Oman Qatar Insurance Company (OQIC)

Oman Qatar Insurance Company (OQIC)

Oman Qatar Insurance Company SAOG (OQIC) is a publicly listed company in corporated in the Sultanate of Oman and is engaged in business of Life, Medical & General Insurance.

OQIC is a subsidiary of Qatar Insurance Company Q.S.P.C (QIC), a publicly listed composite insurer with a consistent performance history of 50 years and an underwriting footprint across the Middle East, Africa and Asia. Founded in 1964, QIC was the first domestic insurance company in the State of Qatar. Today, QIC is the market leader in Qatar and a dominant insurer in the GCC and MENA regions. QIC is one of the highest rated insurers in the Gulf region with a rating of A/Stable from Standard & Poor’s and A (Excellent) from A.M. Best. In terms of profitability and market capitalization, QIC is also the largest insurance company in the MENA region. It is listed on the Qatar Stock Exchange and has a market capitalization of more than USD 4 billion.

OQIC is supported by QIC Group’s treaty facilities with “A” rated reinsurers from international markets. At the same time, OQIC’s local shareholder, Al Hosn Investment SAOC, a leading business house in the Sultanate of Oman has rendered continuous support and guidance.
Besides a corporate office at 4th Floor ,AL Nawras Commercial Center Building, Near HSBC, Al Khuwair, P.C. 112, Sultanate of Oman. And retail branches

In brief, OQIC is a subsidiary of QIC Group (www.qic-group.com) and has been operational in Oman for over 10 years. Currently we have 54 staff members, 65% of whom are Omanis.

Our strategy going forward is to grow our portfolio in terms of both top and bottom line whilst remaining true to our core principle of prudent underwriting and risk selection. We intend to continue our progress towards providing innovative insurance solutions coupled with quality claims services and thereby build a loyal commercial and personal lines customer base.

Recently we have enhanced our online retail platform and are fully focused on improving our customers experience by offering insurance solutions which you can purchase or renew quickly and easily from the comfort of your homes or from your smartphones. You can now visit our online portal,

www.oqic-insured.com to find solutions for all your personal insurance needs.

As Omani Society continues to adopt and support digital technology, we are greatly encouraged by the number of customers visiting our site and are hopeful that our new improved website will further enhance your online shopping experience.

To maintain connection with you and, keep you better informed and engaged, we are moving into mainstream social media in the immediate term, with a view to exploring the potential and the appetite of Omani Society towards that medium. We therefore welcome any feedback, suggestions or concerns that you may have on our Facebook – https://www.facebook.com/insuredbyoqic.

Vision

The Group’s Vision of the future is to maintain our drive for growth and excellence through innovation, diversification and responsible leadership. By means of existing and new strategic alliances and partnerships, we aim to create the optimum framework for continuous profitable development

Values

At OQIC we value each employee and acknowledge their own distinctive contribution. We value their effort, their enterprise, their contribution and opinions.

  • Our Company is being built on teamwork, respect, and mutual trust. Each person, at whatever level she or he may operate, is empowered and will therefore make their own unique contribution. Each employee is encouraged to be responsible for their own actions. We encourage positive contribution, acknowledge innovation and reward excellence. We encourage a safe workplace, comply with all laws and regulations and strive to meet the expectations and requirements of our customers. We value our customers as trusted partners.
  • We value constructive feedback and candid comment. We endeavour to absorb these into our business model. Honest criticism is accepted as a valued contribution to our organisation. We meet our obligations to our shareholders, customers, employees and society.
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