Qatar’s SEIB Launches Small Business Insurance Solutions

SEIB Insurance and Reinsurance LLC (SEIB) launched its new insurance product, ‘Maktabi’, targeted at small businesses in Qatar. ‘Maktabi’ is a multi-risk coverage policy, ensuring that all aspects of the businesses are secured.
“With Qatar diversifying its economy on its way to meet the ambitious goals of the 2030 Vision, Small and Medium Enterprises (SMEs) will increasingly take a bigger role in the country’s future,” explained Mr. Farid Chedid, SEIB’s Chief Executive Officer. “With our new insurance product ‘Maktabi’, these businesses can rest assured to know that practically all aspects of their company can be covered under our policy. On the road to 2030, it is important for these business owners to know that the future backbone of Qatar’s economy, is in a sense, secured.”

This multi-risk insurance policy covers everything from fires, to cash on the premises, and workmen compensation. Prior to the launch of this product, most small firms had to go to multiple insurance providers to separately insure different elements of their business. Now with SEIB’s ‘Maktabi’, all insurance requirements can be covered under the umbrella of one policy. “Our strategy is to formulate products and services that are not only comprehensive, but convenient for the benefactors,” said Mr. Chedid. “‘Maktabi’ is a result of that strategy. Furthermore, this product can fit within the limited budget of most businesses, and of course, owners can benefit from our famous speedy claim service that has been popular with all our customers.”

Authorized by the Qatar Financial Center Regulatory Authority, SEIB provides tailor-made corporate and retail insurance solutions, and is especially known for handling complex risk cases.

Press Release