About Ahmed Rafee Al-Emadi Ahmed Rafee Al-Emadi is the Chief Executive Officer of Al Koot Insurance and Reinsurance and a member of the Board of Directors. Mr. Al Emadi joined QP Finance Department in 1985 and is a QP Secondee. Before his position in Al Koot he held different positions in QP Finance including Manager of Management Accounting. He has over 30 years of experience. Finance Monthly Insurance Awards 2023 Qatar 55 www.finance-monthly.com About Al Koot Insurance and Reinsurance Named after a historical fort, Al Koot - one of the oldest forts in the country built in the Ottoman period in 1880 when Doha was little more than a village - the company is a symbol of protection for the Energy Industry. Al Koot was initially incorporated in 2003 by a Ministerial decree as a 100 percent owned captive insurance company for Qatar Petroleum (“QP”). In 2007 AL Koot expanded its role by forming a Medical department that provides Medical insurance and Group life. In 2008, QP transferred the ownership of Al-Koot to Gulf International Services (GIS), a public shareholding company. Al Koot has changed its operations, from a captive insurer to QP group to a fully commercial insurance and re-insurance company in 2016. Al Koot’s relationship with QP has remained strong following such conversion. The ultimate shareholding of Al Koot by GIS and QP has not changed as a result of changing Al Koot operations from captive to commercial. Al Koot is expanding its operation to encompass a more diverse portfolio of operations in Qatar and the GCC region at large. Following a Government directive Al Koot is now a commercial insurer and reinsurer and achieved an S&P rating of A- in 2015. Al Koot uses best practices in operations, business processes and marketing and continues to seek the best benchmarks for management, operating practices, training, branding and customer value. Al Koot Insurance and Reinsurance Company is committed to provide a first class service to its clients. Meeting our clients’ expectations by delivering a speedy, fair, and transparent claims settlement. In the case of unfortunate event that can lead to a claim under your insurance policy with Al Koot, you can contact our professional claims team, who will assist you during all stages of claims processing, to ensure that the process meets the highest expected standards. Our Vision To be the premier insurance and reinsurance provider by leveraging our capabilities and strategic assets to serve our customers’ needs and expectations through world-class and innovative solutions. Our Mission To provide world-class and innovative insurance and reinsurance solutions to our customers and create value for our stakeholders through a focus on commercial success. Our Values • Integrity • Innovation • Customer Service • Reliability
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