QATAR GENERAL INSURANCE AND REINSURANCE COMPANY (QGIRC) is a national company that has served the insurance and reinsurance needs of individuals and businesses since 1978, when it was incorporated as a Qatari shareholding company by Emiri Decree number 52. QGIRC has set a clear and fundamental purpose to its business since its establishment to tailor our coverage and services to deliver innovative efficient ways to prevent or reduce losses and to effectively manage them when they occur. Because our basic principles are quality in products and maximum contribution to the prosperity of Qatar economy, we proud ourselves in offering quality insurance products. We are active in providing the following classes of insurances:
QGIRC activities extend beyond the boundaries of the state of Qatar, providing first class services in all GCC countries. During the last twenty-five (25) years of successful operation the company has become a dynamic force in the Arab and International Insurance Markets. QGIRC has a significant market share of the insurance business in the State of Qatar. It has extended its services to all major Oil and Gas and Industrial Risks in Qatar, Power Stations, First Class Hotels and Government Organisations. The Company has a strong financial position. Over the years of operation the company has made strong reserve and diversify investment portfolios. The company has QR1.1 Billion of Equity Reserves (statutory, fair value and retained earnings) plus QR96 Million technical reserves. A strong cash position enables it to meet instant liability demands. Solid investment portfolios of about QR1.3 Billion consists mainly of share holding in Qatari PLC companies and Real Estate in Qatar. This has enabled QGIRC to build up strong and fruitful relations with the international insurance and reinsurance companies and be accepted as first class security by all leading companies and insurance brokers. We are confident that our company will meet the expectations of our Clients and face the challenges of the future, through knowledge, trust and innovation. |