Financial highlights: H1 2026 (six months ended 30 June 2026)

• Insurance revenue: QAR 4.8 billion, up 15 % year on year
• Gross Written Premium: QAR 5.9 billion, up 4.3 % year on year
• Insurance service result: QAR 202 million, down 8.4 % year on year, reflecting the regional geopolitical conflict.
• Investment income QAR 477 million. up 2.8 % year on year
• Investment yield: 5.3 %
• Net profit: QAR 365 million, down 4.8 % year on year
• Net profit attributable to QIC shareholders QAR 354 million down 5.4 % year on year
• Earnings per share: QAR 0.076

Opening

Qatar Insurance (QIC), the leading insurer in Qatar and one of the largest across the Middle East and North Africa, reported a resilient performance for the first half of 2026, with net profit of QAR 365 million. QIC absorbed the impact of an exceptional regional geopolitical conflict, an event without recent precedent for the sector, while holding earnings broadly in line with the prior-year period. The outcome reflects the strength and diversification of QIC’s underwriting portfolio, the quality of its balance sheet and reserves, and a disciplined risk-management framework built to withstand precisely this kind of shock. Double-digit growth in insurance revenue, up 15 % to QAR 4.8 billion, together with continued premium growth and higher investment income, up 2.8 % to QAR 477 million, more than offset the pressure the conflict placed on the insurance service result, underlining the resilience of the QIC’s diversified earnings base.

The insurance service result moderated to QAR 202 million, carrying the effect of claims and reserving associated with the conflict, while disciplined growth across QIC’s core markets supported the top line. Net profit attributable to QIC shareholders was QAR 354 million.

Leadership commentary

Sheikh Hamad bin Faisal Al Thani, Chairman of the Board, said: “These results reflect the strength and resilience that define QIC. Even against this exceptional event, QIC has safeguarded shareholder value, maintained a strong capital position, and stayed the course on its strategic priorities. The Board is confident that QIC’s diversified franchise, prudent risk management and clear strategy will continue to deliver long-term value for our shareholders.”

Salem Al Mannai, Group Chief Executive Officer, said: “The first half of 2026 tested our sector with an exceptional geopolitical event, and Qatar Insurance faced it from a position of operational strength. Disciplined underwriting and a high-quality investment portfolio enabled us to absorb the impact on our insurance service result, while continuing to grow insurance revenue and gross written premiums, and increasing investment income. We maintain strong and sufficient reserves in line with actuarial estimates.”

He affirmed that: “QIC enjoys strong capital solvency and is moving forward with executing our strategic priorities according to plan, including continuing to expand our digital ecosystem and international franchise. Our focus is unchanged: underwriting quality and the profitability of our book through the cycle.”

Financial performance review

Top line. Insurance revenue rose 15 % to QAR 4.8 billion in H1 2026, reflecting the earned growth of QIC’s in-force portfolio. Gross written premium, a measure of underwriting volume, increased 4.3 % to QAR 5.9 billion, underpinned by selective growth across QIC’s domestic, regional and international portfolios, achieved while maintaining underwriting discipline in a softening global reinsurance market.

Underwriting. The insurance service result was QAR 202 million, down 8.4 % on the prior year period. The reduction reflects claims and reserving related to the regional geopolitical conflict, discussed separately below.

Investments. Investment income rose 2.8 % to QAR 477 million, supported by QIC’s positioning through a period of shifting global rates. The investment yield was 5.3 %.

Profitability. Net profit was QAR 365 million and net profit attributable to QIC shareholders was QAR 354 million, each modestly below the prior-year period, as the conflict-related pressure on underwriting outweighed the gains in premium and investment income. Earnings per share were QAR 0.076.

Impact of the regional geopolitical conflict

QIC’s insurance service result for the period reflected the escalation of the conflict involving the United States and Iran, one of the most significant events for the insurance market in the period. The impact was concentrated in QIC’s international operations, arising principally on specialty lines written in the international markets, including war, terrorism and political violence cover and related marine classes. QIC has strengthened reserves. Consistent with peers across the market, which have similarly reinforced reserves for the conflict, ultimate losses remain subject to uncertainty as claims develop, and QIC continues to monitor the situation closely. Excluding this event, QIC’s underlying underwriting performance remained resilient.

Capital and solvency

QIC maintained a strong capital and solvency position through the first half. QIC’s capital strength continues to support its financial-strength ratings and its capacity to underwrite through periods of elevated geopolitical and market uncertainty.

Business and strategic highlights

QIC’s brand and franchise strength was recognised externally during the period. Brand Finance upgraded QIC’s brand rating to AA- from A- in its 2026 report, citing QIC’s underwriting performance, disciplined portfolio management, growth across core regional and international markets, and its focus on digital innovation and ESG. QIC again ranked among Qatar’s Top 10 most valuable and strongest brands and remains the only insurer in that ranking.

