Qatar Insurance Group

What Qatar Insurance Group does

Qatar Insurance Group (QIC), founded in 1964 as the first domestic insurer in Qatar, is a publicly listed diversified insurance conglomerate on the Qatar Stock Exchange (ticker QATI) with market capitalization exceeding QAR 7 billion. The group operates across personal lines (car, motorcycle, travel, home, boat, life and medical), commercial lines (Property & Commercial, Marine & Aviation, Energy, Motor Fleet), and life and medical via its QLM subsidiary, supported by a network of wholly-owned operating entities in the UAE (QIC UAE), Oman (OQIC, separately listed on the Muscat Stock Exchange), Kuwait (KQIC), Europe (QIC Europe Limited), Bermuda (Qatar Re), and the UK (Antares Underwriting Services). International operations contribute approximately 75% of group premium volume, making QIC one of the largest insurers in MENA by written premium and total assets.

The company's technology stack centers on qic.online, its digital-first platform, and the QIC mobile app, which integrates insurance purchase and renewal with lifestyle services including travel bookings, event calendars, and the Coins loyalty programme (convertible to Qatar Airways Avios). Distribution combines digital self-serve, an extensive branch network with free policy delivery, call-center inside sales, and a dedicated enterprise sales force for commercial and energy lines. Strategic technology partnerships with Google Cloud, Dell, Ooredoo, and Splunk are advancing AI-as-a-Service, sovereign cloud, and cybersecurity capabilities, while an inaugural AI Summer Internship Program signals internal capability development.

QIC generates revenue primarily through insurance premiums (QAR 9.9bn GWP in FY2025, up 9% YoY) across both retail and commercial segments, supplemented by reinsurance operations through Qatar Re, Antares, and QIC Europe, and investment income from QAR 18.6bn AUM at a 5.1% return. Pricing models span pay-as-you-go entry-level products (visitors health insurance from QAR 50), monthly installment options (car insurance in four installments), annual subscriptions (QatarCare group medical), and global package pricing (Schengen travel insurance with USD 50,000 medical coverage). FY2025 net profit reached QAR 791M (up 9%), with Q1 2026 net profit of QAR 217M (up 6%), and the group maintains MSCI ESG AAA, S&P A-, and A.M. Best A- ratings, supporting institutional capital access evidenced by a 6x oversubscribed USD 500M Tier II bond issuance in July 2025.

Name

Qatar Insurance Group

Legal name

Qatar Insurance Company Q.S.P.C.

Website

https://qic-group.com

Company type

Public

Founded year

1964

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Qatar Insurance Group (QIC) is a publicly listed Qatar-based diversified insurer and reinsurer serving retail, commercial, and corporate customers across MENA, Europe, Bermuda, and Asia through digital, branch, and partnership channels. It offers personal, commercial, life and medical, and reinsurance products, with FY2025 gross written premiums of QAR 9.9 billion.

Ownership category

akta.pro rank

Product category

Insurance Services

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411), Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Aviation & Aerospace Reinsurance (FSAOADAB)

akta.pro secondary industries

Aviation Liability Insurance (Passenger & Third-Party) (FSAJAHAD), Group Travel & Corporate Travel Accident Insurance (FSAJAJAK), International/Expatriate Individual Health Insurance (FSAIAEAH), Baggage & Personal Effects Insurance (FSAJAJAE)

Keywords

• Personal insurance products
• Commercial insurance coverage
• Reinsurance services
• Group medical insurance
• Digital insurance platform

