Doha Insurance Company Q.S.C is a Qatari shareholding company registered an incorporated in the state of Qatar under Emiri Decree No. 30 issued on 2nd October 1999, listed on Qatar Exchange, and is engaged in the business of insurance and re-insurance.
The Company was formed in response to the need for growth in the insurance industry, warranted by unprecedented accelerated economic expansion in Qatar as well as the enactment of laws encouraging investments.
During 2006, the Company established an Islamic Takaful branch under the brand name "Doha Takaful" to carry out insurance and reinsurance activities in accordance with Islamic Sharia principles on a non-usury basis in all areas of insurance.
Supported by highly motivated and well qualified team, Doha Insurance is now poised to play a major role in the Regional and Arab insurance industry.
Doha Insurance was founded by 553 members, who are either prominent Qatari businessmen or present prestigious Qatari business entities. Formed with a fully paid-up capital QR 127 million (US $ 35 million), Doha Insurance was listed on Doha Securities Market in December 2001 and presently has more than 2000 shareholders.
The capital based of the company has been increased to QR 180 million (US $ 50 million) through the right issue in April 2008 and again raised to QR 234 million (US $ million) through issue of bonus shares in March 2012.
Doha Insurance Ratings Raised to 'BBB+/Stable/--'
on 23 June 2009, Standard & Poor's Rating Services raised its long-term counterparty credit and insurer financial strength ratings on Doha Insurance to 'BBB+' from 'BBB'. The outlook is stable.
on 28 September 2012, Standard & Poor's Rating reaffirmed their interactive credit ratings of 'BBB+/Stable/--' on strong operating performance relative to peers, strong overall capitalization and good competitive position in an increasing competitive market.
On 14 July, 2014, Standard & Poor’s Rating Services raised the insurer financial strength and counterparty credit ratings on Doha Insurance Co. to ‘A-‘; Outlook Stable.
On 26 August, 2014, A. M. Best has assigned a financial strength rating of ‘A-‘ (Excellent) and an issuer credit rating to Doha Insurance Co. The Outlook assigned to both ratings is Stable.
Doha Insurance aims to raise the level of professionalism in the insurance services in the State of Qatar. The Company employs well qualified and experienced insurance professionals who provide corporate and individual insurance at competitive rates for all classes of insurance. Doha Insurance is dedicated to quality of tailored customer service and mutual trust. claims processing functions are streamlined to provide customers with fair and timely settlements. Company wins of some major property and construction accounts evidences this.
Our Senior Executives
Doha Insurance is an expanding company supported by highly motivated and well qualified senior executives. The team enjoys a wealth of professional qualification, exposure and expertise in GCC, Arab and International Markets.