US-based insurtech company MIC Global is expanding operations by launching its MiIncome product in Qatar with partner Qatar Insurance (QIC).
The move follows regulatory clearance in Qatar for MiIncome, an income-protection offering designed to address short-term earnings interruptions through digital payouts.
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MIC Global plans a phased introduction of the product across Kuwait, Oman and Saudi Arabia.
The collaboration between MIC Global and QIC targets gaps in accessible income-protection options for digitally connected workers and consumers across the Gulf Cooperation Council (GCC).
The embedded insurance solution is distributed via integrations with banks, remittance platforms and telecommunications providers, enabling partners to incorporate cover within their customer journeys.
MIC Global co-founder and CEO Jamie Crystal said: “This is a defining moment for income protection in the GCC. With regulatory approval in Qatar and the strength of our partnership with QIC, we are creating a new, scalable insurance category – one that is digital, accessible and built for how people earn today.
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By GlobalData“From Doha, we see extraordinary momentum to expand across the region and into Asia.”
MiIncome operates on pre-priced, application programming interface-driven infrastructure intended for enterprise adoption in embedded insurance models.
Over the past year, MIC Global has increased its geographic presence from six to 24 countries, providing cover across mobility, property and digital platform ecosystems.
The company said positioning Qatar as its regional base is expected to underpin further GCC expansion and support entry into wider Asian markets, with Doha serving as a hub for its embedded insurance operations.
QIC group CEO Salem Al Mannai added: “Our collaboration with MIC Global reflects QIC’s commitment to innovation and financial inclusion.
“Together, we are enabling a modern form of protection that meets the real needs of individuals and families across the GCC, while supporting the region’s rapidly evolving digital economy.”
