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BKIC News

10 11 2024

Bahrain Kuwait Insurance Company B.S.C. discloses its financial results for the nine months ending 30th September 2024, with a net profit exceeding BD 4 million

Bahrain Kuwait Insurance Company (BKIC) B.S.C. (trading code in Bahrain Bourse “BKIC” and in Boursa Kuwait “BKIKWT”) announced its consolidated financial results for the nine months ended 30th September 2024.

28 10 2024

A.M. Best International affirms credit rating of A- (Excellent) with stable outlook of Bahrain Kuwait Insurance Company B.S.C.

Further to its annual review, A.M. Best International has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “A-” of Bahrain Kuwait Insurance Company B.S.C. (BKIC), and the outlook for both ratings is stable.

13 08 2024

Bahrain Kuwait Insurance Company discloses its Financial Results for the Half Year ended 30th June 2024 showcasing 6% increase in Net Profit

Bahrain Kuwait Insurance Company (BKIC) B.S.C. (trading code in Bahrain Bourse “BKIC” and in Boursa Kuwait “BKIKWT”) announced its consolidated financial results for the six months ended 30th June 2024 The financial results for the three months ended 30th June 2024 The consolidated financial results presented a net profit attributable to the shareholders of BD 1.258 million, showing a slight decline of 0.5% compared to BD 1.264 million in the same period last year.

13 05 2024

Bahrain Kuwait Insurance Company B.S.C. announces its financial results for the First Quarter ended 31 Mar 2024 showcasing 11% increase in Net Profit

Bahrain Kuwait Insurance Company (BKIC) B.S.C. (trading code in Bahrain Bourse “BKIC” and in Boursa Kuwait “BKIKWT”) announced its consolidated financial results for the three months ended 31st March 2024.

08 04 2024

Bahrain Kuwait Insurance Company (BKIC) Introduces it’s online distance based motor insurance; Rewarding Drivers with up to 20% Cashback and making Bahrain Greener.

Bahrain Kuwait Insurance Company (BKIC), a leading provider of innovative insurance solutions, is proud to announce the launch of its first distance-based motor insurance service. The new cashback motor insurance service rewards drivers with up to 20% cashback based on the distance they drive.

28 03 2024

The General Assembly of Bahrain Kuwait Insurance approve 25% Cash dividend

Bahrain Kuwait Insurance Company (B.S.C.) held its Annual General Meeting (AGM) for the financial year 2023 on Thursday 28th March 2024 at 10:30 am at the Company’s Head office in Seef District with a quorum of 86.20%, and in the presence of representatives of the relevant regulatory authorities. The General Assembly approved the Board of Directors’ recommendation to distribute a cash dividend of 25% equivalent to 25 fils per share amounting to BD 3,726,095 (excluding the treasury shares). The General Assembly also approved the rest of the agenda items of this meeting.

11 03 2024

Bahrain Kuwait Insurance Company (B.S.C) Inaugurates GIG Bahrain Technology Lab at Bahrain Polytechnic

In the presence of His Excellency Engineer Wael bin Nasser Al Mubarak, Minister of Municipal Affairs and Agriculture and Chairman of the Board of Trustees of Bahrain Polytechnic and Dr. Abdulla Sultan, CEO of Bahrain Kuwait Insurance Company (B.S.C.), one of the leading insurance companies in the region, inaugurated the GIG Bahrain Technology Lab in one of Bahrain Polytechnic's main buildings. This strategic partnership aims to create a state-of-the-art learning environment equipped with the latest technology.

29 02 2024

Bahrain Kuwait Insurance Company B.S.C. discloses its financial results for the year ended 31st December 2023 showcasing another milestone with net profit exceeding BD 5 million.

Bahrain Kuwait Insurance Company (BKIC) B.S.C. (trading code in Bahrain Bourse “BKIC” and in Boursa Kuwait “BKIKWT”) announced its consolidated financial results for the year ended 31st December 2023.

12 11 2023

With a net profit of BD 3.96 million, Bahrain Kuwait Insurance Company B.S.C. discloses its financial results for the nine months ended 30th September 2023

Bahrain Kuwait Insurance Company (BKIC) B.S.C. (trading code in Bahrain Bourse “BKIC” and in Boursa Kuwait “BKIKWT”) announced its consolidated financial results for the nine months ended 30th September 2023

15 10 2023

A.M. Best International affirms credit rating of A- (Excellent) with stable outlook of Bahrain Kuwait Insurance Company B.S.C.

Subsequent to its annual review, A.M. Best International has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of “a-” of Bahrain Kuwait Insurance Company B.S.C. (BKIC), and the outlook for both ratings is stable.

