KQIC is a publicly-listed composite insurer with an operating history of over 50 years and which, together with its affiliates, has a global (re)insurance underwriting footprint including a presence in the Lloyd’s insurance market. Founded in 1964, KQIC was the first domestic insurance company in the State of Qatar. Today, KQIC is the dominant insurer in Qatar with a significant share of its domestic market and also has significant operations in other Gulf countries; namely, UAE, Kuwait and Oman. KQIC is the largest insurance company in the Middle East North Africa region by gross premiums, profitability and market capitalisation. KQIC is the ninth largest non-life insurance company in the Asia Pacific region by market capitalization (US$ 4.9 billion as at 25 May 2015). KQIC is one of the highest rated insurers in the Gulf region with a rating of A/Stable from Standard & Poor’s and A (Excellent) from A.M. Best.
The KQIC Group has a strong reputation in the global (re)insurance industry and excellent relationships with a wide range of insurance and reinsurance brokers. Through its wholly-owned subsidiary Qatar Reinsurance Company LLC (“Qatar Re”), KQIC Group has pursued a plan of prudent expansion with the goal of becoming a leading global reinsurer writing all major property, casualty and specialty lines of business.
KQIC provides a comprehensive range of insurance products, which are segmented under the following business lines:
a) Energy, Marine and Aviation: This includes energy, marine cargo, marine hull and aviation classes
b) Corporate: This includes property, engineering, pecuniary, liability, employee benefits and miscellaneous specialty classes.
c) Personal Lines: This includes medical, motor, travel care and home owner insurance
• Please be advised that Kuwait Qatar Insurance Company has stopped selling insurance for Cebu Pacific flights exiting Kuwait effective June 15, 2017.