KQIC launches online platform

Company revolutionizes personal insurance offerings

KUWAIT CITY, Dec 19: Kuwait Qatar Insurance Company, (KQIC), a premier insurer offering both conventional insurance and Takaful products yesterday announced the launch of its online retail platform, www.kqiconline.com. With this new platform, customers will now be able to renew or purchase personal insurances (car, home and travel) from anywhere just with the click of a button.

Speaking at the launch ceremony, Darren Collinson, CEO of KQIC stated, “KQIC’s successful operation in Kuwait for over a decade is testament to that fact that our personal insurance business through our corporate customers has been and is very successful. However, stifling competition in the personal insurance marketplace over the last few years has made it clear that there was a gap which will now be filled with this new online platform.”

He further added, “With this online portal, KQIC will enhance its distribution channel to deliver secure, modern and innovative solutions to help customers make their insurance purchasing experience simple, quick and easy. We have revolutionized our personal insurance offerings by making them directly available to individual customers under the theme ‘Global Insurance – Local Assurance’.

KQIC’s focus into expanding its direct personal insurance business

KQIC officials during the launch of its online retail platform.

through the online platform is no coincidence but is an integral part of QIC Group’s Global Strategy. Darren Collinson, CEO of KQIC says, “We’re already within the top-50 reinsurers worldwide and we aim to place QIC Group amongst the global top 50 insurance players. Hence our expansion into direct line is very much in line with our Group strategy.”

Hassan Al Jaidah, Deputy CEO of KQIC adds, “Customers are increasingly getting tech-savvy and their preferences rapidly changing with the evolution of smart technology. Being a customer-driven segment, we are committed to provide new, innovative channels that meet the evolving needs of customers. With the introduction of the online channel, we aim to create a seamless engagement with our customers providing an all new level of convenience of purchasing/renewing personal insurance from anywhere, at any time.

Frederik Bisbjerg, Executive Vice President and Head of Group Retail for Qatar Insurance says, “There are mainly two types of insurance companies in

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