Investor Relations

Candidature models for (2017-2019) elections

Group Consolidated Financial Reports

QIC Annual Report 2016

QIC Annual Report 2015

QIC Annual Report 2014

QIC Annual Report 2013

الافصاح عن نسب التملك فى اسهم الشركة فيما يزيد عن 5% (13.865.472 سهم) بطريق مباشر و غير مباشر

QIC Group Consolidated Financial Reports & Independent Auditor’s Report

QIC Financial Statement 1st Quarter

QIC Financial Statement 2nd Quarter

QIC Financial Statement 1st Quarter

QIC Financial Statement 2nd Quarter

QIC Financial Statement International 2nd Quarter

QIC Financial Statement 3rd Quarter

QIC Financial Statement Year End

QIC Financial Statement Year End – 2016

QIC Financial Statement 1st Quarter

QIC Financial Statement 2nd Quarter

QIC Financial Statement 3rd Quarter

Auditor’s Review Report

QIC Financial Statement Year End

QIC Financial Statement 1st Quarter

QIC Financial Statement 2nd Quarter

QIC Financial Statement 3rd Quarter

QIC Financial Statement 1st Quarter

QIC Financial Statement 2nd Quarter

QIC Financial Statement 3rd Quarter

QIC Financial Statement Year End

QIC Financial Statement Year End

QIC Financial Statement Year End

QIC Financial Statement Year End

QIC Financial Statement Year End

QIC Financial Statement Year End

QIC Financial Statement Year End

QIC Stock Market Update

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Investor Relation Contact

For queries related to your investments, please contact:

Perry Johns
Team Leader – Group Financial Analytics & Controls
Tel: +974 44962 329
Email: perry.johns@qicgroup.com.qa

Mena Mounir
Vice President Finance – Head of QIC Doha Finance
Tel: +974 44962 260
Email: mena.mounir@qic.com.qa

Shareholders Capital Increase

2016 – English

2016 – English

Increase the Number of Shares

Board of Directors Meetings

Letter to Stock Market -25 July 2017

Letter to Stock Market -25 April 2017

Letter to Stock Market -19 February 2017

Letter to Stock Market -24 January 2017

Letter to Stock Market -8 January 2017

Letter to Stock Market – 27 December 2016

Letter to Stock Market – 29 November 2016

Letter to Stock Market – 2 October 2016

Letter to Stock Market – 19 July 2016

Letter to Stock Market – 28 June 2016

Letter to Stock Market – 20 April 2016

Letter to Stock Market – 04 April 2016

Letter to Stock Market – 21 February 2016

Letter to Stock Market – 19 January 2016

Letter to Stock Market – 3 January 2016

Board of Directors Report – 19 January 2016

Letter to Stock Market – 27 January 2015

Letter to Stock Market – 25 October 2015

Letter to Stock Market – 12 July 2015

Letter to Stock Market – 2013

Letter to Stock Market – 2012

Board of Directors Report

2016 – Arabic

QIC Agenda for Shareholder’s Meetings

Invitation to AGM & EGM Meeting and Power of Attorney/ Proxy Form

2017 – English  Arabic

2016 – English & Arabic

2014 – English & Arabic

S&P Ratings

Rationale

Business Risk Profile: Strong

  • Qatar Insurance Co. S.A.Q. (QIC) is an established Qatari insurance group with a recognized brand in the Gulf Cooperation Council (GCC). It has expanded rapidly in recent years outside its core territories, notably in the U.K. motor market and the reinsurance market.
  • Outside the motor business, QIC has a diverse product offering, including providing (re)insurance services in all sectors in its local markets, and a track record of good earnings.
  • It is exposed to the challenging pricing conditions in the global property/casualty (P/C) and reinsurance sectors, and U.K. motor business, although we expect it maintain its pricing discipline.

Financial Risk Profile: Strong

  • We expect risk-based capital likely to remain extremely strong thanks to a rights issue in 2016 and the hybrid issuance in 2017.
  • Favorable risk profile supported by fairly diversified and liquid investment portfolio and moderate level of catastrophe exposure relative to its robust capital.
  • Sufficient levels of financial flexibility demonstrated once again by the above-mentioned capital increase and hybrid issuance.

