About Us
About Us
Sharq Insurance is a wholly owned subsidiary of Doha Bank and licensed by Qatar Financial Center Regulatory Authority.
Company Overview
Sharq Insurance LLC, formerly known as Doha Bank Assurance Company LLC ('DBAC'), was established in 2007 as part of Doha Bank's strategy to create a "one-stop shop" financial services provider and offers general insurance products. The company is a wholly owned subsidiary of Doha Bank and is licensed / regulated by Qatar Financial Centre Regulatory Authority.
Sharq Insurance facilitates the management of general insurance risk protection to both commercial & personal line clients with comprehensive insurance solutions and provides hassle-free claims services. The company is supported by a panel of 'A' rated reinsurers to reduce "pay out" risks on large insurance claims. Sharq Insurance's clientele includes large Qatari corporations, as well as government institutions.
The company offers a wide range of insurance products, including contractors' all risks insurance, property and equipment insurance, public liability insurance, group medical and motor insurance. These products are marketed through a variety of distribution channels to bank/non-bank clients and insurance brokers, with Sharq Insurance's primary focus on the convergence of the bank's customer base through its risk advisory/product services.
In the coming years, Sharq Insurance will focus on building a unique brand, which will be an important component toward building consumer trust, loyalty & professional reputation as we expand further into marketplace. The company is developing a new marketing strategy and digital transformation to maximize internal and external distribution channel opportunities.
In addition to providing a competitive customer value proposition, Sharq Insurance will also maintain focused efforts on its strong risk management framework, underwriting controls and capital adequacy as demonstrated by its ratings and ISO accreditation upgrade.
Our Parent Company … Doha Bank
Doha Bank is one of the leading private commercial banks in the State of Qatar. It was incorporated in 1978 and commenced its domestic and international banking services in Doha, Qatar on March 15, 1979.
As one of Qatar's leading banks, Doha Bank is committed to making banking work for customers and clients like it never has before. Through innovative technologies and the ingenuity of its people, Doha Bank provides individuals and commercial, corporate and institutional clients across Qatar and internationally, new and better ways to manage their financial lives. The company enables customers to do their banking and investing whenever, wherever and however they choose through an extensive network, and multiple access channels.
Visit Doha Bank on www.dohabank.com.qa