Qatar Insurance has been recognised as the ‘Best Personal Insurance Company Mena 2019’ at the Global Banking & Finance Review Awards conducted by the Global Banking & Finance review magazine.

The award reflects innovation, achievement, strategy and progressive and inspirational changes that have taken place within the global financial community, QIC said in a statement.

Many institutions, including those from the banking, foreign exchange, insurance, hedge funds, pension funds, compliance, corporate governance, brokerage & exchanges, project finance, binary options, investment management, technology, asset & wealth management, Islamic finance, exchange traded funds, real estate, corporate social responsibility and other areas were evaluated and shortlisted during the selection process for the award category.

The ranking methodology used for the selection of the winner was based on the magazine’s research team, which scrutinised the nominations to ensure that it met with the specific criteria for an award in the selected category.

Fahad al-Suwaidi, Deputy CEO of QIC, said: “We are honoured to be recognised as the ‘Best Personal Insurance Company MENA 2019’. The prestigious ranking serves as a testament to the resounding success of our customer-centric and technologically progressive approach towards our products and services. It also showcases the goodwill and reputation that Qatar Insurance has built over the years of its operation.”

He added: “The award motivates us further to maintain our status as a market leader in the Insurance space in the Mena region. Qatar Insurance has garnered a lot of success by embracing digital transformation and embedding Artificial Intelligence (AI) to automate systems and processes for simplifying customer journeys.

“Our retail portal has been a key driver in enhancing our products and services — right from getting quotes, to purchasing motor insurance online, to bespoke insurance on call services, to filing and managing motor claim, among others. Likewise, our wide network of branches and kiosks has equally ensured to provide the best-in-class services to all customers.”

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