Qatar Insurance coverage Firm (QIC) has launched private cyber insurance coverage protection to guard people in opposition to cyber dangers.
This coverage goals to supply monetary safeguards for on-line threats together with these associated to on-line buying and using internet-connected units.
The protection encompasses monetary losses attributable to bank card fraud, cyberattacks, cyber extortion, injury to linked units and wearables, incidents of on-line buying fraud, identification theft and phishing scams.
It additionally extends to cowl theft of funds and ransom funds in instances of cyber extortion.
QIC CEO Salem Al Mannai added: “In keeping with the Nationwide Cyber Safety Technique 2024–2030 and the goals of Qatar Nationwide Imaginative and prescient 2030, QIC is proud to be the primary insurer to introduce this ground-breaking private cyber insurance coverage within the nation.
“As Qatar continues its digitalisation in any respect ranges, we’re assured that this new product will improve the boldness with which individuals in Qatar go surfing, guaranteeing our neighborhood stays protected whereas partaking with an more and more linked world.”
The product is completely out there to QIC prospects they usually should buy it as an add-on to residence contents, automotive and journey insurance coverage insurance policies for an annual premium of QR100.
In November 2024, QIC partnered with Ooredoo Group to develop new insurance coverage options by leveraging QIC’s experience in danger administration and integrating it with Ooredoo’s telecommunications infrastructure.
“QIC unveils private cyber insurance coverage providing ” was initially created and revealed by Life Insurance coverage Worldwide, a GlobalData owned model.
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