GCC: Qatar Insurance Group makes strategic investments in InsurTech startups

Source: Middle East Insurance Review | Apr 2025

To strengthen its regional leadership and global expansion, Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has announced strategic investments in three InsurTech startups.

The three investee companies are Jaguar Transit, MIC Global and Digital Petroleum, said QIC in a statement.

These investments are made with ambitious expansion plans not only in the Middle East but also into new global markets relevant to each company. Through the partnerships, QIC aims to offer innovative insurance solutions in GCC markets, including Qatar, Saudi Arabia and the UAE, as well as markets in Asia such as Singapore and India, and developing African markets.

MoUs relating to the investments were signed with the three InsurTechs separately at QIC’s headquarters, in the presence of group CEO M Salem Al Mannai, alongside Jaguar Transit founder and CEO Japhire Gopi Kannan, MIC Global SVP global partnerships and innovation Mike Eksteen and Digital Petroleum CTO Fakhruddin Murabet. M

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