GIC Profile – PDF

Gulf Insurance Company (GIC) was established in 1962. Over the years GIC has grown from being a leading personal and commercial insurer in Kuwait into a regional insurance solutions provider. Its subsidiaries include:

•Saudi Pearl Insurance Company, Saudi Arabia.
•Fajr Al-Gulf Insurance & Reinsurance Company, Lebanon.
•Arab Misr Insurance Group, Egypt.
•Syrian Kuwaiti Insurance Company, Syria.
•Bahrain Kuwait Insurance Company, Bahrain.


With operations in both life and non-life insurance segments, GIC is currently the largest insurance company in Kuwait in terms of written and retained premiums. Its activities are further supported by first class reinsurance security and the company possesses a ‘BBB+’ interactive credit rating from Standard and Poors. GIC covers a variety of risks related to Motor; Marine and Aviation; Property and Casualty; Life and Health insurance. It prides itself in the quality of products and customer service and enjoys lending utmost personalized attention to both individual and corporate clients. By cultivating a team of over 150 life and non-life insurance consultants trained to offer customers the most practical advises and dedicated attention and a growing network of over 13 branches accessible throughout Kuwait has allowed the company to realize its pledge to be the “insurer of choice”. GIC’s state-of-the-art Internet based information technology system links all of its operations and that of subsidiaries to a mainframe. This process has immensely contributed to company’s efficiency in issuing policies, handling claims, keeping financial accounts and allowing online access to its overseas subsidiaries and reinsurers. A complete database of clients has been built allowing improved Customer Relationship Management, which is a crucial step in customer retention.

GIC intends to implement many ambitious and futuristic projects in order to meet the ever-changing customer needs and exceed their expectations. Apart from being committed to the advancement of insurance industry both in Kuwait and in the Middle East region, GIC plans to continue the regional expansion strategy towards establishing itself as a major player in the regional insurance market and increasing its business portfolio. GIC is a subsidiary of Kuwait Projects Company (Holding) – KIPCO and is thus member of a diversified group of over 50 companies ranging from financial, industrial, real estate, media and information technology to management and advisory. KIPCO group is the largest holding company based in Kuwait with businesses spread across the world and more than US$ 20 billion under management or control. Gulf Insurance … always with you! Address and Contacts

Gulf Insurance Company

Ahmed Al-Jaber Street, Sharq
P.O. Box 1040, Safat 13011, Kuwait
Tel: (965) 1 80 20 80;2296 1999
Fax: (965) 2296 1998
Email: contacts@gulfins.com.kw
Website: www.gulfins.com.kw