Other Factors

  • QIC’s ratings are not immediately affected after a group of governments–including Saudi Arabia, United Arab Emirates (UAE), Bahrain, Egypt, Libya, and Yemen–moved to cut diplomatic ties, as well as trade and transport links, with Qatar.
  • With a strong business risk profile and a strong financial risk profile, our anchor for the group could be either ‘a’ or ‘a-‘. We chose the higher anchor that results in a higher rating predominantly because, in our view, the group will retain the relative strength of its competitive position and its financial risk profile–notably strong capital and earnings.
  • We believe that enterprise risk management (ERM), management & governance, and liquidity support the rating.

Outlook: Stable

The stable outlook reflects our expectation that QIC’s capital and earnings will be strong and sufficient to support
its expansion plans over the next 24 months. We expect that QIC’s risk-based capital will be at least at very strong
levels through 2017-2018.

Downside scenario

We could lower the ratings over the next 24 months if:

  • There are signs that the group’s risk-based capital is likely to drop below ‘AA’ level. This could arise from a
    combination of weak earnings, excessive profit distribution, material growth or acquisitions.
  • We see a sustained weakening of its business profile through underperformance.
  • There is evidence of materially higher exposure to catastrophe or other highly volatile risks.

Upside scenario

Although highly unlikely over the next 24 months, we could consider raising the ratings if QIC demonstrated that it
could post strong combined ratios.

Download the Full 2017 S & P RatingsDirect_Analysis  English

Overview

  • The substantial level of gross premium growth in 2015 has weighed on
    Qatar Insurance Co. S.A.Q.’s (QIC or the group) risk-based capital, even after the successful capital injection in 2016.
  • However, we forecast that the group’s risk-based capital is likely to rebuild to very strong levels by year-end 2017 through retained earnings.
  • We are therefore affirming our ‘A’ counterparty credit and financial strength ratings on QIC.
  • The stable outlook reflects our expectation that QIC’s capital and earnings will be strong and sufficient to support its expansion plans over the next 24 months. We expect that QIC’s risk-based capital(measured using our model) will improve to very strong levels by 2017 through retained earnings.

Rating Action

On June 20, 2016, S&P Global Ratings affirmed its ‘A’ counterparty credit and financial strength ratings on Qatar Insurance Co. S.A.Q. (QIC) and its guaranteed subsidiaries (see ratings list). The outlook is stable.

Rationale

During 2015, the group’s gross premium increased by almost 50%, mostly due to key accounts relating to the U.K. motor business. This growth, coupled with the related increase in claims reserves, has weighed significantly on the group’s previously extremely strong risk-based capital (measured using our model). In recognition of the rapid growth and the group’s willingness to manage capital at solid levels, QIC increased its capital by about 25% during the first half of 2016 through a rights issue. While we recognize that this increase mitigated some of the pressure, we expect that QIC will retain sufficient earnings during 2016-2017, allowing it to rebuild its risk-based capital level to very strong from strong. At the same time, we anticipate that the business mix will stabilize and that net premium growth will be more modest.

The ratings reflect our view of QIC’s strong business and financial risk profiles. The combination of these factors results in an anchor of either ‘a’ or ‘a-‘. We have used an ‘a’ anchor because we consider that QIC’s strong business and financial risk profiles understate their contribution to its overall creditworthiness. The final rating is the same as the anchor, reflecting our view that the potential modifying factors–principally QIC’s
satisfactory management and governance, adequate enterprise risk management(ERM), and strong liquidity–are currently neutral for the ratings.

QIC’s strong business risk profile reflects its strong and diverse competitive position, supported by its dominant domestic position, its regional GCC operations, and the substantial reinsurance income stream–albeit with some concentration to the U.K. motor market. We believe the broad diversity of its product offerings and geographies are key supporting factors. We forecast that the group’s gross premium is likely to grow by about 10%-15% annually over 2016-17, partly driven by more new business from the U.K. motor market during 2016. While we recognize that the group has grown substantially in a challenging pricing environment, we expect that it will maintain its pricing discipline.

For 2016-2017, we forecast that QIC will deliver combined (loss and expense) ratios of just above 95%, as well as return on equity and return on revenue of 15% annually, largely supported by investment gains in line with previous years. Hence the group is likely to generate net profits of about Qatari riyal (QAR) 1 billion annually. We expect the group to retain sufficient earnings such that its risk-based capital builds to very strong levels. We recognize that the group has propensity for significant growth levels beyond what we believe can be reliably quantified, as demonstrated in 2015. Therefore our view of strong capital and earnings reflects this potential.

