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Tribune News Network
Doha
Qatar Insurance Company (QIC), the leading insurer in the MENA region, has yet again been conferred the number one position by balance sheet (assets in 2016) and shareholders' equity (in 2016) by Al Bayan magazine.
Al Bayan, which ranks insurance companies based on financial results, placed Qatar Insurance at the top position among 150 insurance companies operating out of the MENA region, a press statement said on Tuesday.
QIC President and CEO Khalifa Abdulla Turki al Subaey said,"We are pleased to be ranked first among eminent industry players in the MENA region. Following a well thought out strategy of diversification, today QIC has transformed into a leading insurance group and has expanded its presence not only in the MENA, but also across key international markets."
He further said,"The top ranking of QIC is testament to the commendable achievements that have been accomplished through the dedication and commitment of the employees of the group. Aligning with the Qatar National Vision 2030, we will continue to forge ahead on our mission to showcase QIC among the 50 top global insurance companies."
Founded in 1964, QIC was the first domestic insurance company in Qatar.
