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Qatar Insurance Company

Qatar Insurance Company (QIC) is a publicly listed composite insurer with a consistent performance history of over 50 years and a global underwriting footprint. 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 region. 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.
Reporting Year:
Overall
Environment
Social
Corporate Governance
Data not reported
  2016 2017 2018
Environment
Does the company publish and follow an environmental policy? Yes/No      
Any legal or regulatory responsibility for an environmental impact? Yes/No      
Energy used      
Total amount of energy used      
The total volume of water recycled/reused in m3 by the organization per year      
Total waste produced (kg)      
Total greenhouse gas emissions (tonnes)      
Percentage of renewable energy used      
Specify the primary source of energy used by the company      
Total water use (m3)      
Social
Does the company prohibit the use of child or forced labor throughout the supply chain? Yes/No      
Number of grievances about human rights issues filed, addressed and resolved      
Total number of injuries and fatal accidents (employees)      
Total number of injuries and fatal accidents (contractors)      
Total number of injuries and fatal accidents (employees and contractors)      
Disclosure and adherence to a Human Rights Policy? Yes/No      
Employee turnover rate      
Total workforce      
Nationalisation rate (%)      
Spending on locally-based suppliers (%)      
Employee wages and benefits      
Average hours of training per employee      
Women in the workforce (%)      
Does the company publish and follow a policy for occupational and global health issues? Yes/No      
Pre-tax profits invested in the community (%)      
Corporate Governance
Disclosure of the voting results of the latest AGM. Yes/No      
CEO pay ratio      
Median male salary to median female salary      
Does the company publish and follow a Supplier Code of Conduct? Yes/No      
Role separation of Chairman and CEO. Yes/No Yes Yes  
Independent directors on the board (%) 0 0  
Female directors on the board (%) 0 0  
Executive compensation linked to performance indicators. Yes/No      
Does the company publish and follow an Ethics Code of Conduct? Yes/No      
Sustainability report published. Yes/No No No  
Use a firm in third-party assurance of non-financial information. Yes/No No No  
Does the company publish and follow a Bribery/Anti-Corruption Code? Yes/No      

Qatar Insurance Company Sustainability Reports

There are no reports available to view