We have revised our view of the group’s liquidity to strong mostly because of the pledged assets within its investment portfolio. The group has sufficient liquidity because securely rated fixed-interest instruments and cash alone comfortably cover the net technical reserves.

Download the Full 2016 S & P Rating Research English

Download the Full 2016 S & P Rating Analysis English

Ratings On Qatar Insurance Co And Guaranteed Subsidiaries Affirmed At ‘A’ ; Outlook Stable
(19/7/2015; Doha, Qatar)

Rationale

Business Risk Profile: Strong

  • Qatar Insurance Co. S.A.Q. (QIC) is a very well-established Qatari insurance group with a strong shared brand in the Gulf Cooperation Council (GCC) region. It has a rapidly growing presence in global reinsurance markets and is becoming one of the most geographically and operationally diverse of the GCC insurers.
  • QIC has a diverse product offering servicing all sectors of the local markets and a track record of strong earnings from its mature GCC operations.
  • Its intermediate industry and country risk primarily reflects that of its material premium contribution from global property/casualty (P/C) reinsurance as well as its Qatari domicile.

Financial Risk Profile: Very Strong

  • Capital and earnings will continue to be very strong through the next two years of continued development, boosted by retained profits sufficient to support further organic premium growth.
  • The intermediate risk position reflects the weighting of investment exposure to regional equity markets and real estate, despite the diversified portfolio.
  • Adequate financial flexibility, with a demonstrated ability to access capital should internal funds generation be inadequate. We consider the shareholders, which include the government, to be fully supportive of QIC’s growth plans and financial requirements.

Other Factors

  • The combination of these factors gives an anchor of either ‘a+’ or ‘a’, according to our criteria. We have opted for the lower anchor, given execution risk associated with integrating and developing QIC’s reinsurance subsidiaries, in addition to earnings margin pressure in the GCC markets due to competitive pressures.
  • We consider enterprise risk management (ERM) and management and governance as neutral to the rating.
  • Liquidity is exceptional–there is a large pool of liquid assets, compared with potential stressed liquidity needs.

Outlook: Stable

The stable outlook reflects our view that QIC’s capital and earnings will continue to be very strong and sufficient to support its expansion plans. We expect that QIC’s financial strength will remain reinforced by extremely strong capital adequacy and stable positive earnings.

Upside scenario We could consider raising the ratings in the next two to three years if QIC successfully and sustainably assimilates its new business platforms, as seen in combined ratios sustainably outperforming the market average in international reinsurance.

Downside scenario, We consider a downgrade unlikely, but we could lower the ratings if we saw:

  • A material weakening of QIC’s capital and earnings to below strong. This could arise from poorly managed acquisitions or from material earnings deficits.
  • A sustained weakening of its business profile through underperformance at its domestic or reinsurance operations.
  • Evidence of materially higher exposure to catastrophe or other highly volatile risks, which would lead us to revise our assessment of the intermediate risk position.

Rating Action:

On Aug 19, 2015, Standard & Poor’s Ratings Services affirmed its ‘A’ counterparty credit and financial strength ratings on Qatar Insurance Co. S.A.Q. (QIC). The outlook is stable.

To read the full analytical report for Qatar Insurance Company by Standard & Poor’s, please click on the link below to download the report in PDF format.

Download the Full 2015 S & P rating analysis English

Ratings On Qatar Insurance Co and Guaranteed Subsidiaries Affirmed At ‘A’; Outlook Stable
(3/07/2014; Doha, Qatar)

Overview:

  • We view Qatar Insurance Co. S.A.Q. (QIC) as an increasingly diversified insurance group with relatively mature operations in the still-growing Gulf Cooperation Council region, and with rapidly expanding reinsurance operations in Europe.
  • A substantial capital injection in 2013 to finance these new operational areas has materially reinforced its already very strong capitalization.
  • These factors are somewhat offset by the increasing complexity of the group’s operations, which heightens its risk profile and present integration challenges.
  • We are affirming our rating on QIC at ‘A’.
  • The stable outlook reflects our view that QIC’s franchise expansion will not weaken capitalization and earnings will remain favorably positive, in line with our base-case assumptions.

Rating Action:

On July 3, 2014, Standard & Poor’s Ratings Services affirmed its ‘A’ counterparty credit and financial strength ratings on Qatar Insurance Co. S.A.Q. (QIC). The outlook is stable.

