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Qatar Insurance Company (QIC)

شركة قطر للتأمين

88Score

★★★★☆4.0

Customer satisfaction · 1.0M members

AM Best: A- (Excellent)(2026)

Qatar Insurance Company is the first domestic insurance company in Qatar (founded 1964), the market leader, and one of the highest-rated insurers in the Gulf region with an AM Best A- rating. Operating in 10 countries, QIC is the parent company of QLM.

Overall Score

88/100

Founded

1964

Headquarters

Doha

Type

private

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Key Metrics

Founded

1964 — first domestic insurer in Qatar

Am Best Rating

A- (Excellent)

Countries

Operates in 10 countries

Listed On

Qatar Stock Exchange

Editorial Ratings

AM Best: A- (Excellent)(2026)

Rating: A- (Excellent) (max: A++)

88AM

Coverage Highlights

✓First domestic insurance company in Qatar (1964)
✓Market leader in Qatar and dominant in MENA region
✓AM Best A- (Excellent) financial strength rating
✓Operates in 10 countries across MENA
✓Parent company of QLM (health subsidiary)

Pros

✓Oldest insurer in Qatar — 60+ years of experience
✓Highest financial strength rating in Qatar (AM Best A-)
✓Regional reach across 10 countries
✓Comprehensive multi-line insurance products

Cons

✗Health insurance primarily through QLM subsidiary
✗General insurer — not a health specialist
✗Complex corporate structure with subsidiaries

Frequently Asked Questions

What is QIC's financial strength rating?

QIC holds an A- (Excellent) rating from AM Best, making it one of the highest-rated insurers in the Gulf region.

Is QIC related to QLM?

Yes. QIC is the parent company of QLM Life & Medical Insurance, Qatar's specialized health insurer. QIC spun off its health insurance business into QLM.

How many countries does QIC operate in?

QIC operates in 10 countries across the MENA region, making it one of the most geographically diverse insurers in Qatar.

Quick Summary

InsurerQatar Insurance Company (QIC)

Country🇶🇦 Qatar

Overall Score88/100

Satisfaction4.0/5

Members1.0M

Typeprivate

Founded1964

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