QIC Group awarded “Best Regional Enterprise” at Excellence in Quality International Conference
QIC Group President & CEO Mr. Khalifa Abdulla Turki Al-Subaey has been conferred the “Manager of the Year” award and Qatar Insurance Company (QIC) awarded “Best Regional Enterprise” by the International Socrates Committee at the “Excellence in Quality” International Conference. The award ceremony, which was recently held in Lucern, Switzerland honors award recipients for their professional achievements and unique contribution in the respective sectors.
The nominations for the awards were for CEOs and senior executives, business excellence leaders, top experts on quality and strategic management, leading healthcare service providers, rectors, chancellors, and upper-level executives. The main focus of the conference was on the role model of excellence in three primary sectors: corporate, healthcare and medical travel, and education management.
Highly impressed with the global performance of QIC Group The International Socrates Committee praised QIC and the country of its origin, Qatar for emerging as a sophisticated financial hub, offering tremendous business opportunities that are reflected in QIC’s stellar performance.
The “Manager of the Year” award to Mr. Khalifa Abdulla Turki Al-Subaey in recognition of his outstanding leadership, global contribution in the field of insurance and for implementation of innovation and outstanding management.
Mr. Khalifa joined QIC in 1986. Under his leadership, the Gross Written Premium (GWP) of the company has grown from QAR 52.2 million in 1986 to QAR 9.9 billion at the end of 2016. The consolidated net profit rose significantly from QAR 14.4 million in 1986 to QAR 1.034 billion at the end of 2016.
Following Khalifa’s well thought out strategy of diversification, today QIC has transformed into the leading insurance group in the Middle-East and entire African region in terms of profitability and market capitalization. In addition, it has grown into a well-diversified global insurance group with offices in the GCC and in Bermuda, London, Zurich, Malta and Singapore.
A distinguished and well known industry professional, Mr. Khalifa’s penchant for strong corporate governance, operational discipline, ethical and fair business practices have been instrumental in building QIC’s stellar growth and performance. He has set new industry standards in the region with wide range of products and quality services for customers and consistent high returns to the shareholders. Today QIC is a trusted brand well known in the global insurance market.
Speaking about his latest accomplishment, Mr. Khalifa Abdulla Turki Al-Subaey stated, “I am deeply overwhelmed to receive the prestigious award. It is not only an honor for me but also is a tribute to the commendable achievements that have been accomplished through the dedication and commitment of the employees of the Group. Going forward, we shall continue to strive to enhance QIC presence in the region and across key global markets.”
He further added, “This award inspires us in our mission to be ranked amongst the top insurance companies in the world. We will continue to exceed expectations of our customers and ensure sustainable returns for our shareholders.”
Mr. Khalifa has played an instrumental role in shaping and enhancing the insurance industry standards in the MENA region. With his passion and commitment towards the insurance industry, he has been actively promoting the value of quality insurance amongst the greater community, which is his way of giving back to the society.
Mr. Khalifa is the also the first Arab to become a member of The Geneva Association –an international insurance think tank comprising chief executive officers from the world’s top insurance and reinsurance companies.