QIC continued to extend its digital ecosystem. During the half, QIC expanded its QIC App with new travel solutions, including the conversion of loyalty “Coins” into Qatar Airways Privilege Club Avios, the ability to use Coins toward travel-insurance premiums, and new Hotels and Calendar features, alongside a partnership with Ooredoo to provide complimentary eSIMs to buyers of Mandatory Visitors’ Health Insurance. QIC’s “Coins” loyalty programme surpassed 300 million points earned in its first year. QIC was named “Digital Insurer of the Year” and won “Best Insurance App” in the Qatar accolades at The Asset Triple A Digital Finance Awards 2026.

Reflecting its investment in national talent and its AI strategy, QIC launched its first AI summer internship programme for university students, a first-of-its-kind initiative in the regional insurance sector. QIC was also named “Insurer of the Year” for the Middle East and North Africa at the MENA II Awards 2026.

Operating environment

QIC delivered its first-half result against a mixed global backdrop. Global reinsurance pricing continued to soften across most lines through the January and mid-year renewals, as record traditional and alternative capital outweighed demand, while war-exposed specialty lines hardened sharply following the regional geopolitical conflict. Regulators across the GCC continued to modernise the sector and Kuwait introducing minimum financial-strength rating requirements. This shift toward stronger capital and rating standards plays to the strengths of well-capitalised, highly rated insurers such as QIC wherever they compete. The interest-rate backdrop remained broadly stable, with major central banks holding or modestly tightening policy over the period.

Outlook

QIC enters the second half of 2026 with capital and balance sheet strength intact and continued momentum in its premium base and digital franchise. While QIC remains alert to the course of the regional geopolitical conflict and to softening reinsurance conditions, its underwriting discipline, diversified portfolio and capital strength position it to continue creating value for shareholders and customers.

About Qatar Insurance (QIC)

Qatar Insurance (QIC) is a leading insurer in Qatar and one of the largest insurers in the Middle East and North Africa, providing a broad range of insurance and reinsurance solutions across personal, commercial and specialty lines. Founded in 1964 and listed on the Qatar Stock Exchange (ticker: QATI), QIC serves customers in Qatar and international markets through its subsidiaries and branches.

Arabic

The post Qatar Insurance (QIC) delivers resilient net profit of QAR 365 million in H1 2026, absorbing the impact of the regional geopolitical conflict as revenue growth and higher investment income underpin the result. appeared first on Qatar Insurance Group.

Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has been awarded the “Digital Insurance Initiative of the Year in Qatar” title at the Insurance Asia Awards 2026.

This accolade recognizes QIC’s success in expanding its digital ecosystem, which stands as the MENA region’s first ecosystem to offer both insurance products and everyday lifestyle services through a single interface.

This year, QIC significantly scaled its ecosystem to cover a wider range of daily needs, incorporating an integrated car marketplace, vehicle care solutions, hotel and event bookings, loyalty rewards and more. Alongside this growth, QIC broadened its network of partners and service providers within its ecosystem, giving customers more choices and experiences tailored to their needs.

Consequently, QIC’s digital ecosystem has emerged as one of the region’s fastest-growing financial services platforms in terms of both user base and service offerings, and now ranks among the highest-rated platforms with an outstanding 4.8 score on both App Store and Google Play.

Commenting on this milestone, Mr. Salem Al Mannai, Group CEO of QIC, stated: “We are honored to have our ecosystem recognized among the best digital initiatives within the Asian insurance sector. This recognition is a strong testament to the success of our strategy and our ongoing efforts to elevate our customers’ experiences by investing in best-in-class digital solutions, and a reaffirmation of QIC’s position as an innovation hub in the region.”

Al Mannai added: “Establishing the MENA region’s first digital ecosystem integrating insurance and lifestyle services is a direct extension of our commitment to the Qatar National Vision 2030 and Qatar Central Bank’s Third Financial Sector Strategic Plan. This commitment continues to drive our ambition to redefine digital services and deliver seamless solutions built on efficiency and convenience.”

Insurance Asia is a Singapore-based magazine specializing in the insurance sector and is widely recognized for its comprehensive coverage of industry news and analysis, as well as exclusive interviews with key decision-makers. Its Insurance Asia Awards are among the continent’s most prestigious industry programs, celebrating companies that have achieved exceptional milestones and driven innovation, setting new benchmarks for excellence across Asia. Winners are selected by an independent judging panel of international experts in digital transformation, financial advisory, and auditing, ensuring transparency and objectivity.

For more information about QIC, please visit qic.online

Arabic

The post QIC’s Digital Ecosystem Named Initiative of the Year in Qatar at the Insurance Asia Awards appeared first on Qatar Insurance Group.

Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has announced the launch of its inaugural AI summer internship program for university students, introduced as part of the company’s commitment to nurturing national talent and equipping the next generation with advanced capabilities in one of the fastest-growing and most transformative tech disciplines.