Headquarters

HQ city

Doha

HQ country

Qatar

HQ region

Middle East

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Premiums: Core revenue from underwriting personal insurance (car, motorcycle, travel, home, boat, life & medical) and business insurance (property & commercial, marine & aviation, energy, motor fleet). Gross Written Premiums of QAR 9.9 billion in 2025.
2. Reinsurance Operations: International reinsurance operations through subsidiaries Qatar Re, Antares, and QIC Europe Limited contributing to overall premium volume. International subsidiaries account for approximately 75% of Group's well-diversified book of business.
3. Digital Services Revenue: Revenue from expanded digital services ecosystem including travel solutions, hotel bookings, and partnerships. Customers can use Coins loyalty points to partially pay for outbound travel insurance premiums.
4. Investment Income: Returns on investment portfolio contributing to financial performance. Return on investment of 5.1% with assets under management at QAR 18.6bn.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Qatar Insurance Group is a publicly listed insurer offering personal insurance (car, motorcycle, travel, home, boat, life and medical) and business insurance (property and commercial, marine and aviation, energy, motor fleet) through digital and physical channels. The company also operates international reinsurance through subsidiaries including Qatar Re, Antares, and QIC Europe Limited, with international business contributing approximately 75% of its premium volume.

Product overview

Qatar Insurance Group (QIC) operates as a diversified insurance conglomerate offering a comprehensive portfolio of personal and business insurance products through both digital and traditional distribution channels. The company provides personal insurance including car (Premier Automobile), motorcycle, travel, home, boat, and life & medical (QatarCare) coverage through its qic.online digital platform. Business insurance offerings encompass property & commercial, marine & aviation, energy, and motor fleet coverage. QIC has differentiated itself through market-first innovations including Qatar's first Personal Cyber Insurance and School Fees Insurance. The company operates QLM Life & Medical Insurance as a subsidiary and has built an all-in-one digital ecosystem integrating insurance with lifestyle services through the QIC App, featuring loyalty rewards (Coins programme), travel solutions, and partner integrations with Qatar Airways Privilege Club and Ooredoo.

Differentiator

Problem solved

Functional benefit

Brands

• Coins: Loyalty rewards program that allows customers to earn and redeem points across QIC's digital ecosystem
• Equinox
• QatarCare
• Premier Automobile
• OQIC Insured
• KQIC Insured

Products and services

• Premier Automobile Insurance

Quantifiable outcome

• 3 working day motor claims approval policy
• +6 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

17 partnerships are on record, tiered core and minor.

• Qatar Airways Privilege ClubcoreStrategic or Co-development Partner · 15 June 2026QIC Coins loyalty points can be converted to Avios, the loyalty rewards currency of Qatar Airways Privilege Club. Converted points redeemable across flight bookings, travel class upgrades, and Qatar Duty Free purchases with access to 150+ destinations.
• OoredoocoreChannel Partner/ Reseller/ Distributor · 15 June 2026Partnership to offer complimentary eSIMs to all travelers purchasing Mandatory Visitors Health Insurance through QIC digital platforms. Customers receive dedicated activation link before arriving in Qatar.
• War-Risk Coverage Products (UAE Market)minorOthers · 14 May 2026QIC expanding war-risk coverage products in UAE market covering vehicles, cargo, travel, and business operations amid geopolitical tensions.
• Dell TechnologiescoreTechnology or Integration · 5 February 2026AI-as-a-Service platform development with Dell for Ooredoo's Sovereign AI Cloud as part of digital transformation partnerships announced at Web Summit Qatar 2026.
• Msheireb PropertiesminorStrategic or Co-development Partner · 5 February 2026Smart city platform collaboration for digital transformation initiatives in Qatar.
• Qatar Development BankcoreStrategic or Co-development Partner · 5 February 2026Joint investment platform called 'Digital & Beyond Ventures' to support innovation and startup ecosystem development in Qatar.
• Qatar Financial Centre (QFC)coreStrategic or Co-development Partner · 4 February 2026QIC signed MoU with Qatar Financial Centre at Web Summit Qatar 2026 to strengthen QFC ecosystem and support QFC-licensed companies. QFC reported approximately 2,300 business licensing applications from the event.
• Ooredoo GroupcoreStrategic or Co-development Partner · 4 February 2026Strategic partnership at Web Summit Qatar 2026 focusing on AI adoption, FinTech, InsurTech solutions, and talent development. Partnership advancing digital transformation in Qatar through AI-as-a-Service platform development.
• Al Dar ExchangeminorStrategic or Co-development Partner · 4 February 2026Partnership signed at Web Summit Qatar 2026 as part of QIC's digital ecosystem expansion and FinTech collaboration initiatives.
• University of Doha for Science and TechnologyminorStrategic or Co-development Partner · 4 February 2026Strategic partnership focusing on talent development, AI research, and supporting innovation initiatives through QIC's digital ecosystem.
• WellxminorStrategic or Co-development Partner · 4 February 2026Partnership agreement signed at Web Summit Qatar 2026 for InsurTech collaboration and digital solutions development.
• Katara HospitalityminorGTM or Marketing Partner · 11 January 2026Strategic partnership for Samla International Race 2026 edition, supporting event's expansion to global stage with elite athletes competing across swimming, running, mountain biking, kayaking, and cycling segments.
• Defender-AlfardanminorGTM or Marketing Partner · 11 January 2026Sponsor partnership for Samla International Race 2026.
• MazzratyminorGTM or Marketing Partner · 11 January 2026Sponsor partnership for Samla International Race 2026.
• AsicsminorGTM or Marketing Partner · 11 January 2026Sponsor partnership for Samla International Race 2026.
• Visit QatarcoreGTM or Marketing Partner · 11 January 2026Strategic partner supporting Samla International Race's expansion to global stage, strengthening Qatar's reputation as world-class destination for sporting events and sports tourism.
• Ooredoo GroupcoreStrategic or Co-development Partner · 25 November 2024MoU signed to offer integrated insurance products delivering true value through collaboration in rapidly changing market environment.

