SEIB Insurance and Reinsurance (SEIB) has launched a new insurance product ‘Maktabi’, which is a multi-risk coverage policy, for small and medium enterprises (SME) in Qatar.

Under the single policy, company provides coverage from fires, to cash on the premises, and workmen compensation.

SEIB’s chief executive officer Farid Chedid said with Qatar diversifying its economy on its way to meet the ambitious goals of the 2030 Vision, SMEs will play a bigger role in the country’s future.

"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," Chedid said.

"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."