Qatar Insurance Group
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.
- Company typePublic
- Founded1964
- HeadquartersDoha, Qatar
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
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.
Qatar Insurance Group firmographics
Firmographics- 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
Qatar Insurance Group industry classification
Industry- 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
Where Qatar Insurance Group is headquartered
LocationHeadquarters
- HQ city
- Doha
- HQ country
- Qatar
- HQ region
- Middle East
Offices9 records
Markets served
Qatar Insurance Group business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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.
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | International Visitors Health Insurance starting from QAR 50 |
| Subscription | Pay-as-you-go | Schengen Travel Insurance with medical coverage up to USD 50,000 |
| Subscription | Monthly | Car Insurance with installment options |
| Subscription | Annual | QatarCare Group Medical Insurance |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels7 records
Qatar Insurance Group product offering
Product offeringCore 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
Companies that use Qatar Insurance Group
Customer profileSegments5 records
Ideal customer profiles4 records
Qatar Insurance Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature4 records
Qatar Insurance Group partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered core and minor.
- Qatar Airways Privilege ClubcoreQIC 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.
- OoredoocorePartnership 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)minorQIC expanding war-risk coverage products in UAE market covering vehicles, cargo, travel, and business operations amid geopolitical tensions.
- Dell TechnologiescoreAI-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 PropertiesminorSmart city platform collaboration for digital transformation initiatives in Qatar.
- Qatar Development BankcoreJoint investment platform called 'Digital & Beyond Ventures' to support innovation and startup ecosystem development in Qatar.
- Qatar Financial Centre (QFC)coreQIC 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 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 ExchangeminorPartnership 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 partnership focusing on talent development, AI research, and supporting innovation initiatives through QIC's digital ecosystem.
- WellxminorPartnership agreement signed at Web Summit Qatar 2026 for InsurTech collaboration and digital solutions development.
- Katara HospitalityminorStrategic 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-AlfardanminorSponsor partnership for Samla International Race 2026.
- MazzratyminorSponsor partnership for Samla International Race 2026.
- AsicsminorSponsor partnership for Samla International Race 2026.
- Visit QatarcoreStrategic 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 GroupcoreMoU 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
Qatar Insurance Group competitors and assessment
Company assessmentDirect 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
Qatar Insurance Group compliance and trust
Trust signalCompliance4 records
Qatar Insurance Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Qatar Insurance Group leadership team
Management profileNumber of profiles
Profiles9 records
Qatar Insurance Group subsidiaries and ownership
Company hierarchySubsidiaries14 records
Qatar Insurance Group funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Qatar Insurance Group M&A and investment
M&A and investmentM&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
What does Qatar Insurance Group do?
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.
Is Qatar Insurance Group a public or private company?
Qatar Insurance Group is a public company. It is classified as public and is currently operating.
When was Qatar Insurance Group founded?
Qatar Insurance Group was founded in 1964. It employs 1,001 to 5,000 people.
Where is Qatar Insurance Group based?
Qatar Insurance Group is headquartered in Doha, Qatar, in the Middle East region.
How does Qatar Insurance Group make money?
Four revenue lines are on record. Insurance Premiums are the primary driver. The others are reinsurance Operations, digital Services Revenue and investment Income.
Who are Qatar Insurance Group's main competitors?
Direct peers on record are Abu Dhabi National Insurance Company (ADNIC), Bupa Arabia, Salama Cooperative Insurance, Tawuniya (Saudi Company for Cooperative Insurance) and Bahrain National Insurance (BNI). Broad incumbents are Beazley, Hiscox, Swiss Re and Munich Re. Oman Qatar Insurance Company (OQIC) is listed as an others.
Does Qatar Insurance Group have an API?
No public API is recorded for Qatar Insurance Group.
What industry is Qatar Insurance Group in?
Qatar Insurance Group's product category is Insurance Services. Its primary akta.pro industry code is FSAOADAB, Aviation & Aerospace Reinsurance, with a secondary code of FSAJAHAD, Aviation Liability Insurance (Passenger & Third-Party). Its NAICS code is 524126 and its SIC code is 6331.