FROM LEFT: Peter Choueiri, Senior Partner at Roland Berger; Hassan Al Efrangi, Group Chief Executive Officer at Qatar General Insurance & Reinsurance Company (QGIRCO); Wolfgang Hach, Senior Partner at Roland Berger; and Noura Al Maraghi, Head of Corporate
Qatar General Insurance & Reinsurance Company (QGIRCO) has signed an agreement with Roland Berger, a leading global consultancy firm, with the aim of utilising their expertise in enhancing the company’s strategy and operations. Roland Berger will assist in identifying changes and opportunities that will lead to long-term sustainable growth and a strong market position in the insurance industry. In addition, Roland Berger will review several key operational aspects including key policies, technological advancements, and HR operations.
Addressing a press conference yesterday, Hassan Al Efrangi, Group Chief Executive Officer at QGIRCO, expressed his pleasure with the new partnership with Roland Berger. He said: “After 40 successful years, QGRICO is considered as one of the leading insurance companies domestically and internationally. QGIRCO has a strong foundation and is investing for the future with this agreement, by defining its strategy, evaluating all business lines, assessing product development, identifying technological enhancements and enriching insurance related activities that will lead to long-term sustainable growth and increase shareholders’ value. We look forward to working with Roland Berger to achieving the company’s long-term goals and vision”.
In a statement, Dr Fabian Engels, Senior Partner at Roland Berger, added: “We are honoured to be selected as QGIRCO’s strategic consultant. We consider QGIRCO to be one of the leading insurance companies in the Qatari market which has the required foundation to grow further and to be an industry leader. Roland Berger has assisted various insurance and reinsurance companies in successfully developing and aligning their business models and has accumulated the expertise to support QGIRCO in achieving their long-term goals and vision. We look forward to the successful engagement with QGIRCO.”
Wolfgang Hach, Senior Partner at Roland Berger, added: “It’s always important to have a joint strong team to have the strategy go forward. Our task is to bring in experience and best practice from international companies. It’s important to have a client-centric view, and to see how technology can support us in providing the right services and right products to the local Qatari market”.
Peter Choueiri, Senior Partner at Roland Berger, Noura Al Maraghi, Head of Corporate Communication & Government Relation at QGIRCO, and other officials from both companies were also present during the event.
