| +974 4003 3333 | Arabic or ENG

INSURANCE

Named after a historical fort, Al Koot - one of the oldest forts in the country built in the Ottoman period in 1880 when Doha was little more than a village - the company is a symbol of protection for the Energy Industry.

Al Koot was initially incorporated in 2003 by a Ministerial decree as a 100 percent owned captive insurance company for Qatar Petroleum (“QP”).

In 2007 AL Koot expanded its role by forming a Medical department that provides Medical insurance and Group life.

In 2008, QP transferred the ownership of Al-Koot to Gulf International Services (GIS), a public shareholding company. Al Koot has changed its operations, from a captive insurer to QP group to a fully commercial insurance and re-insurance company in 2016. Al Koot’s relationship with QP has remained strong following such conversion.

The ultimate shareholding of Al Koot by GIS and QP has not changed as a result of changing Al Koot operations from captive to commercial. Al Koot is expanding its operation to encompass a more diverse portfolio of operations in Qatar and the GCC region at large.

Following a Government directive Al Koot i​s now a commercial insurer and reinsurer and achieved an S
Named after a historical fort, Al Koot – one of the oldest forts in the country built in the Ottoman period in 1880 when Doha was little more than a village – the company is a symbol of protection for the Energy Industry.

Al Koot was initially incorporated in 2003 by a Ministerial decree as a 100 percent owned captive insurance company for Qatar Petroleum (“QP”).

In 2007 AL Koot expanded its role by forming a Medical department that provides Medical insurance and Group life.

In 2008, QP transferred the ownership of Al-Koot to Gulf International Services (GIS), a public shareholding company. Al Koot has changed its operations, from a captive insurer to QP group to a fully commercial insurance and re-insurance company in 2016. Al Koot’s relationship with QP has remained strong following such conversion.

The ultimate shareholding of Al Koot by GIS and QP has not changed as a result of changing Al Koot operations from captive to commercial. Al Koot is expanding its operation to encompass a more diverse portfolio of operations in Qatar and the GCC region at large.

Following a Government directive Al Koot i​s now a commercial insurer and reinsurer and achieved an S&P rating of A- in 2015.

Al Koot uses best practices in operations, business processes and marketing and continues to seek the best benchmarks for management, operating practices, training, branding and customer value.
Despite operating out of a highly competitive marketplace, QLM retains customers with high-valued Life and Health Insurance products and services by providing them with the most satisfying ownership experience regardless of where they may be. As both lines of our business – Life and Medical are service intensive and sensitive; we have always focused on our unique service delivery model and customer service philosophy and have achieved commendable success and unprecedented levels of customer satisfaction.

At QLM we have ensured that the key differentiation between Group Life and Individual Life is handled with innovative group underwriting and higher non-medical limits. We have always believed in the tenet, “Life Insurance is for living individuals”, and thus ensure to bundle living benefits with death benefits in a traditional Life Insurance policy.

Medical Insurance is not only used by people who fall sick, but is also used by individuals to ensure wellness. Living a whole and healthy life is every human’s right and we ensure that every individual beneficiary covered by us is protected in a comprehensive manner and has timely access to the best healthcare services.

For the coming years, our focus will be on growing Life and Medical business with customer centric innovative products and services. We are confident of achieving new milestones in growth while enhancing the current customer ecstasy levels. We are gearing up for FIFA World Cup 2022 to bring in specialised package products.

By making QLM as the provider of choice for all Life and Medical Insurance solutions, multiplying the value of shareholders and enhancing the legacy of the Group, we demonstrate our commitment to the Group.

Mr. Salem Khalaf Al Mannai

Despite operating out of a highly competitive marketplace, QLM retains customers with high-valued Life and Health Insurance products and services by providing them with the most satisfying ownership experience regardless of where they may be. As both lines of our business – Life and Medical are service intensive and sensitive; we have always focused on our unique service delivery model and customer service philosophy and have achieved commendable success and unprecedented levels of customer satisfaction.

At QLM we have ensured that the key differentiation between Group Life and Individual Life is handled with innovative group underwriting and higher non-medical limits. We have always believed in the tenet, “Life Insurance is for living individuals”, and thus ensure to bundle living benefits with death benefits in a traditional Life Insurance policy.

Medical Insurance is not only used by people who fall sick, but is also used by individuals to ensure wellness. Living a whole and healthy life is every human’s right and we ensure that every individual beneficiary covered by us is protected in a comprehensive manner and has timely access to the best healthcare services.

For the coming years, our focus will be on growing Life and Medical business with customer centric innovative products and services. We are confident of achieving new milestones in growth while enhancing the current customer ecstasy levels. We are gearing up for FIFA World Cup 2022 to bring in specialised package products.

By making QLM as the provider of choice for all Life and Medical Insurance solutions, multiplying the value of shareholders and enhancing the legacy of the Group, we demonstrate our commitment to the Group.

Allianz offers a wide range of insurance and fund products to over 100 million customers in more than 70 countries.

Our retail and corporate clients enjoy an extensive product selection in all insurance business lines, designed to protect them against any risks. We are one of the leading insurers, both property and casualty and life and health.

Most markets are served by local Allianz companies; in addition, there are also business areas with a global reach, for example the insurance of global corporate customers, credit insurance, assistance services and re-insurance.

As of December 31, 2019, with approximately 2,268 billion euros assets under management, we are one of the largest asset managers in the world managing assets with active investment strategies.

We run the Asset Management business out of two distinct investment management businesses, 
Allianz Global Investors (AllianzGI)
 and 
PIMCO
. Both units operate under Allianz Asset Management (AllianzAM).

Particular strongholds include the United States, Germany, France, Italy, the United Kingdom and the Asia-Pacific region. As of December 31, 2019, Allianz managed 1,686 billion euros of third-party assets.

Business Operations

Allianz offers a wide range of insurance and fund products to over 100 million customers in more than 70 countries.

Our retail and corporate clients enjoy an extensive product selection in all insurance business lines, designed to protect them against any risks. We are one of the leading insurers, both property and casualty and life and health.

Most markets are served by local Allianz companies; in addition, there are also business areas with a global reach, for example the insurance of global corporate customers, credit insurance, assistance services and re-insurance.

As of December 31, 2019, with approximately 2,268 billion euros assets under management, we are one of the largest asset managers in the world managing assets with active investment strategies.

We run the Asset Management business out of two distinct investment management businesses, Allianz Global Investors (AllianzGI) and PIMCO . Both units operate under Allianz Asset Management (AllianzAM).

Particular strongholds include the United States, Germany, France, Italy, the United Kingdom and the Asia-Pacific region. As of December 31, 2019, Allianz managed 1,686 billion euros of third-party assets.