Following a highly competitive selection process involving hundreds of applications, students were admitted to the program based on their academic achievements, the strength of their internship project proposals, and their performance in interviews with the admissions committee. Over the next eight weeks, the interns representing four universities will participate in intensive training sessions on agentic AI tools and vibe coding, led by expert mentors from across QIC’s business units. They will also have the opportunity to translate their ideas into functional solutions using these AI approaches.

Upon the program’s completion, high-potential projects will be evaluated and selected for user testing within QIC’s digital ecosystem. The most impactful solutions may be further developed and integrated into QIC’s platforms as live services, supporting the company’s strategy to expand its tech offerings across local and regional markets.

Commenting on the initiative, Mr. Salem Al Mannai, Group CEO of QIC, said: “We take pride in QIC’s position as a national leader in developing and delivering AI-driven solutions, and in our success in leveraging these technologies to establish the MENA’s first all-in-one digital ecosystem integrating insurance with everyday lifestyle services. One of the most critical needs in the regional AI landscape is the adoption of approaches tailored to the unique characteristics of our region and its markets, rather than simply following global trends. This will be a central focus throughout the program, as we leverage our expertise to empower a new generation of changemakers for the evolving digital services landscape.”

He added: “I wish all participating students a productive journey with us this summer, and I am confident that this program will serve as a formative launchpad for their professional careers, equipping them with the foundations to become future leaders who can strengthen Qatar’s position as a regional hub for AI innovation.”

As a first-of-its-kind initiative within the insurance sector  in the region, the program is a direct extension of QIC’s digital and AI strategy, which leverages artificial intelligence to enhance customer experience while driving operational efficiency. With AI adoption accelerating across the financial and broader business sectors, QIC has established dedicated internal research and development units focused on building proprietary AI solutions tailored to its operational needs and growth plans. As a result, QIC now delivers personalized customer experiences with significantly faster turnaround times. This shift to AI-powered processes has also accelerated the launch of new digital solutions within QIC’s ecosystem, which has become one of Qatar’s fastest-growing digital ecosystems in terms of both user base and service offerings.

For more information about QIC, visit qic.online

Arabic

The post QIC Rolls Out First AI Internship Program for University Students appeared first on Qatar Insurance Group.

As part of this update, QIC customers can now convert their loyalty Coins into Avios, the loyalty rewards currency of Qatar Airways Privilege Club, through QIC App. The converted points can be redeemed across a wide range of travel services, including flight bookings, travel class upgrades, and purchases at Qatar Duty Free, with access to a global network spanning more than 150 destinations with Qatar Airways and its partners.

Furthermore, customers can use their Coins to partially pay for their outbound travel insurance premiums. By combining Coins with other electronic payment options available on QIC App, travelers benefit from greater flexibility and choice in securing suitable coverage, bringing peace of mind while traveling abroad.

Commenting on these enhancements, Mr. Salem Al Mannai, Group CEO of QIC, said: “One of the main characteristics of our digital strategy over the past few years has been evolving from focusing exclusively on core insurance products to expanding into non-insurance digital services for everyday life. The enhancements that we are announcing today reflect this vision and our ongoing efforts to offer travelers a comprehensive set of services that help them travel better with our all-in-one digital ecosystem.”

To make travel smoother, QIC has launched the Hotels feature through QIC App, eliminating the need to navigate multiple platforms and providing a streamlined experience that combines ease of use with competitive rates. In partnership with leading service providers and top hospitality venues, the service offers a wide range of options and deals to suit every budget, all while maintaining high standards of service and hospitality.

Further expanding its digital travel offering, QIC has also launched the Calendar feature on its mobile application; an all-in-one gateway that lets visitors and residents of Qatar browse events taking place throughout the year. The feature makes it easy for travelers to plan a more exciting stay by exploring events taking place during their time in Doha, and selecting those of interest through a single interface.

To improve the experience of international visitors, QIC has partnered with Ooredoo to offer complimentary eSIMs to all travelers who purchase Mandatory Visitors’ Health Insurance through QIC’s digital platforms. Upon completing their purchase, customers receive a dedicated activation link that enables them to download and set up their eSIM before arriving in Qatar, ensuring seamless connectivity and easy communication with family and friends.

Al Mannai added: “QIC is committed to continuously redefining digital services at both local and regional levels. We look forward to further enhancing our platform with innovative offerings that elevate the user journey, empowering customers with greater control over their daily lives and delivering a truly digital experience defined by efficiency and convenience.”

It is worth noting that QIC provides a wide range of insurance packages covering global destinations. These include the “Worldwide Travel” package, which covers medical emergencies, flight delays, baggage and passport loss around the world, including the United States and Canada. For travelers heading to Schengen countries, QIC provides the “Fly Europe” package (Schengen Visa Travel Insurance), which includes medical coverage of up to USD 50,000, making it a compliant and widely accepted option for visa requirements.

International visitors traveling to Qatar are offered the fastest platform to obtain a mandatory health insurance policy in less than two minutes, with premiums starting from QAR 50, providing financial protection against emergency medical expenses during their stay.

