Personal Report for Financial Services Term Paper - 1

Personal Report for Financial Services - Term Paper Example Its equity jumped to QR 5.3 billion, and its profits for the years was QR 0.78 billion (Jaghoub, 2013). QIC offers several services caged under Personal and Business Insurance. Under personal insurance QIC offers Home Care, which essentially covers your home and everything within its confines. Premier Automobile Insurance is tailored to insure your vehicle, family and whoever else is caught up in an accident or car crash involving your automobile. Travel care covers clients on holiday in whatever part of world by providing quality medical care and life insurance (Ali, 2013). Under the Business Insurance segment, QIC offers corporate medical and Motor insurance for companies under their plan. They also offer Marine and Aviation Insurance, which essentially covers cargo that is transported via water and air, most of which is vulnerable to natural hazards, pirate activities, collision and pollution liabilities (Ali, 2013). They also cover any damage to the sea vessels or aircrafts during the course of freight.QIC also diversifies into financial advisory and real estate, which has seen its margins grow exponentially in the recent past. Under real estate, the company invests its funds in property development and purchase of real estate. QIC management team also offers financial consultancy services to other companies with the aim of steering them into profitability (Ali, 2013). The service quality of QIC is exemplary. It offers a wide array of services, most of which are tailored to met specific needs. They are known to make payments on time incase claims are made. Their valuations are commensurate to the damage inflicted on an individual or property (Ali, 2013). Being an underwriter in its on right, QIC has been issued a Rating A/Stable in financial strength and Issuer Credit, confirming that the company is excellent in risk adjustment capitalization, above average