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Monday, October 23, 2017
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Overview
with Gulf Insurance Group, K.S.C.
with Gulf Insurance Group (GIG) is Kuwait's largest commercial and personal lines insurer. Founded in 1962 it stands today as one of the oldest insurance companies in Kuwait and the Gulf countries. Current paid-up capital stands at KD. 16, 965,000. It is a publicly traded company listed on the Kuwaiti Stock Exchange.

The Company and subsidiaries have a rating of BBB+ with positive outlook by Standard and Poor's as of 2008.

GIG underwrites individual lines as well as corporate business including Marine cargo and hull, aviation, energy, property, liability, motor, engineering, life and health.

GIG's subsidiaries include:
  1. Saudi Pearl Insurance Company - Saudi Arabia
  2. Fajr Al-Gulf Insurance & Reinsurance Company - Lebanon
  3. Bahrain Kuwaiti Insurance Company - Bahrain
  4. Syrian Kuwaiti Insurance Company. - Syria
  5. Arab Misr Insurance Group - Egypt
  6. Gulf Life Insurance Co. - Kuwait
  7. Arab Orient Insurance Company - Jordan
In 2008 the GIG group achieved
  • Gross Written Premium of KD 86,609,378
  • Net underwriting results of KD 8,046,102
  • Net Profit of KD 4,899,211.
The company has truly become a model for growth and profitability in Kuwait and the region.