# Qatar Insurance Group (QIC)

Qatar Insurance Group (QIC) is an Insurance based in Doha, Qatar.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Doha, Qatar
- **Region:** Middle East
- **Address:** Tamin Street, West Bay, Doha, Qatar
- **Founded:** 1964
- **Assets under management:** Undisclosed
- **Website:** qicgroup.com
- **LinkedIn:** https://qa.linkedin.com/company/qatarinsurance

## Regulatory record

- **Reports private funds:** No

## About

QIC was founded in 1964 as Qatar's first domestic insurance company and remains the country's dominant composite insurer, listed on the Qatar Stock Exchange with significant government-related shareholders. The General Retirement and Social Insurance Authority holds a 10. The group writes a broad mix of personal and commercial lines across the Middle East, but its investment portfolio tells a more interesting story. QIC deploys premium float across real estate and private markets, with a particular concentration in UK commercial property. Through subsidiary vehicles — Synergy Gatwick 1 & 2, Synergy Bristol, and Synergy Frimley — the firm holds office and logistics assets in the Gatwick, Bristol, and Frimley corridors, all booked via Jersey-domiciled entities. The portfolio extends to art collections, gold exposure, and a mixed-use real estate book in Qatar itself. Al Mannai leads the group from the West Bay headquarters on Tamin Street, where the firm's strategy blends conventional underwriting with a digital push. QIC signed a strategic MoU with Ooredoo Group to develop digital insurance solutions, signaling a commitment to InsurTech distribution channels across the GCC. The firm also anchors the Salamtek Consortium, a road safety partnership with Ooredoo and Qatar University, and operates the QIC Advantage Club retail loyalty program — a customer retention mechanism that doubles as a data flywheel for the core insurance business. What distinguishes QIC from a typical emerging-market insurer is the permanence of its capital base. The shareholder structure — government pension fund, prominent Qatari family offices — creates a liability profile that tolerates long-duration, illiquid assets. This allows the investment team to behave like a family office allocator: buying real estate through offshore holding companies, holding art collections, and maintaining gold exposure as a tail-risk hedge. The insurance operations fund the float; the structural differentiator is how that float is invested.

## Sectors

- InsurTech
- Real Estate
- Private Equity

## People

- Sheikh Hamad bin Faisal bin Thani Jasim Al Thani — Chairman of the Board of Directors
- Salem Khalaf Al Mannai — Group Chief Executive Officer

## Questions

### What is the relationship between QIC and the Qatari government?

The General Retirement and Social Insurance Authority, Qatar's public pension fund, is the largest disclosed shareholder at 10.71%. The shareholder register also includes prominent Qatari family investment companies and trading houses, creating a capital base that is closely aligned with — but not directly owned by — the state.

### Does QIC invest in alternative assets beyond real estate?

Yes. Public disclosures show gold exposure, a corporate art collection that includes the 'Art for Tomorrow' and 'Qatar. Unity. Future.' collections, and a broader investment properties portfolio described as global in scope. The firm treats its art holdings as a genuine asset class within the investment book, not merely corporate decoration.

### How does QIC source technology-related deal flow?

The firm's 2019 MoU with Ooredoo Group positioned QIC to co-develop digital insurance products, giving it access to Ooredoo's telecom subscriber base across the GCC. This partnership functions as both a distribution channel and a sandbox for InsurTech product development, embedding QIC into Qatar's broader digital infrastructure ecosystem.

### What is the Salamtek Consortium?

Salamtek is a road safety consortium co-founded by QIC alongside Ooredoo and Qatar University. It uses telematics and data analytics to reduce accident rates in Qatar, providing QIC with actuarial data that feeds back into its core motor insurance underwriting — a closed-loop model between corporate social responsibility and commercial risk assessment.

### Is QIC actively expanding outside Qatar?

QIC's footprint is concentrated in Qatar and the GCC for underwriting, but its investment portfolio is international — primarily UK commercial property via offshore subsidiaries. The firm has not signaled a major push into new insurance markets, appearing to prioritize balance-sheet returns through asset allocation over geographic expansion of the underwriting business.

## Related profiles

- [Qatar Armed Forces Investment Portfolio](https://altss.com/profile/qatar-armed-forces-investment-portfolio)
- [Qazaqstan Investment Corporation](https://altss.com/profile/qazaqstan-investment-corporation)

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Last updated: 2026-08-11T02:43:31.692Z

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