Download the Full 2014 S&P rating analysis icpdf English

Qatar Insurance Co and Guaranteed Subsidiaries Ratings Affirmed At ‘A’ after Insurance Criteria Change; Outlook Stable
(27/06/2013; Doha, Qatar)

Overview:

  • Following a review of the Qatar-based insurer Qatar Insurance Co. S.A.Q. (QIC), under our revised insurance criteria, we are affirming our ‘A’ ratings on the company and its guaranteed subsidiaries, QLM, QICI, and Q-Re.
  • The ratings reflect QIC’s strong business risk profile, and its very strong financial risk profile. These assessments principally derive from our view of QIC’s strong competitive position and very strong capital and earnings.
  • The stable outlook on the ratings reflects our view that QIC’s business and financial risk profiles will remain unchanged over the next two years.

Rating Action:

Standard & Poor’s Ratings Services affirmed its ‘A’ insurer financial strength and counterparty credit ratings on Qatar-based multiline insurer Qatar Insurance Co. S.A.Q. (QIC) and its guaranteed subsidiaries, QLife & Medical Insurance Company LLC (QLM), QIC International LLC (QICI), and Q-Re LLC. The outlook on all entities is stable.

Download the Full 2013 S&P rating analysis English

Qatar Insurance Co. S.A.Q.
(13/09/2012; Doha, Qatar)

The ratings on Qatar-based insurer, Qatar Insurance Co. S.A.Q. (QIC; A/Stable/–), and its guaranteed subsidiaries QIC International LLC, Q-Re LLC and Q Life & Medical Insurance Company LLC, reflect the group’s very strong capitalization, strong liquidity, and strong competitive position. These strengths are partially offset by the execution risks entailed in expanding the operations across the GCC region and beyond, and to some extent the locally concentrated investment portfolio. Though weaker in 2011, earnings remain strong and contribute positively to the rating.

Download the Full 2012 S&P rating analysis English

Qatar Insurance Co. Upgraded To ‘A’ On Continually Strong Competitive Position; Outlook Stable

(09/08/2010; Doha, Qatar)

QIC’s competitive position is strong. The company is strong in its domestic market, with a market share of around 50%. Since inception, QIC has posted profitable results. During the past three years, the net combined ratio has averaged around 84%. QIC’s international operations continue to increase the amount they contribute to the overall business; in 2009 international net premiums written (NPW) were around QAR619 million (2008: QAR491 million), with a net underwriting result of QAR165 million (2008: QAR133 million). This compares to QAR516 million (2008, QAR483 million) NPW from domestic operations, with a net underwriting result of QAR230 million (2008, QAR173 million). Retention now stands at 53% compared to 31% in 2005 and has generally increased across all lines, although the highest retentions continue to be for retail and lower-severity products.

Prospective:

Over the next two years, Standard & Poor’s expects a relatively low level of gross premium growth in line with 2009’s results, although premiums from QIC’s international operations is expected to exceed 50% in 2010. Net retention of premium is also expected to continue its gradual rise and the combined ratio is expected remain stable at around 85%.

Download the Full 2010 S&P rating analysis English

Qatar Insurance Co. S.A.Q. ‘A’ Long-Term Ratings Affirmed; Outlook Stable
(28/05/2009; Doha, Qatar)

Standard & Poor’s Ratings Services affirmed its ‘A’ long-term counterparty credit and insurer financial strength ratings on Doha-based Qatar Insurance Co. S.A.Q. (QIC). The outlook is stable. The company, like its peers, has not been immune to the deterioration in global investment markets and the global and regional macro-economic downturn.

Download the Full 2009 S&P rating analysis English

Qatar Insurance Co. Upgraded To ‘A’ On Continually Strong Competitive Position; Outlook Stable
(16/02/2006; Doha, Qatar)

Standard & Poor’s Ratings Services said today it raised its long-term counterparty credit and insurer financial strength ratings on Qatar-based underwriter Qatar Insurance Co. S.A.Q. (QIC) to ‘A’ from ‘A-‘. The outlook is stable.

“The upgrade is driven by QIC’s continuing dominance of the local market, as well as its growing presence across the Gulf Cooperation Council region and the resultant earnings potential for the company,” said Standard & Poor’s credit analyst Jelena Bjelanovic.

