QIC Digital Venture Partners (DVP) will act as the hub to connect regional and international ventures with strategic growth opportunities through the Group’s regional footprint and global reach. QIC DVP will form partnerships and collaborate with BigTech players and corporates to co-create new digital ventures.
“The launch of QIC Digital Venture Partners is a significant milestone for our digital future. Grounded by our strong regional and international performance, QIC DVP will reshape the digital insurance ecosystem and become the go-to digital insurance partner in the MENA region.” said Salem Al Mannai, Group CEO of QIC Group.
“Yesterday, QIC DVP emerged from Stealth mode, with a stellar leadership team as the Board of Directors, an international and experienced management team combining Insurtech and insurance incumbent, joined by a mission to foster the insurtech ecosystem in MENA by building and investing into insurtechs. After months of validating the strategy with amazing thought partners, in the mean time putting together an international team to start building on propositions, partnerships, potential new ventures.” said Lars Gehrmann, Head of QIC DVP and Group Chief Digital Officer of QIC Group.
QIC DVP will work with breakthrough insurtech companies that are defining the insurance ecosystem through digital innovation. As the go-to digital insurance partner & insurtech ecosystem player in the Middle East and North Africa, DVP will be offering:
We build – Venture Studio
Building leading ventures with unique digital propositions across all insurance verticals
We Partner – Insurtech MENA Ecosystem
Collaborating with leading ecosystem players to create new digital propositions in the region
We Invest – Corporate VC (seed)
Investing in strategic early stage and growth stage startups that are aligned with QIC’s strategic growth objectives
Qatar Insurance Company (QIC)– 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 insurer in the Gulf region with a rating of A/Stable from Standards & Poor’s and A(Excellent) from A.M. Best. In terms of profitability and market capitalisation, QIC is also the largest insurance company in the MENA region. It is listed on the Qatar Exchange and has a market capitalisation of over US$4.0bn.
Find out more about QIC Digital Venture Partners (DVP), contact us:
7th Floor, Qatar Insurance Company Main Building,
P.O. Box 666, Tamin Street, West Bay