Al Koot Insurance and Reinsurance, a subsidiary of Gulf International Services (GIS), will provide health insurance cover to Qatar Airways’ employees and their families.
The contract is for two years, starting from June 1, 2019, said GIS, which is listed on the Qatar Stock Exchange.
With this contract, Al Koot will manage around 140,000 insured members in the country. As per contract, Al Koot will provide healthcare services to Qatar Airways employees and their families through its wide network, which is considered as one of the largest networks of medical service providers in Qatar.
The contract comes in line with GIS’ strategy to capture new business opportunities that would potentially help increase revenues and ultimately maximise shareholder value, as it largely increased the insured members of Al Koot in the medical line of business, expanding the company’s presence in the local market.
“As a key client, we are keen to serve Qatar Airways and promote the relationship of trust,” according to Ahmed Rafea al-Emadi, Al Koot’s chief executive.
Al Koot has reinforced its experienced teams with innovative technological solutions resulting into acquiring one of the largest networks amongst insurance companies in the region, reflecting the strong financial capabilities and technical experience the company has built over more than 15 years of operation, he said.
The GIS insurance subsidiary is developing and diversifying its health insurance services to maintain its position as a leading Qatari national company in this field. Its health insurance portfolio includes a number of the most important institutions and companies operating in Qatar.
Earlier this year, Al Koot had won competitive tenders to offer healthcare services for Qatar Petroleum and Qatargas’ staff and their families for a three-year period, commencing January 1, 2019.
