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Qatar Insurance Announces Strategic Investments In Three Insurtech Startups
(MENAFN- Gulf Times) Qatar Insurance Group (QIC), has announced strategic investments in three insurtech startups. These investments come with ambitious plans for expansion, not only in the Middle East but also into new global markets relevant to each company.
Through these partnerships with Jaguar Transit, MIC Global, and Digital Petroleum, the Group aims to offer innovative insurance solutions in key GCC markets, including Qatar, Saudi Arabia, and the UAE, as well as emerging markets in Asia such as Singapore and India, and developing African markets, Qatar Insurance Group said in a statement published on Qatar Stock Exchange website.
As part of QICs commitment to empowering talent, supporting innovative startups, and creating new investment opportunities, QIC will provide financial support and strategic guidance. This will allow these companies to expand into dynamic markets such as the GCC, North Africa, South Asia, and Europe.
The MoUs were signed at Qatar Insurance Groups headquarters, where Group CEO Salem Al Mannai, alongside Founder and CEO of Jaguar Transit Jobi Kenan, SVP Global Partnerships & Innovtion MIC Global Mike Eksteen and Chief Technology Officer of Digital Petroleum Fakhruddin Murabet formalized the agreements.
QIC CEO Salem Al Mannai said, "Our investments in these companies reflect our commitment to embracing technology to deliver smarter, easier, and more innovative insurance solutions."
"These partnerships will help us take the insurance industry to new heights, meet changing customer needs, and enhance our profitability over the long term," he added.
These companies are part of the Group supported Insurtech Accelerator MENA program and represent one of the outcomes of its annual regional forum, the "MENA Insurtech Summit," headquartered in Doha.
Through these partnerships with Jaguar Transit, MIC Global, and Digital Petroleum, the Group aims to offer innovative insurance solutions in key GCC markets, including Qatar, Saudi Arabia, and the UAE, as well as emerging markets in Asia such as Singapore and India, and developing African markets, Qatar Insurance Group said in a statement published on Qatar Stock Exchange website.
As part of QICs commitment to empowering talent, supporting innovative startups, and creating new investment opportunities, QIC will provide financial support and strategic guidance. This will allow these companies to expand into dynamic markets such as the GCC, North Africa, South Asia, and Europe.
The MoUs were signed at Qatar Insurance Groups headquarters, where Group CEO Salem Al Mannai, alongside Founder and CEO of Jaguar Transit Jobi Kenan, SVP Global Partnerships & Innovtion MIC Global Mike Eksteen and Chief Technology Officer of Digital Petroleum Fakhruddin Murabet formalized the agreements.
QIC CEO Salem Al Mannai said, "Our investments in these companies reflect our commitment to embracing technology to deliver smarter, easier, and more innovative insurance solutions."
"These partnerships will help us take the insurance industry to new heights, meet changing customer needs, and enhance our profitability over the long term," he added.
These companies are part of the Group supported Insurtech Accelerator MENA program and represent one of the outcomes of its annual regional forum, the "MENA Insurtech Summit," headquartered in Doha.
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