Qatar Insurance Company (QIC) has launched personal cyber insurance coverage to protect individuals against cyber risks.
This policy aims to provide financial safeguards for online threats including those related to online shopping and the use of internet-connected devices.
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The coverage encompasses financial losses due to credit card fraud, cyberattacks, cyber extortion, damage to connected devices and wearables, incidents of online shopping fraud, identity theft and phishing scams.
It also extends to cover theft of funds and ransom payments in cases of cyber extortion.
QIC CEO Salem Al Mannai added: “In line with the National Cyber Security Strategy 2024–2030 and the objectives of Qatar National Vision 2030, QIC is proud to be the first insurer to introduce this ground-breaking personal cyber insurance in the country.
“As Qatar continues its digitalisation at all levels, we are confident that this new product will enhance the confidence with which people in Qatar go online, ensuring our community stays protected while engaging with an increasingly connected world.”
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By GlobalDataThe product is exclusively available to QIC customers and they can purchase it as an add-on to home contents, car and travel insurance policies for an annual premium of QR100.
In November 2024, QIC partnered with Ooredoo Group to develop new insurance solutions by leveraging QIC’s expertise in risk management and integrating it with Ooredoo’s telecommunications infrastructure.
