The Qatar Insurance Company is the biggest player in the Qatar insurance market.
The Qatar Insurance Company S.A.Q. (QIC) acts as the Company's Investment Adviser.
QIC was established in 1964 and is one of the oldest property and casualty insurers in the region, operating in several countries across the GCC. QIC was the first domestic insurance company in Qatar and enjoys a dominant market share. QIC is the #1 insurance company in the MENA region and has a global presence with operations in Qatar, UAE (Abu Dhabi and Dubai), Oman, Kuwait, London, Switzerland, Singapore, Bermuda and Malta. Also, QIC has a global reach through Lloyd’s based subsidiary, Antares.
The Investment Adviser's investment department has over 25 years' experience of managing the investment and treasury function for Qatar Insurance Company S.A.Q. The department directly manages an investment portfolio (including cash) of US$2.5 billion as at 30 June 2015 out of which a total of US$535.9 million is invested in the local Qatari equity markets.
QIC is listed on the Qatar Exchange with a market capitalisation of QR18.1 billion (US$5.0 billion) as at 7 October 2015. The Government of Qatar retains a 13.5% shareholding in the company.
Executive Vice President Investments and Treasury
Sandeep Nanda has over 23 years' experience in financial services including extensive experience across the spectrum of financial services, including portfolio and treasury management. Sandeep joined QIC in 2003 to head the investment and treasury function and during his tenure the investment assets have grown multi fold to about US$2.5 billion. He is responsible for the day to day management of the department. Prior to joining QIC, Sandeep was with TAIB Bank EC, a leading global investment bank based in Bahrain, prior to which he was with Deloitte as a Chartered Accountant. Sandeep qualified as a Chartered Accountant in 1992 and is a member of the Institute of Chartered Accountants in India and also holds a B.A. (Hons) in Commerce from the University of Delhi. Sandeep has over 15 years' experience of working in the Middle Eastern Markets and has a wide ranging knowledge of local Qatari equity markets as well as GCC region stock markets.
Jubin Jose joined Qatar Insurance Company in 2007 and has over eight years of investment experience. Prior to QIC, Jubin worked with leading research firms in India focusing on company and industry research. In his current role at QIC he is responsible for the day to day management of the company's portfolio. He holds a masters degree in Economics and an MBA in Finance from the Indian Institute of Finance.