For more information about QIC, visit qic.online. To download QIC App, visit app.qic.online

Arabic

The post QIC Expands Its Digital Ecosystem with New Travel Solutions appeared first on Qatar Insurance Group.

Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has retained its position among Qatar’s strongest brands, once again securing a place in Brand Finance’s 2026 ranking of the Top 10 Most Valuable and Strongest Qatari Brands. QIC also remains the only insurer included in this prestigious ranking, further reinforcing its leadership position within the industry.

Brand Finance has upgraded QIC’s brand rating to AA- up from A- in the previous year’s report, reflecting the company’s sustained growth and strong performance over the past 12 months. The global brand valuation consultancy attributed this improvement to QIC’s strong underwriting performance, disciplined portfolio management, growth across its core regional and international markets, as well as its continued focus on digital innovation and ESG leadership.

Commenting on this achievement, Mr. Salem Al Mannai, Group CEO of QIC, said, “We are proud to be recognised once again among Qatar’s top 10 strongest and most valuable brands. This achievement underscores QIC’s pivotal role within the national economy and reflects our success in reinforcing our position as a national champion that combines growth and digital innovation with a transformative approach to ESG leadership.”

Al Mannai added, “Since its founding in 1964, QIC has built an enduring legacy of trust and credibility, establishing itself as one of the most deeply rooted and widely respected brands across all segments of society in Qatar, and among the most trusted entities across the broader region. Building on this legacy, QIC remains committed to being a model national company that places customers and their experiences at the centre of everything it does, while continuously investing in best-in-class digital services and innovative insurance solutions that enable our customers to live with greater confidence and peace of mind.”

Brand Finance rankings are published annually and highlight the strongest brands across regions and global markets. The rankings are based on a comprehensive analytical framework that assesses financial performance, sustainability, market impact, as well as stakeholder perceptions and customer behaviour toward brands.

Earlier this year, QIC was named “Insurer of the Year” in the region at the MENA II Awards. The company was also awarded “Motor Insurer of the Year” in the region, and “Insurer of the Year” in Qatar for the fifth consecutive year. In addition, QIC was recognised as “Digital Insurer of the Year in Qatar” and received the “Best Insurance App in Qatar” title at The Asset Triple A Digital Finance Awards.

For more information about QIC, please visit qic.online

Arabic

The post QIC Retains Position in Top 10 Strongest Qatari Brands Ranking by Brand Finance appeared first on Qatar Insurance Group.

Q1 2026 Highlights

• QIC delivered stable financial results despite a turbulent first quarter marked by geopolitical tensions and the conflict in the Middle East.
• Gross Written Premiums (GWP) totalled QAR 3.2 billion, up by 13% year-on-year.
• QIC reports an Insurance Service Result of QAR 130 million, a significant increase of 70% year-on-year.
• Net profit reached QAR 217 million, up by 6% year-on-year.
• Investment Income amounted to QAR 238 million, a 10% year-on-year increase.

Qatar Insurance (QIC) the leading insurer in Qatar and the Middle East and North Africa (MENA) region, today reported a Net Profit of QAR 217 million for the first quarter of 2026, a change of 6% from QAR 205 million for the same period in 2025. Following a meeting of the Board of Directors dated 30 April 2026, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results.

Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC’s financial results in Q1 2026 confirm the resilience of QIC and its strategic direction. In a turbulent first quarter marked by the conflict in the Middle East and the closure of the Strait of Hormuz. QIC’s underwriting portfolio continued to generate consistent, stable and reliable returns due to the QIC’s robust diversification strategy of balancing our strong growth business generated in Qatar and the MENA region, with income from our international operations and our investment portfolio, which once again provided a strong contribution to QIC’s results in highly volatile financial markets. Our operations, particularly in Qatar and the MENA region, once again successfully served our policyholders, uninterrupted, in a challenging environment, benefiting from our advanced digital transformation and ecosystems. In addition, AM Best and Standard & Poor’s both affirmed their A- financial strengths ratings for QIC with stable outlook, emphasising the strength of QIC’s balance sheet and our well-diversified business profile.”

Mr. Salem Al Mannai, Chief Executive Officer of QIC Group, said, “While the year started promising with declining inflation and strengthening growth, the open conflict between the USA, Israel and Iran and the closure of the Strait of Hormuz reversed these developments, severely affecting and threatening peoples’ life and business across the MENA region, Qatar, as well as the global economy.”

Mr. Mannai added, “Despite this challenging first quarter, QIC further expanded its products and services in Qatar, the MENA region with our presence in Dubai, Oman and Kuwait, and internationally through our Antares Lloyds Syndicate along with operations in Bermuda, Europe and Asia Pacific. Whilst already benefiting from our regional spread, we further built our diversification and strengthened our resilience through a well-balanced product portfolio, generating attractive growth and returns with our personal non-life, life and medical book, and our commercial lines business in Qatar and the MENA region , and internationally in marine and other speciality lines through our reinsurance book. QIC further strengthened its investments in technology, particularly during this period of uncertainty and disruption. Our pioneering role in insurtech and fintech, along with our award-winning app for motorists, has proven invaluable in maintaining seamless services for our customers.”

