QIC launches new personal cyber insurance coverage

Doha, Qatar: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has introduced its new personal cyber insurance, an inno...

Doha, Qatar: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has introduced its new personal cyber insurance, an innovative coverage designed to protect individuals from cyber risks, ensuring they can navigate their digital lives with extra confidence.

QIC’s new personal cyber insurance is the first in Qatar to offer individuals a comprehensive financial protection against the cyber risks of daily online life, including those occurring while shopping online and using connected devices.

With a QIC personal cyber insurance policy in hand, individuals in Qatar can now fulfill their digital needs worry-free knowing they are protected against financial losses from cyberattacks, online shopping fraud, credit card fraud, phishing scams, cyber extortion threats, identity theft, and cyber damage to their connected devices and wearables. In the event of a covered cyberattack, the insured person will benefit from financial support to restore or retrieve their digital systems and data.

The policy also covers theft of funds, and ransom payments in the case of cyber extortion, ensuring that customers have the backing they need to recover without bearing the financial burden alone.

Commenting on the new product, Salem Al Mannai (pictured), Group Chief Executive Officer, said: “Qatar is one of the most connected countries in the world, with one of the highest internet penetration rates. People rely heavily on the internet for their daily needs, which can increase their exposure to cyber threats and risks, sometimes leading to significant financial losses. As Qatar’s leading insurer, our responsibility is to empower everyone to navigate the digital world with confidence, staying protected while enjoying the convenience of a networked life.”