The ratings on QIC reflect the company’s extremely strong capital adequacy, strong and established competitive position, and very strong operating performance. These factors are partially offset by the potential for adverse operational volatility, QIC’s very high reliance on reinsurance protection in certain lines of business, and the heavy local concentration of its investment portfolio.

The outlook on QIC is stable, reflecting our expectations that:

  • QIC’s income stream will further diversify in 2006, both within the Gulf Cooperation Council region (through local branches and subsidiaries) and within the business lines it underwrites in Qatar.
  • Underwriting profitability will not deteriorate from the currently very strong level, and, in particular, underwriting at all current branches and subsidiaries should remain profitable.
  • Reinsurance utilization will remain substantial but gradually decrease, as QIC’s internal risk management expertise continues to build and the company continues to slowly move away from the fee-based, high-economic-value energy risks.
  • QIC will maintain a locally focused investment portfolio, although concentration risk will marginally improve year on year.
  • The outlook does not take into account the impact of any potential M&A.

Download the Full 2006 S&P rating analysis English

A.M. Best Ratings

A.M. Best Comments on Ratings of Qatar Ins. Co. S.A.Q. & Its Main Subsidiaries Following Acquisition of Antares Holdings Ltd
(09/07/2014; London, UK)

A.M. Best has commented that the financial strength rating of A (Excellent) and the issuer credit ratings of “a” of Qatar Insurance Company S.A.Q. (QIC) (Qatar) and its main subsidiaries remain unchanged following QIC’s acquisition of Antares Holdings Limited (Antares). A.M. Best will closely monitor QIC’s capital position and operating performance following this strategic transaction and the high level of growth anticipated within its reinsurance subsidiary.

The acquisition of Antares is in line with QIC’s strategy to build an international, diversified insurance group. The acquisition provides QIC with greater diversification geographically and by line of business. Antares is a specialist insurance and reinsurance group operating in the Lloyd’s market, writing GBP 224 million (USD 384 million) of premium revenue, translating into approximately 40% of QIC’s profile at year-end 2013. Antares underwrites business through Lloyd’s Syndicate 1274, using its integrated managing agency, and it has a Bermudian platform with a Class 3 reinsurance license. QIC is expected to achieve year-on-year gross premium growth of 64% in 2014 due to the acquisition of Antares and with the expansion of its existing reinsurance subsidiary, Qatar Reinsurance Company LLC.

QIC’s strong risk-adjusted capitalisation has enabled it to fund the acquisition internally, while maintaining sufficient capital adequacy for the current rating level. Given the robust profitability of Antares’ and QIC’s direct domestic and international operations, QIC is expected to be able to grow its capital organically to support prospective growth.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

In accordance with Regulation (EC) No. 1060/2009, the following is a link to required disclosures:A.M. Best Europe – Rating Services Limited Supplementary Disclosure.

This rating announcement has been issued by A.M. Best Europe – Rating Services Limited, which is a subsidiary of A.M. Best Company. A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source.

A.M. Best Affirms Ratings of Qatar Insurance Company S.A.Q. and Its Main Subsidiaries
(04/12/2014; London, UK)

A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit ratings of “a” of Qatar Insurance Company S.A.Q. (QIC) and its main subsidiaries: QIC International LLC (QICI) and Qatar Reinsurance Company LLC (Qatar Re). The outlook for all ratings remains stable. All companies are domiciled in Qatar.

The ratings for QIC reflect its very strong risk-adjusted capitalisation, robust underwriting performance and global business diversification. Offsetting rating factors are QIC’s concentration in Qatari equities and the execution risk associated with the rapid growth of group, particularly within its reinsurance arm.

QIC’s risk-adjusted capitalisation remains very strong, despite considerable additional capital requirements created by the acquisition of Antares Holdings Limited (Antares) and the rapid expansion of Qatar Re. Prospective risk-adjusted capitalisation is expected to remain strong, benefiting from a high level of internal capital generation. Additionally, QIC’s supportive shareholders provide the company with good financial flexibility.

The company has a strong track record of operational performance, with a 5-year weighted average return on equity of 17.4%. Underwriting performance remained robust in 2013, with a combined ratio of 93%, which reflected very strong results in QIC’s domestic market. However, performance was dampened by unfavourable reserve developments on losses in prior underwriting years and the high costs of expansion at Qatar Re. QIC’s profit for the year was QAR 778 million (USD 214 million), although profitability remains heavily weighted toward investment income. In the first three quarters of 2014, QIC generated an operating profit of QAR 801 million (USD 220 million) at a combined ratio of 97%.