Mr. Mannai continued: “In Q1 2026, QIC has again been recognised as Insurer of the Year in Qatar by the prestigious MENA II Awards. In addition, QIC has been named “Digital Insurer of the Year in Qatar” and received the award for the “Best Insurance App in Qatar” at The Asset Triple A Digital Finance Awards 2026, applauding our efforts to transform the insurance and digital services landscape in Qatar and for launching our all-in-one digital ecosystem, which offers insurance and non-insurance services on a single platform.”

A challenging first quarter required a revision of our assumptions for 2026. Following the outbreak of conflict in the Middle East and the disruption of trade flows and energy supply due to the closure of the Strait of Hormuz, volatility increased once again, with growth expected to slow and inflation projected to rise. According to the IMF’s April 2026 projections, the MENA region is forecast to grow by 1.4% in 2026, down from the 3.7% growth expected for the full year as of October 2025. At the same time, inflation is expected to increase again, although its impact across the MENA region varies significantly, with oil and LNG-exporting countries experiencing a more limited effect compared to oil and LNG-importing economies, where the impact is expected to be more severe.

The global insurance markets started 2026 on a positive note. Competitive pressure intensified further in both the primary insurance and reinsurance markets, as well as in retrocession, with risk capacity widely available following the hard market years marked by tighter conditions and lower-than-average losses from natural catastrophes in 2025. QIC benefited from these market conditions in both international and regional markets. In personal and commercial insurance, QIC experienced improved reinsurance pricing and more flexible terms, while in reinsurance and international markets, the low loss environment and the favorable conditions established in prior years supported sustainable margins into 2026.

In the second part of Q1 2026, the market conditions changed dramatically with the onset of the Middle East conflict. Across the region, demand weakened, first affecting highly exposed specialty lines, including marine and aviation, as well as tourism-related activities. In addition, consumption is also seen to contract in motor insurance and some property lines as consumers cut back on spending. Despite the ongoing challenges, overall in Q1 2026, QIC generated 56% of QIC’s GWPs in its domestic and MENA operations, with 44% stemming from its international business.

QIC continues to pursue its priorities of strategically enhancing its current well balanced and diversified risk profile with disciplined growth coupled with strong underwriting performance in select lines of business. With a digital edge over its peers, QIC continues to invest in and expand its award-winning personal lines business in the MENA region. This segment also demonstrated its robustness during the first quarter, as consumers reduced their movements and increasingly relied on the fully digitized ecosystem offered by QIC’s all-in-one app.

For Q1 2026 QIC reported an Insurance Service Result of QAR 130 million, a significant increase of 70% year-on-year.

QIC’s well diversified investment portfolio again proved its merits and resilience in Q1 2026. In an exceptionally volatile market environment, QIC’s high-quality book generated solid investment income of QAR 238 million, compared to QAR 216 million for the period in the prior year. The Return on Investment for Q1 2026 came in at 5.3%, compared to 4.9% in Q1 2025. The book, which is mainly composed of a stable and conservative combination of bonds, cash, equities and real estate, amounted to Assets under Management of QAR 18 billion on 31 March 2026, up from QAR 17.7 billion at the end of Q1 2025.

QIC achieved a Net Profit for Q1 2026 of QAR 217 million, representing a 6% year-on-year increase. Net Profit Attributable to Shareholders of the Parent amounted to QAR 205 million. Earnings per Share for the period were QAR 0.030.

On 29 January 2026, and 25 March 2026, respectively, AM Best and S&P Global Ratings affirmed QIC’s A- financial strength rating, with stable outlooks.

From 1 to 4 February 2026, QIC’s Diamond Sponsorship of the Web Summit Qatar 2026 attracted a record number of tech leaders to its pavilion and generating significant interest in its vision for the future of digital services in the region. Participating for the third time in the largest global tech event hosted in Doha, tens of thousands of visitors explored QIC’s strategy to establish the region’s first insurance-powered digital ecosystem and learned about the company’s evolution from a leading insurer into a fully integrated digital ecosystem for everyday life.

QIC’s pavilion hosted more than 20 seminars and panel discussions featuring 50 speakers, including company executives and leading regional and global experts. The sessions highlighted current and future trends in innovation and investment in digital services in Qatar, the MENA region, and globally. During the Summit, QIC signed 14 strategic agreements and memoranda of understanding with prominent national and international corporations. These partnerships focused on accelerating the adoption of AI-powered solutions across financial institutions in Qatar, leveraging QIC’s expertise in developing new FinTech and InsurTech solutions, and fostering national talent in these fields.

Also in February, QIC supported as Diamond Sponsor the 2026 Marsh Energy Industry Summit, held under the theme “Resilience in a Volatile World,” in Doha, convening senior leaders from across the energy value chain, alongside experts in insurance, risk advisory, and strategic consulting from Qatar and the wider region. The summit provided a high-level platform to examine the structural shifts reshaping the global energy landscape — from geopolitical realignments and macroeconomic uncertainty to cyber threats, supply chain vulnerabilities, and accelerating technological transformation.

