Bahrain Kuwait Insurance Company B.S.C. (BKIC) was established in 1975 with Bahraini and Kuwaiti shareholders. By virtue of its shareholding structure, BKIC enjoys national status in Bahrain as well as Kuwait, the only company to enjoy such a privilege. The company’s shares are listed in the stock exchanges of both countries.
BKIC transacts all classes of general insurance, the major categories being Fire, General Accident, Engineering, Marine Cargo, Motor, Group Life and Health. Since its establishment, BKIC has enjoyed steady growth in various areas and built a solid relationship with its customers based on integrity, mutual trust and financial strength. BKIC was the first insurance company in Bahrain to have been interactively rated by an independent international rating agency and currently enjoys A- (Excellent) rating of A M Best. The company has grown to become the market leader in the Insurance Industry in Bahrain since the year 2008 in terms of gross premium and net profits, with a total gross premium income of BD 39.766 million in 2015.
Gulf Insurance company (GIC), which is owned by Kuwait Projects Company (KIPCO) and Fairfax Financial Holdings Limited, became the largest shareholder of the BKIC in 2008, with a share of 56.12% currently. In May 2013, BKIC launched the newly adopted identity by the Gulf Insurance Group (G.I.G.) companies so as to reflect a unified brand identity across the group companies.