Latest news with #SalemAlMannai
Zawya
16-07-2025
- Automotive
- Zawya
QIC wins Customer Experience Initiative of the Year title at Insurance Asia Awards
Doha, Qatar: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been awarded the 'Customer Experience Initiative of the Year in Qatar' title at the 2025 Insurance Asia Awards. The accolade was announced during the program's annual awards ceremony held last week in Singapore, attended by representatives from leading insurers across the continent. This prestigious recognition underscores QIC's success in delivering a seamless and innovative customer journey through its QIC App, the company's flagship platform. Designed to cover the daily digital needs of everyone in Qatar, the app has significantly simplified users' experiences, enabling them to instantly understand their coverage needs, purchase policies in just a few clicks, and conveniently access a suite of non-insurance services related to everyday life. Commenting on the award, Mr. Salem Al Mannai, Group CEO of QIC, said: 'We are honored to be recognized once again by one of the most respected insurance award programs in Asia, and to see our solutions acknowledged by a panel of renowned industry experts. This achievement affirms the strength of QIC's digital strategy, and our ongoing commitment to enhancing the customer journey with cutting-edge, user-centric solutions. Our investment in digital innovation over the past few years has allowed us to consistently deliver better access to the best coverage for everyone in Qatar, and we look forward to building on this momentum and setting new benchmarks for digital excellence at local and regional levels.' QIC App is the first and only platform of its kind in Qatar, offering integrated insurance and non-insurance features through a single interface. Whether it's purchasing or managing policies, paying installments, or submitting and tracking claims, the app offers a comprehensive digital ecosystem for all insurance needs. QIC App also includes value-added solutions such as a car marketplace, car rentals, repair and detailing services, and other features designed to enhance convenience and peace of mind for customers across the country. Insurance Asia Magazine is a biannual publication based in Singapore, providing in-depth insights into the Asian insurance sector through news, interviews, and expert analysis. The magazine's Insurance Asia Awards is one of the most prestigious award programs continent-wide, recognizing insurers that have achieved outstanding milestones, introduced innovations, and set new industry benchmarks. To learn more about QIC App or to download the application, visit
Qatar Tribune
15-07-2025
- Automotive
- Qatar Tribune
QIC wins ‘Customer Experience Initiative of the Year' title at Insurance Asia Awards
Tribune News Network Doha Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been awarded the 'Customer Experience Initiative of the Year in Qatar' title at the 2025 Insurance Asia Awards. The accolade was announced during the programme's annual awards ceremony held last week in Singapore, attended by representatives from leading insurers across the continent. This prestigious recognition underscores QIC's success in delivering a seamless and innovative customer journey through its QIC App, the company's flagship platform. Designed to cover the daily digital needs of everyone in Qatar, the app has significantly simplified users' experiences, enabling them to instantly understand their coverage needs, purchase policies in just a few clicks, and conveniently access a suite of non-insurance services related to everyday life. Commenting on the award, QIC Group CEO Salem Al Mannai said, 'We are honored to be recognized once again by one of the most respected insurance award programmes in Asia, and to see our solutions acknowledged by a panel of renowned industry experts. This achievement affirms the strength of QIC's digital strategy, and our ongoing commitment to enhancing the customer journey with cutting-edge, user-centric solutions. 'Our investment in digital innovation over the past few years has allowed us to consistently deliver better access to the best coverage for everyone in Qatar, and we look forward to building on this momentum and setting new benchmarks for digital excellence at local and regional levels.' QIC App is the first and only platform of its kind in Qatar, offering integrated insurance and non-insurance features through a single interface. Whether it's purchasing or managing policies, paying installments, or submitting and tracking claims, the app offers a comprehensive digital ecosystem for all insurance needs. QIC App also includes value-added solutions such as a car marketplace, car rentals, repair and detailing services, and other features designed to enhance convenience and peace of mind for customers across the country. Insurance Asia Magazine is a biannual publication based in Singapore, providing in-depth insights into the Asian insurance sector through news, interviews, and expert analysis. The magazine's Insurance Asia Awards is one of the most prestigious award programmes continent-wide, recognizing insurers that have achieved outstanding milestones, introduced innovations, and set new industrybenchmarks.