In his keynote opening address, H.E. Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of Qatar Insurance, emphasized that volatility is no longer cyclical but structural, requiring institutions to embed resilience at the core of strategy, governance, and capital allocation. His Excellency highlighted that resilience today is not reactive, but deliberate, built on long-term planning, cross-sector integration, and trust among market participants  and called for deeper collaboration among energy leaders, policymakers, financial institutions, insurers, and technology partners to collectively address systemic risks and reinforce investor confidence in an increasingly complex global environment.

In Q1 2026 the string of awards recognising QIC for its outstanding accomplishments continued. For the fifth consecutive year, QIC was crowned “Insurer of the Year” in the region by the prestigious MENA II Awards, organised by the Intelligent Insurer. In addition, the company was acknowledged “Motor Insurer of the Year” in the region. The awards are testament to the success of QIC’s strategy, the uniqueness of its vision, and its leadership position as an innovation hub in the region. Moreover, they highlight QIC’s leading role in reshaping the insurance landscape across the MENA region.

Also, in Q1 2026 QIC received the accolade as “Digital Insurer of the Year in Qatar” and as “Best Insurance App in Qatar” at The Asset Triple A Digital Finance Awards 2026, recognising QIC’s achievements in redefining the insurance and digital services landscape in Qatar, by building the first all-in-one digital ecosystem that combines both insurance and non-insurance daily services on a single platform.

QIC was honoured to sponsor this year’s Toyota GR Yaris Cup Qatar, the car racing championship organized by Al Abdulghani Motors, which took place from 30 January to 18 April at Lusail International Circuit. Conducted over four thrilling rounds, QIC joined the championship with its own branded car, driven by Qatari racing driver Khalid Al Maraghi, the car featured QIC App branding elements and bore the number 1, reflecting the app’s pioneering position as Qatar’s first platform offering both insurance and non-insurance services, enabling customers to cover a wide range of their daily needs digitally on a single interface.

Arabic

The post QIC reports 6% growth in Net Profit to QAR 217 million in Q1 2026 appeared first on Qatar Insurance Group.

Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, announced that its “Coins” loyalty rewards program has surpassed 300 million points earned, marking a significant milestone achieved within just one year of its launch.

Active membership in the program exceeded 60,000 members during its first 12 months, reflecting the strong trust it has earned among QIC customers, as well as the value it delivers in enhancing their experience across the company’s digital platforms and insurance offerings.

Since its launch in early May 2025, QIC’s Coins loyalty program has successfully redefined the insurance experience in Qatar by transforming everyday transactions into rewarding interactions. Customers are able to earn and redeem Coins throughout their journey with Qatar’s largest and longest-established insurer. The experience begins with welcome Coins upon account creation on QIC App and extends to purchasing and renewing insurance policies, as well as booking a range of non-insurance services for daily life available through the application.

Over its first year, the program focused on expanding its partner ecosystem and diversifying redemption options. It successfully established new partnerships and significantly broadened the range of available redemption choices within a few months. Today, these options span dozens of institutions and companies, including travel agencies, car care centers, hotels, fitness centers, entertainment venues, electronics retailers, and more.

In terms of redemption activity, travel services ranked as the most popular choice among program members during the first year, followed by fuel vouchers in second place, and at-home car wash services in third.

Commenting on the program’s first anniversary, Salem Al Mannai, Group CEO of QIC, said: “The Coins loyalty program was established as a testament to our commitment to rewarding the trust our customers place in QIC. It has rapidly gained significant momentum among both clients and partners, a success clearly evidenced by robust membership growth, high engagement in earning and redemption, and the strategic expansion of our partner ecosystem. Looking ahead, we remain dedicated to evolving the program by diversifying redemption opportunities across lifestyle, travel, and mobility sectors, while delivering increasingly personalized experiences tailored to the unique needs of every member.”

It is worth noting that QIC’s success in delivering an integrated customer experience, combining exclusive insurance products, innovative digital solutions, and its Coins loyalty program, has earned it the title of “Insurer of the Year” in the region at the MENA II Awards 2026. The company has also been named “Motor Insurer of the Year” in the region, in addition to winning the “Insurer of the Year” in Qatar title for the fifth consecutive year.

For more information about QIC, please visit qic.online. To download QIC app and get your welcome Coins, please visit app.qic.online

Arabic

The post QIC’s “Coins” Loyalty Program Surpasses 300 Million Points Earned in Its First Year appeared first on Qatar Insurance Group.

Qatar Insurance (QIC), the leading insurer in Qatar and the MENA region, has been named “Digital Insurer of the Year in Qatar” and “Best Insurance App in Qatar” at The Asset Triple A Digital Finance Awards 2026.

This recognition highlights QIC’s key role in redefining the insurance and digital services landscape in Qatar, by building the first all-in-one digital ecosystem that combines both insurance and non-insurance daily services on a single platform.

