Qatar Insurance Company (QIC) has introduced a personal cyber insurance policy, offering comprehensive protection to individuals in Qatar against a wide range of cyber risks, including cyberattacks, online fraud, identity theft, and cyber extortion. This industry-first coverage is available as an add-on for existing QIC customers with home contents, car, or travel insurance, costing QAR 100 annually.
Salem Al Mannai, QIC’s group CEO, highlighted the policy’s alignment with Qatar’s National Cyber Security Strategy 2024-30 and the Qatar National Vision 2030. He emphasized the country’s high internet penetration and growing exposure to cyber threats, which can result in significant financial losses.
In a related development, QIC partnered with Ooredoo Group in November 2024 to develop innovative insurance solutions leveraging QIC’s risk management expertise and Ooredoo’s telecommunications infrastructure, aiming to expand cyber insurance offerings for individuals and SMEs.
