Doha Bank’s insurance arm opens 1st branch

Doha Bank’s wholly-owned insurance subsidiary Doha Bank Assurance Company (DBAC) has opened the first insurance branch fully dedicated to retail on the ground floor of its C-Ring Road headquarters. In addition to the comprehensive insurance services offered by DBAC to corporate and SME customers, DBAC offers personal lines business, motor, buildings and contents, medical, travel and personal accident  insurance coverage both “off the shelf” and “tailor made” to suit  the individual customer’s insurance needs. Doha Bank Group CEO Dr R Seetharaman said, “Established as a key element in the provision of enhanced financial services of Doha Bank to its customers, DBAC is an important component in the group’s ongoing efforts to continue to expand its range of services and to continue to grow and evolve as a one-stop shop for top quality financial services. “DBAC has already established a presence in the Qatar general insurance market for corporate, SME and reinsurance customers and has now reached a new milestone by entering the retail general insurance segment. “In addition, the retail division of Doha Bank will continue, to offer life insurance services through its bancassurance outlet on the second floor at C Ring Road.” DBAC is the first general insurance company promoted by a Qatari bank to be licensed by the Qatar Financial Centre Regulatory Authority. DBAC has also achieved the ISO 9001:2008 certification, a global symbol of compliance with established standards and business excellence. DBAC has also been awarded Counterparty Credit & Insurer Financial Strength rating of BBB/Stable by Standard & Poor’s. from gulf times.