(MENAFN- Gulf Times)
Qatar Insurance Company (QIC), the leading insurer in the Middle East and North Africa (Mena) region, has been recognised as the 'Top Investment House by the Asset magazine in collaboration with Benchmark Research.
The survey ranked top investment houses in Asian G3 bonds (issued by Asian issuers in dollars, euro and yen) based on the number of votes won by their investors, said a spokesman of QIC, which is the largest insurance entity in the Mena region in terms of capitalisation and profitability.
More than 290 different institutions, including asset managers, hedge funds, private banks, banks and insurance companies, and sovereign wealth funds, were evaluated and shortlisted during the survey, said QIC, the market leader in Qatar and a dominant insurer in the Gulf Cooperation Council and Mena region.
'The prestigious ranking serves as a testament to the resounding success of our business strategy built along a customer-centric and technologically progressive approach, ably backed by the investments team, Qatar Insurance group president and chief executive Khalifa Turki A al-Subaey said.
Highlighting that investments are a cornerstone for the success of its business, he said 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 QIC's passion and commitment in maintaining its status as a market leader in the insurance and investment management space.
The ranking methodology used for the survey was based on the number of votes received from top-rated analysts, economists and strategists, salespeople and traders for investors in these institutions. In addition, the ranking score was also subject to a weighting methodology, which was determined by the rating of the individual casting the vote for the investors.
QIC is a publicly listed composite insurer with a global underwriting footprint and a consistent performance history of over 50 years. Founded in 1964, QIC was the first domestic insurance company in Qatar.
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