Mubasher: Qatar Insurance Company (QIC) on Tuesday announced the beginning of knowledge exchange programme with Sompo Japan Nipponkoa Insurance Inc. (SJNKI).
This programme is part of the Qatarisation strategy and is in line with the Qatar National Vision 2030, the insurance and reinsurance services provider said in a statement on Tuesday.
“This collaborative partnership highlights QIC Group’s reputation and goodwill for which SJNKI has chosen us as the ideal partner,” Abdulla Al Mulla, group chief administrative officer of QIC Group, said.
In 2017, SJNKI, the leading insurance company in Japan, sent its staff to QIC’s headquarters in an effort to enhance technical skills, exchange experiences and adopt best practices.
QIC’s profits slid 59.6% to QAR 417.59 million for the year ended 31 December 2017, from QAR 1.03 billion a year earlier.
By the end of Tuesday’s session, QIC’s stock grew 0.52% at QAR 38.35.
