SEIB launches multi-risk product for SMEs

Qatari firm SEIB Insurance and Reinsurance has launched a specialist product for SMEs.

Targeted at SMEs, Maktabi is a multi-risk coverage policy that covers risks including fire, cash on the premises and workers compensation.

According to SEIB, there was a need for an umbrella policy because small firms previously had to go to multiple providers to separately insure different elements of their business.

"With Qatar diversifying its economy on its way to meet the ambitious goals of the 2030 Vision, small and medium enterprises will increasingly take a bigger role in the country's future," commented 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."

Authorised by the Qatar Financial Center Regulatory Authority, SEIB provides bespoke corporate and retail insurance solutions, including complex risk cases.