Qatar Insurance Company QSPC - Company Profile
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Qatar Insurance Company QSPC (QIC) is a composite insurer with a global underwriting footprint. The company engages in providing a wide range of insurance and reinsurance services. Its major products include personal insurances such as car, home, travel, and boat insurance, as well as commercial insurances covering energy, marine and aviation, property, and medical sectors. QIC is associated with a diverse portfolio of risk management solutions. The company's services cater to individual and commercial clients across various industries, ensuring comprehensive coverage and financial protection. QIC operates through branch offices and a distribution network that enhances its service delivery. The company has a presence in multiple regions, including the Middle East, Europe, and Asia, with operations in countries such as the UAE, the UK, and Singapore. QIC is headquartered in Doha, Qatar.
Headquarters
Qatar
Address
Tamin Street, West Bay, P.O.Box 666, Doha
Website
qic-group.com
Telephone
974 449 62222
No of Employees
1,073
Industry
Financial Services
Ticker Symbol & Exchange
QATI (DOH)
Revenue (2024)
$2.2B
4.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
9%
(2024 vs 2023)
Market Cap*
$1.8B
Net Profit Margin (2024)
XYZ
4.1%
(2024 vs 2023)
* As of and is in US$
Qatar Insurance Company QSPC premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Personal Insurance: | Claims Services |
| Home Insurance | Real Estate |
| Car Insurance | Investment Management Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | New Products/Services | In May, the company launched its new personal cyber insurance. |
| 2025 | New Products/Services | In May, the company introduced its Coins loyalty program to allow new and existing customers to earn and redeem loyalty points. |
| 2025 | Contracts/Agreements | In March, the company entered into a memorandum of understanding with Alfardan Automotive to promote digital customer experiences for car owners and drivers in Qatar. |
Competitor Comparison
| Key Parameters | Qatar Insurance Company QSPC | Doha Insurance Group QPSC | Qatar General Insurance and Reinsurance Co QPSC | Qatar Islamic Insurance Group QPSC | Al Khaleej Takaful Group QSC |
|---|---|---|---|---|---|
| Headquarters | Qatar | Qatar | Qatar | Qatar | Qatar |
| City | Doha | Doha | Doha | Doha | Doha |
| No. of Employees | 1,073 | - | 209 | - | - |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ahmed Al Jarboey | Chief Operating Officer | Senior Management | - | - |
| Mark Graham | Chief Risk Officer - Group | Senior Management | 2016 | - |
| Chirag Doshi | Chief Investment Officer - Group | Senior Management | - | - |
| Salem Khalaf Al Mannai | Chief Executive Officer - Group | Senior Management | - | - |
| Varghese David | Chief Financial Officer - Group | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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