Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has achieved the prestigious (p) ‘AAA’ ESG rating from MSCI ESG Research—the highest possible rating under MSCI’s globally recognized environmental, social, and governance (ESG) framework.
This exceptional milestone places QIC among the world’s top-performing insurers for ESG excellence and governance resilience. It also solidifies QIC’s position as the first company in Qatar and the only insurer in the MENA region to receive a provisional ESG ‘AAA’ rating from MSCI*, joining an elite group of property and casualty insurers worldwide to earn this distinction.
A Testament to ESG Leadership Effective as of 22 May 2025, the rating highlights QIC’s outstanding performance across key ESG pillars:“The State of Qatar is a proud signatory to the Paris Agreement, and at QIC Group, we have aligned our sustainability strategy with the United Nations Sustainable Development Goals, the Qatar Stock Exchange’s ESG reporting guidelines, and the Qatar Central Bank’s directives to strengthen sustainable practices in the financial sector.
We take great pride in being a model of excellence in sustainability and governance, both in Qatar and across the region. This national achievement is a testament to Qatar’s advanced investment environment and a reflection of the professionalism and efficiency of the country’s regulatory authorities—foremost among them the Qatar Central Bank, which has played a pivotal role in shaping the legislative and regulatory frameworks that empower institutions under its supervision to grow and thrive sustainably.
Achieving MSCI’s ‘AAA’ rating reaffirms our unwavering commitment to sustainability and robust governance. This recognition is a direct result of our clear strategy, disciplined operations, and the tireless efforts of our people to deliver world-class performance across all aspects of our business.
In today’s environment—shaped by climate risk, rising societal expectations, and increased investor focus—ESG excellence is no longer optional. It is a strategic priority that defines long-term value, resilience, and reputation.
At QIC, we see ESG as more than a responsibility—it is an opportunity to lead with purpose, build trust, and contribute to the sustainable transformation of financial services in Qatar and across the region. MSCI’s recognition further strengthens our resolve to set new benchmarks, continuously elevate our performance, and champion sustainable finance throughout MENA.”
Outperforming Regional and Global PeersWith a weighted, industry-adjusted ESG score of 9.7, QIC significantly outperformed both regional and global industry averages, placing it among a select group of global peers that have achieved the ‘AAA’ rating.
MSCI ESG Research specifically commended QIC for:This forward-thinking project is expected to significantly enhance air quality, conserve water resources, protect local ecosystems, and contribute to Qatar’s long-term environmental sustainability.
This milestone is the result of a long-standing journey of commitment and dedicated work towards achieving the highest standards of sustainability. Qatar Insurance Group was the first insurance company in the Middle East to sign the Principles for Sustainable Insurance (PSI) under the United Nations Environment Programme Finance Initiative (UNEP-FI) last year, underscoring its leadership and pioneering role in this field.
The Group remains firmly committed to supporting Qatar’s national efforts to reduce greenhouse gas emissions by 25% by 2030, in line with the country’s national strategy. QIC Group has also established a comprehensive ESG governance framework and developed a long-term strategy to embed sustainability principles into both its underwriting philosophy and asset management practices.
To ensure these efforts are fully integrated across the Group, a dedicated Sustainability Committee has been established to lead this strategic direction and drive the achievement of its ambitious objectives.
About MSCI ESG Ratings: MSCI is one of the world’s leading ESG Ratings agencies. Its ESG Ratings aim to measure a company’s management of financially relevant ESG risks and opportunities. The company uses a rules-based methodology to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers. ESG Ratings range from leader (AAA, AA), average (A, BBB, BB) to laggard (B, CCC).
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