|
Al Koot Insurance & Reinsurance Co. Signs Health
Insurance Contract with Qatar Airways
May 22, 2019
Gulf International Services (GIS) announced that Al Koot Insurance &
Reinsurance Company, a subsidiary of GIS, has signed a health
insurance contract to provide health care services to Qatar
Airways staff and their families for a two-year period, starting
June 1, 2019. With this contract, Al Koot is now managing around
140,000 insured members in the State of Qatar.
As per the contract, Al Koot will provide healthcare services to
Qatar Airways employees and their families through its wide
network, which is considered one of the largest networks of
medical service providers in Qatar.
On this occasion, Mr. Ahmed Rafea Al-Emadi, Al Koot’s CEO, expressed
his pride in earning the confidence of Qatar Airways and said:
“As a key client, we are keen to serve Qatar Airways and promote
the relationship of trust. We are confident of our ability to
serve their employees’ needs with high quality services. At the
same time, this contract denotes Al Koot's success in rebuilding
in-house capabilities. Al Koot has reinforced its experienced
teams with innovative technological solutions resulting into
acquiring one of the largest networks amongst insurance
companies in the region, reflecting the strong financial
capabilities and technical experience the company has built over
more than 15 years of operation,” he added.
The contract comes in line with GIS' strategy to capture new
business opportunities that would potentially help increase
revenues and ultimately maximize shareholder value, as it
largely increased the insured members of Al koot in the medical
line of business, expanding the company’s presence in the local
market.
|