Doha, Qatar - 26 November 2024: Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region, has announced its sponsorship of the Qatar Travel Mart (QTM) 2024,  for the third time in a row, held at the Doha Exhibition and Convention Center from 25 to 27 November 2024.

QTM 2024 will feature a QIC pavilion where both visitors and travel experts can discover the company’s latest insurance products and find out how QIC contributes to the financial well-being of outbound and inbound travelers.

Commenting on this sponsorship, Mr. Salem Al Mannai, QIC Group CEO, said: “Travel and tourism are critical components of Qatar's economic diversification strategy and are significant contributors to Qatar's GDP. The increased economic activity creates a ripple effect, enhancing the demand for ancillary services, including insurance. Being the official insurance sponsor of QTM 2024 reflects this dynamic interplay between the travel and tourism sector and the insurance industry and our commitment to contributing to initiatives that aim to cement Qatar’s position as a major regional hub for inbound tourism.”

QIC expects demand for inbound and outbound travel to keep surging this winter, with more Qatar-based travelers opting for winter trips, and further international visitors arriving in Qatar in December 2024 and January 2025. According to QIC’s statistics, 90% of travelers who have already planned their trips during the winter peak season with a QIC policy in hand are considering vacations lasting 2 weeks or more. 65% of QIC outbound travel policyholders who have already scheduled their winter trips consider the Schengen area, with Poland, Germany and France being the trendiest destinations this season respectively.

This year, QIC has been crowned “Best Travel Insurance Company in The Middle East” for the second consecutive year at the Global Banking & Finance Review Awards 2024. This prestigious accolade comes in recognition of QIC’s outstanding performance at the levels of travel products’ digitalization and customer service excellence regionwide, offering both outbound and inbound travelers the most convenient online experiences with extensive coverages that make their trips to and from the region safe and enjoyable.