Magazine date:
Oct 2015 Having conquered the market for personal insurance in the United Arab Emirates, QIC is now interested in P&C market.
The Qatari insurance company intends to develop a digital platform aimed at enabling claims payment within 24 hours after the filing date of the claim.
This service is primarily for motor, travel and home products.
As a reminder, in 2014, QIC achieved a turnover of 5.6 billion QAR (1.5 billion USD). The company net income increased by 31.7% to stand at 1 billion QAR (275 million USD).