02 10 2023

Bahrain Kuwait Insurance Co. Launches (ELEVATE) A Future Leadership Program (ELEVATE) to Develop Top Talents for Key Organizational Roles

Bahrain Kuwait Insurance Co (BKIC) is proud to announce the introduction of its highly anticipated Future Leadership Program (ELEVATE). This innovative program aims to identify, nurture, and develop the top talents within the organization, preparing them for future leadership roles.

11 09 2023

Bahrain Kuwait Insurance Company recognized as a Great Place to Work

Bahrain Kuwait Insurance Company B.S.C. is proud to be Certified™ as a Great Place to Work® after a thorough and independent analysis conducted by Great Place to Work® Middle East. This certification is based on direct feedback from employees provided as part of an extensive and anonymous survey about the workplace experience.

13 08 2023

With a net profit of BD 2.8 million, Bahrain Kuwait Insurance Company B.S.C. discloses its financial results for the Half Year ended 30th June 2023

Bahrain Kuwait Insurance Company (BKIC) B.S.C. (trading code in Bahrain Bourse “BKIC” and in Boursa Kuwait “BKIKWT”) announced its consolidated financial results for the six months ended 30th June 2023

23 07 2023

Bahrain Kuwait Insurance Company sponsors Padel Youth Initiative by the Padel Federation Until 2024, supporting the future of sports in the Kingdom of Bahrain

Bahrain Kuwait Insurance Company (BKIC) is excited to announce its official Platinum sponsorship of the Padel Youth Initiative, organized by Bahrain Padel Federation, until 2024. This collaboration aims to support the future of the sports sector in Bahrain and foster the development of a Padel Academy.

14 05 2023

Bahrain Kuwait Insurance Company B.S.C. discloses its financial results for the three months ending 31st March 2023 based on adoption of the new International Financial Reporting Standards IFRS17 and IFRS9

Bahrain Kuwait Insurance Company (BKIC) B.S.C. (trading code in Bahrain Bourse “BKIC” and in Boursa Kuwait “BKIKWT”) announced its consolidated financial results for the three months ended 31st March 2023 based on adoption of two new Accounting Standards (IFRS17 and IFRS9).

01 03 2023

Bahrain Kuwait Insurance Company B.S.C. (GIG Bahrain) discloses its financial results for the year ended 31st December 2022 with a Historical record Revenue and Net Profit

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC” and in Kuwait Bourse “BKIKWT”) announces its consolidated financial results for the financial year ended 31st December 2022 as follows:

17 01 2023

Promotion of Mr. Ali AlMahel to Senior Manager, Actuarial Department

Bahrain Kuwait Insurance Company B.S.C. (GIG Bahrain) announces the promotion of Mr. Ali AlMahel to Senior Manager, Actuarial Department. The promotion comes as part of the Company’s efforts to support and develop its national talents to undertake leadership positions in line with the Company’s policy and Bahrain Vision 2030 in empowering national competencies.

04 01 2023

Bahrain Kuwait Insurance Co. promotes three of its female employees to executive positions

As part of the national initiative of diversity, inclusion, gender equality and empowering Bahraini women, Bahrain Kuwait Insurance Company promotes Mrs. Fatima Al-Saffar to Chief Financial Officer, Ms. Wedad Hasan Ahmed to Senior Manager – Technical Accounts and Mrs. Aysha Saleh Al-Mahmeed to Senior Manager – HR & Administration.

12 12 2022

Bahrain Kuwait Insurance Co. (GIG Bahrain), becomes the first insurance company in the MENA region to accept Crypto Payments via EazyPay & Binance Pay

Bahrain Kuwait Insurance Co. (GIG Bahrain) announced today that it has signed a payment services agreement with Eazy Financial Services “EazyPay”, Bahrain’s leading and most innovative payment services provider.

14 11 2022

Bahrain Kuwait Insurance Company discloses its Financial Results for the nine months ended 30th September 2022

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) has announced its consolidated financial results for the nine months ended 30th September 2022.

01 11 2022

Bahrain Kuwait Insurance Co. partners with Beema on Bahrain’s First Digital-Only Insurance Platform.

Bahrain Kuwait Insurance Company (BSC) (GIG Bahrain) has launched Beema, the most successful Cashback & Pay-per-kilometer digital-only car insurance platform in the region at www.bkicbeema.bh.

12 10 2022

A.M. Best affirms credit rating of A- (Excellent) with stable outlook of Bahrain Kuwait Insurance Company B.S.C. (GIG Bahrain)

Subsequent to its annual review, A.M. Best International affirmed the financial strength rating A- (Excellent) and the long-term issuer credit rating of “A-“of Bahrain Kuwait Insurance Company B.S.C. (GIG Bahrain), and the outlook for both ratings is stable.