Commenting on this achievement, Mr. Salem Al Mannai, Group CEO of QIC, said: “Winning these two prestigious accolades underscores the excellence of our digital strategy and our success in developing a fully integrated ecosystem that extends beyond insurance, supporting multiple facets of everyday life. QIC App has become one of the fastest-growing digital platforms in Qatar and an integral part of many customers’ daily lives, particularly following our success in recent months in doubling the number of features and services available, making it more responsive to users’ needs. QIC remains committed to continuously investing in the design and launch of innovative solutions, and we aspire to remain at the forefront of delivering solutions that meet customer needs and enhance the quality of digital services both locally and regionally.”

QIC App is Qatar’s first and only 360-degree platform offering both insurance and non-insurance services, enabling customers to manage a wide range of daily needs digitally through a single interface. Launched in line with QIC’s vision to build the region’s first insurance-powered digital ecosystem, the app represents a major shift in Qatar’s insurance and digital landscapes by transforming traditional insurance services into a seamless, comprehensive digital journey tailored to users’ needs.

The app’s innovation and impact have been recognized with multiple prestigious accolades, including The Innovators Award by Global Finance in 2025. QIC App was also named Most Innovative Mobile App in Qatar at the Middle East Technology Excellence Awards 2025, Best Insurance App in Qatar at the Global Brands Magazine Awards 2025, and Mobile App of the Year in Qatar at the Insurance Asia Awards 2024.

The Asset is a widely recognized business news and research organization, providing independent coverage of Asia’s financial industry. Recognized as one of the most esteemed awards programs in the financial sector, The Asset Triple A Awards have, for more than 25 years, set the benchmark for excellence and leadership, and are renowned for their strict and meticulous judging process in selecting winners across all categories.

For more information about QIC, visit qic.online. To download QIC App, visit app.qic.online.

Arabic

The post QIC Wins “Digital Insurer of the Year” and “Best Insurance App” in Qatar Accolades at The Asset Triple A Digital Finance Awards 2026 appeared first on Qatar Insurance Group.

Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, held its Annual General Assembly (AGM) and Extraordinary General Assembly (EGM) meetings on Thursday, 12 March 2026, virtually via Microsoft Teams. The meetings were chaired by His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani, Chairman of the Board of Directors of Qatar Insurance, and were attended and participated in by members of the Board, executive management, shareholders, and representatives of regulatory authorities.

During the AGM, shareholders reviewed and approved the Board of Directors’ report on the Company’s activities and financial position for the financial year ended 31 December 2025, as well as the Company’s future strategic plans. The Assembly also approved the company’s consolidated financial statements for 2025, including the balance sheet and profit and loss account, following the presentation of the external auditors’ report.

Qatar Insurance delivered strong financial results in 2025, with net profit before Pillar Two taxes reaching QAR 874 million, a 19% year-on-year increase. Net profit attributable to shareholders amounted to QAR 791 million, while Gross Written Premiums reached QAR 9.9 billion. The company reported an Insurance Service Result of QAR 506 million, and investment and other income totaled QAR 993 million. Earnings per share increased to QAR 0.188 from QAR 0.171 in 2024.

“The 2025 results reflect the Company’s strong financial position and the success of its strategy in achieving sustainable growth despite global economic challenges. Qatar Insurance continues to strengthen its presence in key markets while maintaining a balanced and diversified portfolio, supporting the creation of long-term shareholder value.”

“These results underscore the Group’s continued progress in executing its strategy across domestic, regional, and international markets. We remain focused on innovation, digital transformation, and enhancing customer experience to support the Company’s future growth opportunities.”

The AGM approved the distribution of a cash dividend of 11% of the nominal value per share, equivalent to QAR 0.11 per share, for the financial year ended 31 December 2025. The Company confirmed that the approved dividend will be transferred to Edaa for distribution to eligible shareholders and invited shareholders to contact Edaa for any clarifications regarding the dividend distribution.

Shareholders also approved all transactions with related parties carried out by the Company during the financial year 2025. The Assembly approved the Corporate Governance Report for 2025 and reviewed and approved both the Remuneration Policy and the Related Party Policy for 2026.

The AGM approved the discharge of the members of the Board of Directors from liability for the financial year 2025 and endorsed the remuneration allocated to each Board member for the same year, subject to Qatar Central Bank approval. Shareholders also approved the appointment of the company’s external auditors for the financial year 2026 and their corresponding fees.

Shareholders were briefed on the Company’s progress in digital innovation and product development. In 2025, QIC continued to enhance its digital ecosystem through improvements to the QIC App, including the ability for customers to obtain on-the-spot car insurance for vehicles that pass inspection at Company inspection centers or via the mobile application. The Company also introduced the “Events” feature to browse and purchase tickets for sporting, cultural, and entertainment events in Qatar, while expanding redemption options through its Coins loyalty program via partnerships with leading brands.

