Brief Overview of the Organisation
QIC is a global insurance and reinsurance group headquartered in Doha, Qatar with offices in London, Bermuda, Zurich, Malta, Singapore, Gibraltar, UAE, Oman, and Kuwait. In the first half of 2022, QIC generated c. 70% of its gross premiums from outside the MENA region and c. 15% of gross premiums from domestic operations of Qatar, demonstrating its international footprint. QIC, a 58-year-old company with a legacy of growth and uninterrupted profitability, has evolved into a Top-150 global insurer. In 2021, QIC generated gross written premiums of c. USD 3.5 billion, had total equity of over USD 2 billion and managed investment assets in excess of USD 12 billion USD. QIC’s financial strength is ‘A-(Excellent)’ rated by AM Best Europe and ‘A-’ by S&P, two of the world’s leading credit rating agencies reinforcing the Group’s financial strength and stability. In 2021, QIC had a solvency ratio of 193%, almost twice the level required by its insurance regulators.
Summary of Sustainability Strategy
QIC has the ambition to become one of the top 50 insurers in the world and with this in mind, it intends to build a sustainable future for investors, employees, and customers alike. QIC strongly believes in sustainability and wants to partner with UNEPFI to further this business objective. QIC would like to borrow the learnings on sustainability from UNEPFI and build a sustainable future.