DOHA: Qatar Insurance Company (QIC) has expanded its presence in the UAE by making its personal insurance products directly available to the individual customers under the theme ‘Global Insurance - Local Assurance’.
The expansion into the direct personal insurance business in the UAE is part of company’s global strategy. “We are already within the top-50 reinsurers worldwide and we aim to place all of QIC Group amongt the largest players worldwide,” said Ali Al Fadala, Senior Deputy Group President & CEO of QIC Group. “So our expansion into the direct line in the UAE is very much in line with our Group strategy,” he added.
Qatar Insurance sees an opportunity to bridge the gap between the international insurers’ offerings and the specialised local knowledge offered by the local insurers. “Qatar Insurance has been in the Middle East since 1964 and is now the largest insurer in the region and ranks number 14 in all of Asia. We are certain that we know the local markets better than anybody and being a strong international player as well, we will be able to offer individual customers in the UAE something unique — unparalleled customer services of international standards coupled with detailed local knowledge” said KG Venkat, CEO of Qatar Insurance in the UAE.
“The personal insurance market in the UAE is characterised by mainly two types of insurance companies”, said Frederik Bisbjerg, Executive Vice President and Head of Group Retail for Qatar Insurance. “Large international insurers headquartered outside the region and local insurers with strong local knowledge and presence — the large international insurers are very strong in providing customer service and having their business processes aligned to international standards, while the local insurers ‘know the way around the Souq’ and are able to provide customers with local knowledge and assistance,” he added.
“We are proud to offer a very unique online platform where customers can manage all their personal insurances,” he said.
The new online platform from QIC makes it possible for potential customers to do ‘window-shopping’ when browsing for the best insurance deals in the UAE, in less than a minute.
The Peninsula