Khaleej Times
09-07-2025
- Business
- Khaleej Times
Qatar Insurance Group earns MSCI's highest ESG rating
Qatar Insurance Group (QIC) has achieved the prestigious (p) 'AAA' ESG rating from MSCI ESG Research - the highest possible rating under MSCI's globally recognised environmental, social, and governance (ESG) framework. This exceptional milestone places QIC among the world's top-performing insurers for ESG excellence and governance resilience. It also solidifies QIC's position as the first company in Qatar and the only insurer in the MENA region to receive a provisional ESG 'AAA' rating from MSCI, joining an elite group of property and casualty insurers worldwide to earn this distinction. Effective as of May 22, 2025, the rating highlights QIC's outstanding performance across key ESG pillars: The company ensures robust privacy and data security through advanced cybersecurity infrastructure, strong data protection measures, and strict regulatory compliance. It prioritises human capital development with inclusive talent strategies, high employee engagement, and effective feedback mechanisms. Additionally, it upholds strong corporate behavior with a culture rooted in ethical integrity, solid anti-corruption frameworks, and a clean governance record. Salem Al Mannai, CEO of QIC Group, emphasised the company's alignment with the Paris Agreement, the United Nations Sustainable Development Goals, the Qatar Stock Exchange's ESG reporting guidelines, and Qatar Central Bank's directives to advance sustainable finance. He highlighted QIC's role as a regional model for sustainability and governance, crediting Qatar's progressive investment climate and the pivotal role of the Qatar Central Bank in enabling regulatory excellence. 'Al Mannai underscored that ESG at QIC is not just a responsibility but a strategic opportunity to lead with purpose, build trust, and drive sustainable transformation in the financial sector. He added that MSCI's recognition reinforces QIC's commitment to setting new benchmarks and championing sustainable finance across MENA,' he added. Qatar Insurance Group (QIC) has outperformed both regional and global industry peers with an industry-adjusted ESG score of 9.7, earning a prestigious 'AAA' rating. MSCI ESG Research recognized QIC for its rigorous data privacy protocols aligned with global standards, robust corporate governance led by an independent board, and transparent ESG policies covering its entire investment portfolio. QIC's ethical framework includes strong anti-bribery, anti-money laundering, and whistleblower protections, reinforcing its position as a regional ESG leader. QIC's sustained ESG excellence is driven by integrated, long-term efforts across operations. The Group maintains an 80 per cent employee engagement score, over 90% retention, and a diverse workforce from 67 nationalities, supported by comprehensive benefits and strong career development. As a responsible investment pioneer, QIC was the first MENA insurer to disclose ESG risks across its full portfolio and now holds ESG scores nearly double the global industry average. It also led regional efforts in cybersecurity by voluntarily aligning with GDPR standards. In sustainable insurance, QIC was the first in MENA to sign the UNEP FI Principles for Sustainable Insurance, embedding ESG into underwriting and risk strategies. Additionally, it launched a large-scale reforestation initiative to plant one million trees and partnered with the Ministry of Environment and Climate Change to support biodiversity and climate resilience under Qatar's Third National Development Strategy (2024–2030). Qatar Insurance Group (QIC) is the first Middle Eastern insurer to sign the UN's Principles for Sustainable Insurance under UNEP-FI. It supports Qatar's goal to cut greenhouse gas emissions by 25 per cent by 2030. QIC has a strong ESG framework and long-term sustainability strategy across underwriting and asset management. MSCI is one of the world's leading ESG Ratings agencies. Its ESG Ratings aim to measure a company's management of financially relevant ESG risks and opportunities. The company uses a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers. ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).
Zawya
01-07-2025
- Business
- Zawya
Qatar Insurance Group earns MSCI's highest ESG rating
DOHA: Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has achieved the prestigious (p) 'AAA' ESG rating from MSCI ESG Research—the highest possible rating under MSCI's globally recognized environmental, social, and governance (ESG) framework. This exceptional milestone places QIC among the world's top-performing insurers for ESG excellence and governance resilience. It also solidifies QIC's position as the first company in Qatar and the only insurer in the MENA region to receive a provisional ESG 'AAA' rating from MSCI*, joining an elite group of property and casualty insurers worldwide to earn this distinction. Effective as of May 22 2025, the rating highlights QIC's outstanding performance across key ESG pillars: Privacy & Data Security, Human Capital Development, and Corporate Behavior. Salem Al Mannai, QIC Group CEO, commented: 'The State of Qatar is a proud signatory to the Paris Agreement, and at QIC Group, we have aligned our sustainability strategy with the United Nations Sustainable Development Goals, the Qatar Stock Exchange's ESG reporting guidelines, and the Qatar Central Bank's directives to strengthen sustainable practices in the financial sector. We take great pride in being a model of excellence in sustainability and governance, both in Qatar and across the region. This national achievement is a testament to Qatar's advanced investment environment and a reflection of the professionalism and efficiency of the country's regulatory authorities—foremost among them the Qatar Central Bank, which has played a pivotal role in shaping the legislative and regulatory frameworks that empower institutions under its supervision to grow and thrive sustainably." © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
ILoveQatar.net
01-07-2025
- Business
- ILoveQatar.net
Qatar Insurance Group achieves highest possible rating from MSCI ESG Research
Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has achieved the prestigious (p) 'AAA' ESG rating from MSCI ESG Research—the highest possible rating under MSCI's globally recognized environmental, social, and governance (ESG) framework. This exceptional milestone places QIC among the world's top-performing insurers for ESG excellence and governance resilience. It also solidifies QIC's position as the first company in Qatar and the only insurer in the MENA region to receive a provisional ESG 'AAA' rating from MSCI*, joining an elite group of property and casualty insurers worldwide to earn this distinction. A Testament to ESG Leadership Effective as of 22 May 2025, the rating highlights QIC's outstanding performance across key ESG pillars: Privacy & Data Security: Robust data protection measures, world-class cybersecurity infrastructure, and regulatory compliance. Human Capital Development: Strong employee engagement, inclusive talent strategies, and proactive feedback channels. Corporate Behavior: A well-established culture of ethical integrity, anti-corruption frameworks, and a governance track record free of controversies. Salem Al Mannai, QIC Group CEO, commented: The State of Qatar is a proud signatory to the Paris Agreement, and at QIC Group, we have aligned our sustainability strategy with the United Nations Sustainable Development Goals, the Qatar Stock Exchange's ESG reporting guidelines, and the Qatar Central Bank's directives to strengthen sustainable practices in the financial sector. We take great pride in being a model of excellence in sustainability and governance, both in Qatar and across the region. This national achievement is a testament to Qatar's advanced investment environment and a reflection of the professionalism and efficiency of the country's regulatory authorities—foremost among them the Qatar Central Bank, which has played a pivotal role in shaping the legislative and regulatory frameworks that empower institutions under its supervision to grow and thrive sustainably. Achieving MSCI's 'AAA' rating reaffirms our unwavering commitment to sustainability and robust governance. This recognition is a direct result of our clear strategy, disciplined operations, and the tireless efforts of our people to deliver world-class performance across all aspects of our business. In today's environment—shaped by climate risk, rising societal expectations, and increased investor focus—ESG excellence is no longer optional. It is a strategic priority that defines long-term value, resilience, and reputation. At QIC, we see ESG as more than a responsibility—it is an opportunity to lead with purpose, build trust, and contribute to the sustainable transformation of financial services in Qatar and across the region. MSCI's recognition further strengthens our resolve to set new benchmarks, continuously elevate our performance, and champion sustainable finance throughout MENA. Outperforming Regional and Global Peers With a weighted, industry-adjusted ESG score of 9.7, QIC significantly outperformed both regional and global industry averages, placing it among a select group of global peers that have achieved the 'AAA' rating. MSCI ESG Research specifically commended QIC for: Rigorous data privacy protocols aligned with global standards, complemented by regular security audits and employee training. Leadership in responsible investment, with transparent ESG policies covering the entire investment portfolio. A strong ethical framework, including anti-bribery, anti-money laundering, and whistleblower protections. Robust governance, with a highly independent board and dedicated audit, nomination, and compensation committees. Sustained Excellence Across ESG Priorities QIC's ESG success is built on long-term, integrated efforts across all areas of its business: Human Capital and Workplace Leadership 80% employee engagement score and a 90%+ retention rate. A diverse workforce representing 67 nationalities across six continents. Comprehensive benefits, regular performance reviews, and structured grievance mechanisms. Investment in talent development platforms that foster career growth and leadership visibility. Responsible Investment Pioneer The first insurer in MENA to publicly measure and disclose ESG risks across its entire investment portfolio. ESG investment scores nearly double the global industry average. Proactive targets for ESG ratings and carbon intensity reduction across key holdings. Data Protection and Cybersecurity Leadership The first regional insurer to voluntarily align with the EU's General Data Protection Regulation (GDPR). Advanced data classification, loss prevention technologies, and a proactive cybersecurity framework backed by regular internal and external audits. Leading Sustainable Insurance Practices The first insurer in MENA to sign the UNEP FI Principles for Sustainable Insurance (PSI), embedding sustainability into underwriting and risk management strategies. Meaningful Community and Environmental Action The first insurer in the region to launch a large-scale reforestation initiative, committing to plant one million trees across Qatar to support national climate goals and combat desertification. Active partnership with Qatar's Ministry of Environment and Climate Change (MoECC) to support the Third National Development Strategy (2024–2030), focusing on biodiversity preservation, carbon sequestration, and climate resilience. This forward-thinking project is expected to significantly enhance air quality, conserve water resources, protect local ecosystems, and contribute to Qatar's long-term environmental sustainability. This milestone is the result of a long-standing journey of commitment and dedicated work towards achieving the highest standards of sustainability. Qatar Insurance Group was the first insurance company in the Middle East to sign the Principles for Sustainable Insurance (PSI) under the United Nations Environment Programme Finance Initiative (UNEP-FI) last year, underscoring its leadership and pioneering role in this field. The Group remains firmly committed to supporting Qatar's national efforts to reduce greenhouse gas emissions by 25% by 2030, in line with the country's national strategy. QIC Group has also established a comprehensive ESG governance framework and developed a long-term strategy to embed sustainability principles into both its underwriting philosophy and asset management practices. To ensure these efforts are fully integrated across the Group, a dedicated Sustainability Committee has been established to lead this strategic direction and drive the achievement of its ambitious objectives. About MSCI ESG Ratings: MSCI is one of the world's leading ESG Ratings agencies. Its ESG Ratings aim to measure a company's management of financially relevant ESG risks and opportunities. The company uses a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers. ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).
