/awards/middle-east/2022/qatar-insurance-company-best-insurance-leadership-gcc-2021/"
categories: ["Corporate Leadership", "Middle East", "Professional Services"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20230923172405
wayback_snapshot_url: "http://web.archive.org/web/20230923172405/https://cfi.co/awards/middle-east/2022/qatar-insurance-company-best-insurance-leadership-gcc-2021/"
license: CFI-OAAL-1.0
content_sha256: 40ee1d8cd9dcbc4bdecf34bfb4e103d1e64eaf15027c94000e03700affd113bb
canonical: 10044-qatar-insurance-company-best-insurance-leadership-gcc-2021.json
---

# Qatar Insurance Company: Best Insurance Leadership GCC 2021

> Verbatim archived copy. Canonical machine record: `10044-qatar-insurance-company-best-insurance-leadership-gcc-2021.json`.

<p style="text-align: justify;"><img class="aligncenter size-full wp-image-10045" src="https://cfi.co/awards/wp-content/uploads/2022/02/QIC.jpg" alt="QIC" width="500" height="357" /></p>
<p style="text-align: justify;"><strong>Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Since its inception, QIC has consistently navigated individuals and businesses through economic cycles by offering a diverse portfolio of personal (car, home, travel, boat, personal accident benefit) and commercial (energy, marine &amp; aviation, property &amp; commercial, medical &amp; motor) lines of insurance, combining a broad-based distribution strategy with excellent service delivery. The group motto promises clients security, stability and strength.</strong></p>
<p style="text-align: justify;">Based on the proactive steps taken by its management, QIC demonstrated resilience by successfully navigating headwinds such as the COVID pandemic and natural catastrophes. Among management’s strategic steps were the highly successful hybrid capital raise of US$ 300 million in H1 2020 and the initial public offering of its subsidiary, QLM Life &amp; Medical Insurance Company in Q4 2020.</p>
<p style="text-align: justify;">Today QIC is the leading insurer in the MENA region. In terms of gross premiums, profitability and total assets, QIC is the largest insurance company in the MENA region. During the past decade, through a combination of organic and inorganic growth, QIC has grown from being a Middle East focused direct insurer, to a global insurance and reinsurance group with operations that spans Qatar, UAE, Oman, Kuwait, United Kingdom, Switzerland, Malta, Italy, Singapore, Bermuda and Gibraltar.</p>
<p style="text-align: justify;">QIC is one of the highest rated insurers in the Gulf region with a rating of “A” from Standard &amp; Poor’s and “A (Excellent)” from A.M. Best.</p>
<p style="text-align: justify;">The CFI.co judging panel announces Qatar Insurance Company as the winner of the 2021 award for Best Insurance Leadership (GCC).</p>