QIC Group Announces Successfull Restructuring Of Its Uk Motor Business Thereby Reducing Exposure To UK Motor Business Notably

Doha – Qatar, Thursday 8th August 2024: Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the MENA region, announces a strategic restructuring of its UK motor business. This restructuring is in line with QIC Group’s strategy to streamline loss-making and low margin businesses and to bring the international operations of the Group back to profitability. By successfully completing this restructuring, the Group is confident that its international business will continue reporting consistent profitability by focusing on less volatile lines of businesses.

This restructuring positions the