Qatar Insurance Company Emerges as ‘Top Investment House’ in MENA Region

Press release

Published October 11th, 2017 - 09:22 GMT

Qatar Insurance Company

Qatar Insurance Company (QIC), the leading insurer in the Middle East and North Africa (Mena) region has been recognised as the ‘Top Investment House’ during a survey conducted by The Asset magazine in collaboration with Benchmark Research.

The survey ranked top investment houses in Asian G3 bonds (issued by Asian issuers in US dollar, euro and Japanese yen) based on the number of votes won by their investors.

More than 290 different institutions, including asset managers, hedge funds, private banks, banks and insurance companies/sovereign wealth funds were evaluated and shortlisted during the survey.

The ranking methodology used for the survey was based on the number of votes received from top-rated analysts, economists and strategists, salespeople and traders for investors in these institutions. In addition, the ranking score was also subject to a weighting methodology, which was determined by the rating of the individual casting the vote for the investors.

Commenting on the latest accomplishment, Khalifa Turki Al Subaey, Group President and CEO of QIC Group, said: “We are honored to be named as the Top Investment House from the Mena region. The prestigious ranking serves as a testament to the resounding success of our business strategy built along a customer-centric and technologically progressive approach, ably backed by the investments team.”

“Investments are a cornerstone for the success of our business. Not only does this showcase the goodwill and reputation that QIC has built over the years of its operation, but also brings to the fore our passion and commitment in maintaining our status as a market leader in the insuranceand investment management space,” Khalifa added.

Source: The Peninsula

Background Information

Qatar Insurance Company

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 4 billion.