Al Koot Insurance and Reinsurance Company has signed a health insurance contract with Qatar Airways. Al Koot, a subsidiary of Gulf International Services (GIS) will 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 Qatar. Al Koot CEO Ahmed Rafea Al Emadi said: “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.”
The contract comes in line with GIS’ strategy to capture new business opportunities that would potentially help increase revenues and ultimately maximise 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. The company’s health insurance portfolio includes a number of important institutions and companies operating in Qatar.