QIC releases Q3 Financials
QIC reported QAR 535 million net profit for the first 9 months in 2013, an increase of 29% compared to the same period in 2012. Gross premium written for the period was QAR 2.885 Billion higher by 33% and expected to exceed USD 1 Billion by the end of this year. Insurance revenue was QAR 301 million for the first 9 months in 2013 compared to QAR 209 million in the same period in 2012 higher by 44%. Investment and other income increased to QAR 535 million (2012: 400 million).
QIC Announces the Opening of its New Branch in Al Khor city
We are proud to announce that our Al Khor branch is now open.The branch is offering to all the customers of Al Khor, Al Zakhira and Al Shammal area all kind of insurance services and motor claims.
QIC releases Second Quarter Financial Statements for the period ended 30 Jun 2013
Press Conference on Launching of Automated Insurance Machines (AIM) at Traffic Departments
In the evening of Monday, 22/7/2013, a ceremony was held at the Traffic Headquarters in Khalifa City on the occasion of launching Automated Insurance Machines (AIMs) provided by Qatar Insurance Company (QIC) at various traffic departments. The ceremony was attended by H.E. Mohamed Saad Al Kharji, Traffic Department Director, and a number of Traffic Department and Interior Ministry top officials. The ceremony was also attended by Mr. Khalifa Abdullah Turki Al Subaey, QIC Chief Executive Officer, and a group of QIC leads and specialists.
Qatar Insurance Group organizes annual staff Souhor gathering
On the occasion of the holy month of Ramadan, Qatar Insurance Group organized its annual staff Souhor gathering at the Katar hall with the presence of Mr. Khalifa Al Subaey, Group president and CEO and other senior executives. It is an annual eventful night filled with different activities and prizes that the company used to conduct for the staff and their families.
QIC Mobile Insurance App
QIC is pleased to announce the release of IOS and Android mobile apps for Qatar Retail Insurance. QIC is the first insurer in the region to launch mobile insurance application to customers.
QIC Board of Director's will meet on the 23rd of July 2013, to discuss half year financial results.
QIC Group President and CEO Khalifa Abdulla Turki Al-Subaey joins The Geneva Association as first member from Arab World
Khalifa Al-Subaey, QIC Group President and CEO, said: "I am delighted and honoured to join The Geneva Association as the first representative of the Arab World. Our region offers significant opportunities to insurers and reinsurers.
Qatar Insurance Company Rights issue subscription has been successfully concluded with an oversubscription
The management of QIC stated that its rights issue has been concluded and the capital of the company is QR 1,284,323,040. This Rights issue has been approved during the conducted Extra Ordinary General Assembly meeting of the company which was held on 17th February 2013. The rights issue was open for subscription from March 4th to March 25th 2013 through Qatar national Bank and the number of shares offered for public subscription in the rights issue was 21,405,384 ordinary shares, the total subscription reached QR 1,574,668,800 with a number of shares ordered 34,992,640.
QIC Group release first quarter results for 2013
QIC releases first quarter results for the month ending 31-March-2013.