Scale indicators17 records

Recent moves18 records

Expansion highlights6 records

Direct peers

• Abu Dhabi National Insurance Company (ADNIC): UAE-listed composite insurer offering personal and commercial P&C, life, and health lines across the GCC. Closely comparable to QIC as a regionally diversified MENA insurer with similar product breadth and corporate client base.
• Bupa Arabia: Leading GCC health insurer with extensive provider network and corporate group medical focus, comparable to QIC's QLM Life & Medical Insurance subsidiary. Direct overlap on group medical and individual health lines.
• Salama Cooperative Insurance: Saudi-listed cooperative insurer providing personal, commercial, and health insurance. Comparable as a GCC-shariah-compliant composite insurer targeting similar retail and corporate customer segments as QIC.
• Tawuniya (Saudi Company for Cooperative Insurance): One of the largest Saudi insurers with diversified P&C and health lines. Directly comparable to QIC as a major GCC composite insurer with state-aligned shareholder base and broad corporate reach.
• Bahrain National Insurance (BNI): Bahraini composite insurer offering personal, commercial, and specialty lines. Comparable regional peer with similar product mix and GCC corporate client overlap.

Broad incumbents

• Beazley: UK-listed specialty insurer with strong marine, aviation, and specialty lines franchise at Lloyd's. Closely comparable to QIC's Antares business in specialty underwriting, scale, and global distribution.
• Hiscox: Global specialty insurer with Lloyd's presence in marine, aviation, and specialty personal lines. Comparable to QIC/Antares as a specialty-focused composite player with international distribution.
• Swiss Re: One of the world's largest reinsurers with deep aviation, marine, and specialty expertise. Comparable to Qatar Re/Antares as a global reinsurer with whom QIC competes and partners on treaties.
• Munich Re: Global reinsurance leader across aviation, marine, P&C, and life. Comparable to QIC's international reinsurance operations and a benchmark for capital strength and pricing in the specialty reinsurance market.

Others

• Oman Qatar Insurance Company (OQIC): OQIC is itself a QIC subsidiary listed on the Muscat Stock Exchange. Included as a comparable for regional insurance distribution models and pricing dynamics in the Omani market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries14 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qatar Insurance Group