The acquisition of Antares and expansion of Qatar Re during 2014 has produced year-on-year growth of in excess of 50%, and gross written premium for the year is expected to reach QAR 5.8 billion (USD 1.6 billion). QIC enjoys a dominant position in the Qatari market and has a global reach, with 73% of gross premiums emanating from abroad. Through QICI, QIC has a sound position in the United Arab Emirates market, and Antares gives the group access to a portfolio of marine, casualty and aviation business written through Lloyd’s.

The rapid expansion of Qatar Re continues to represent material execution risk. However, QIC has made significant improvements in group-wide risk management, incorporating capital modeling into strategic decisions and bolstering catastrophe modeling and actuarial capabilities.

The ratings for QICI and Qatar Re incorporate a strong level of support from QIC, as evidenced by a guarantee provided to both companies, as well as capital injections and an internal quota share arrangement to support business written at Qatar Re.

Upward rating actions are unlikely in the near term. Negative rating pressure could arise if either QIC or Qatar Re is unable to meet their strategic objectives, or if there is change in the level of rating enhancement provided to the subsidiaries.

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

Key insurance criteria reports utilised:

  • Catastrophe Analysis in A.M. Best Ratings
  • Evaluating Country Risk
  • Rating Members of Insurance Groups
  • Risk Management and the Rating Process for Insurance Companies
  • Understanding Universal BCAR

This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please visit A.M. Best’s Ratings & Criteria Center.

Best’s Rating of A (Excellent); Financial Size Category of XI ($750 Million to $1 Billion)
(06/12/2013; London, UK)

Best’s Credit Ratings
Best’s Financial Strength Rating: A Outlook: Stable
Best’s Issuer Credit Rating: A Outlook: Stable

Rating Rationale:

The ratings for Qatar Insurance Company SAQ (QIC) reflect its excellent prospective risk-adjusted capitalisation supported by strong financial flexibility, robust underwriting performance and strong business diversification. Offsetting rating factors are QIC’s concentration in Qatari equities, the ongoing development of enterprise risk management (ERM) to support the company’s expansion and the execution risk associated with Q-Re LLC (Q-Re).

The ratings for Qatar International LLC (QICI) and Q-Re incorporate a strong level of support from its parent, QIC. QIC provides a parental guarantee to both companies and has supported Q-Re through capital injections of QAR 146 million in 2012 and QAR 182 million in 2013, with a further QAR 182 million expected in 2014. The international businesses and their growth are central to QIC’s overall strategy as well as integrated into the group through shared management and dependence on shared asset management, IT and audit functions. The group also provides internal reinsurance to its subsidiaries.

Download the Full 2013 Best’s Credit Report English

A.M. Best Europe – Rating Services Limited has assigned a financial strength rating of A (Excellent) and issuer credit ratings of “a” to Qatar Insurance Co SAQ (QIC), QIC International LLC (QICI), and Q-Re LLC (Q-Re).
(26/11/2013; London, UK)

The outlook for all ratings is stable. All companies are domiciled in Qatar.

The ratings for QIC reflect its excellent prospective risk-adjusted capitalization supported by good financial flexibility, robust underwriting performance and strong business diversification. Offsetting rating factors are QIC’s concentration in Qatari equities, the developing state of the company’s enterprise risk management (ERM) systems to support the company’s expansion and the execution risk of the Q-Re expansion plan.

The ratings for QICI and Q-Re incorporate a strong level of support from QIC as evidenced by a parental guarantee provided over both of these companies, capital injections to support business written at Q-Re, importance of the international businesses to QIC’s overall strategy and integration into the overall group

Download the Full 2012 Best’s Credit Report English

Qatar Insurance Company obtains BS EN ISO 9001:2008 Standard

As the new millennium dawned QIC wished to mark the occasion by establishing that it had matured into a well-managed service company and chose to undertake the ISO certification process.

Early in 2000 the company began the process, which resulted    in the it being awarded on the 13th of September 2000 the ISO 9002:1994 Certificate of Approval in respect of its Quality Management System, applicable to the Provision of insurance and reinsurance in the fields of Energy, Construction, Marine, Aviation, Automobiles, Healthcare, Property and General Accident classes of insurance.

To mark our 40th Anniversary in 2004 QIC, has successfully obtained re-certification to the new standard BS EN ISO 9001:2000.