Qatar Insurance Company (QIC), the largest insurer in the Persian Gulf region, has been titled as the ‘Top Investment House’ from the Middle East and North Africa (MENA) region by the Asset Magazine for the fourth consecutive year.
The survey by Asset Magazine ranked top investment houses in Asian G3 debts (bonds denominated in US dollars, yen, or euros) based on the number of votes won, where QIC secured the most votes by their Astute Investors.
The ranking methodology used for the survey was based on the number of votes received from top-rated analysts, economists and strategists, sales teams and traders in participating institutions. The ranking score was subject to a weighting methodology and was announced in the Asset Magazine’s January 2022 issue and in its official website.
During the survey, more than 430 different institutions including asset managers, hedge funds, private banks, banks, insurance companies and sovereign wealth funds were evaluated and shortlisted.
“The prestigious ranking serves as a testament to the resounding success of our business strategy built along with a customer-centric and technologically progressive approach, ably backed by the investments team. Investments are a cornerstone for the success of our business. Not only does this showcase the goodwill and reputation that QIC has built over the years of its operation, but also brings to the fore our passion and commitment in maintaining our status as a market leader in the insurance and investment management space.”
The Asian G3 Bond Benchmark Review has been conducted annually since 1999, providing a wealth of data on the product needs of institutional investors and the market penetration of institutions active in the Asian G3 bond market and Asian CDS space. It also delivers a detailed analysis of investors’ buying behavior when selecting their counterparties, and provides insights into how investors think.
Founded in 1964, QIC was the first domestic insurance company in Qatar. The company 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.