QIC also launched two new personal lines products in 2025: Qatar’s first school fees protection insurance and personal cyber insurance, strengthening its consumer offering and supporting its digital-first strategy.

In its role in advancing innovation and industry dialogue in the region, QIC hosted the fourth MENA InsurTech Summit and the inaugural MENA FinTech Summit in Doha in 2025, with more than 1,500 participants, including industry leaders, innovators, and policymakers, discussing the impact of AI and emerging technologies on the insurance and financial services sectors.

Shareholders approved the election of the Board of Directors for a three-year term. His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani was confirmed as a Board member, on behalf of the General Authority for Retirement and Social Insurance (Civil Pension Fund).

The following non-independent Board members were elected:

• Abdulrahman Issa Al Mannai – on behalf of Al Ghariya Real Estate Investment Co.
• H.E. Sheikh Faisal bin Thani bin Faisal Al Thani – on behalf of Brooq Trading Co.
• Sheikh Saud bin Khalid bin Hamad Al Thani – on behalf of Al Dawodiya Holding Co.
• Sheikh Fahad bin Hamad bin Jassim Jabr Al Thani – on behalf of Al Mirqab Capital Co.
• Mr. Ali Hussein Ibrahim Al Fardan – on behalf of Alfardan Investment Co.
• Mr. Ali Yousef Hussein Kamal – in a personal capacity
• Dr. Khalifa Abdullah Hussein Al Naama – in a personal capacity

The following were appointed as reserve members:

• Mr. Abdulaziz Mohammed Hamad Abdullah Al Mana – on behalf of Al Mana Capital Co.
• Mr. Mohammed Jassim Ibrahim Jaidah – on behalf of Al Jaidah Automobiles & Trading Co.

Independent Board members elected by acclamation were:

• Mr. Ibrahim Jassim Al Othman Fakhro
• Sheikh Jabr Abdullah bin Ali bin Jabr Al Thani

Shareholders acknowledged one vacant independent Board seat and authorized the Chairman to take the necessary actions to fill the position in accordance with applicable legislation.

Following the AGM, the EGM approved amendments to the Company’s Articles of Association to ensure compliance with the Corporate Governance System for Listed Companies issued by the Qatar Financial Markets Authority Board (Resolution No. 5 of 2025) and all related laws and regulations, subject to Qatar Central Bank approval. The EGM also authorized the Chairman or his Deputy to individually sign all documents necessary to implement the approved amendments.

Board Leadership Appointments:

Following the confirmation of the Board members, the Board elected His Excellency Sheikh Hamad bin Faisal bin Thani Jassim Al Thani as Chairman and Mr. Abdulrahman Issa Al Mannai as Vice Chairman for the new term.

Arabic

The post Qatar Insurance Company Holds Annual General Assembly and Extraordinary General Assembly Meetings appeared first on Qatar Insurance Group.

Qatar Insurance (QIC), the leading insurer in Qatar and the Middle East and North Africa region, has been crowned “Insurer of the Year” in the region at the MENA II Awards 2026. The company has also been named “Motor Insurer of the Year” in the region, in addition to winning the “Insurer of the Year” in Qatar title for the fifth consecutive year.

This prestigious recognition highlights QIC’s role in reshaping the insurance landscape across the MENA region, and its success in building the region’s first insurance-powered digital ecosystem. In this context, QIC became the first and only company to offer seamless access to both insurance and non-insurance services through a single platform, including all insurance products, mobility, travel, and lifestyle services.

Moreover, QIC has successfully launched several market-first products over the past few months, including Qatar’s first Personal Cyber Insurance, the first School Fees Insurance in Qatar, as well as the “Coins” loyalty program that transformed customers’ insurance transactions into rewarding journeys. These products were a unique addition to QIC’s personal lines portfolio and have allowed everyone in the region to benefit, for the first time, from solid financial protections that cover many aspects of their lives, from domestic living to education and online transactions.

Commenting on this achievement, Mr. Salem Al Mannai, Group CEO of QIC, said: “Being recognized as the best insurer in the MENA region is a strong testament to the success of our strategy, the uniqueness of our vision, and our leadership position as an innovation hub in the region. This achievement is the result of the dedication and hard work of the entire QIC team, and reflects the great trust that millions of customers and partners have placed in QIC for more than six decades. Building on this success, I would like to reiterate our commitment to innovation and to always providing the best services and digital solutions to our customers throughout their journey with us, ensuring they have everything they need to live with confidence and peace of mind.”

The MENA II Awards program is considered the most prestigious and influential program in the insurance sector across the region. It recognizes insurance companies that demonstrate excellence in business strategy, innovation, and customer experience. Winners are selected by a jury comprising chairpersons, CEOs, and industry experts from professional associations, based on rigorous criteria including innovation, product quality, financial performance, growth, and customer satisfaction indicators.

For more information about QIC, visit qic.online

Arabic

The post QIC Crowned “Insurer of the Year” in the Middle East and North Africa at the MENA II Awards 2026 appeared first on Qatar Insurance Group.