29 08 2022

GIG Bahrain recognized as a Great Place to Work - Bahrain

Bahrain –August 2022– Bahrain Kuwait Insurance Company (GIG Bahrain) is proud to be Certified™ by Great Place to Work® as a Great Place to Work® Bahrain. The prestigious award is based entirely on what current employees anonymously say about their experience working at GIG Bahrain.

26 07 2022

Bahrain Kuwait Insurance Co. (GIG Bahrain) discloses its Financial Results for the Half Year ended 30th June 2022, with a 9% increase in net profit

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) has announced its consolidated financial results for the half year ended 30th June 2022.

13 06 2022

Bahrain Kuwait Insurance Co. unveils its new logo

Bahrain Kuwait Insurance Company (GIG Bahrain), one of the largest leading insurance companies in the region, unveiled its new brand in line with the company's continuous endeavors to move towards sustainable growth and continued success in a rapidly changing and developing insurance environment.

07 06 2022

Cyber insurance considering digital transformation

Bahrain Kuwait Insurance Company organized a First of its kind Cyber Insurance Forum on Thursday, June 2, 2022, held at Awal Hall in the Gulf Hotel.

05 05 2022

BKIC net profit increases by 24% for the three months ended 31st March 2022

Bahrain Kuwait Insurance Company (BKIC) B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) announced its consolidated financial results for the three months ended 31st March 2022.

20 02 2022

BKIC discloses its financial results for the year ended 31st December 2021

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Kuwait Bourse “BKIKWT”) announces its consolidated financial results for the financial year ended 31st December 2021 as follows:

30 01 2022

Cyber Risks Insurance

The leading Insurance company Bahrain Kuwait Insurance Company B.S.C. (gig Bahrain) announced today the revamp of its Cyber Insurance Cover As we are leaping in the digital world, technology is rapidly progressing in our lives and data has become one of the most important assets of any organization. And as any asset that the organization protects against different risks, data should also be protected from cyber-attacks.

12 12 2021

Bahrain Kuwait Insurance Company & Takaful International Company announce the signing of the new Core Application System agreement

Bahrain Kuwait Insurance Company B.S.C (brand logo: gig Bahrain) and its subsidiary Takaful International Company B.S.C (brand logo: gig Bahrain-Takaful) announced the signing of an agreement with Tata Consultancy Services to deploy a the latter’s core insurance product, TCS BaNCS for Insurance.

07 12 2021

Bahrain Kuwait Insurance adds Apple Pay to its Payment Platform

Bahrain Kuwait Insurance Company B.S.C. (gig Bahrain) announced today that it has added Apple Pay to its payment platform for its online channels. Customers will now be able to use this facility to pay their insurance transactions in additional to all other payment methods available.

06 12 2021

New branch opening of Bahrain Kuwait Insurance Company & Takaful International Company

Both Bahrain Kuwait Insurance Company BSC (gig Bahrain) and Takaful International Company BSC (gig Bahrain Takaful) announced today the official opening of their new branch located in a prime location in Sanad. The New branch will serve customers of various areas around Sanad and will be operating 6 days a week from 8.00 AM to 4.00 PM.

07 11 2021

BKIC discloses its financial results for the nine months period ended 30th September 2021

BKIC discloses its financial results for the nine months period ended 30th September 2021

19 09 2021

A.M. Best affirms credit rating of A- (Excellent) with stable outlook of Bahrain Kuwait Insurance and its subsidiary Takaful International

Subsequent to its annual review, A.M. Best Europe – Rating Services Limited affirmed the financial strength rating A- (Excellent) and the long-term issuer credit rating of “a-“ (Excellent) of Bahrain Kuwait Insurance Company B.S.C. (gig-Bahrain) and its subsidiary Takaful International Company B.S.C. (gig-Bahrain Takaful), and the outlook for both ratings is stable.

09 08 2021

Bahrain Kuwait Insurance Company (gig Bahrain) launches its revamped mobile application & website

Bahrain Kuwait Insurance Company (gig Bahrain) announced today the launch of its revamped mobile application gig-GO as well as their website www.gigbh.com that have been redesigned completely with new features and a seamless user experience.

05 08 2021

BKIC discloses its Financial Results for the Half Year ended 30th June 2021

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) has announced its consolidated financial results for the half year ended 30th June 2021.

06 04 2021

BIBF-GIG Group Launch the Islamic Insurance (Takaful) Textbook

As part of its continuous endeavour towards human capital development in the Insurance industry, the Bahrain Institute of Banking and Finance (BIBF) announced the launch of its latest textbook entitled “Takaful: Technical and Operational Aspects”, in a strategic partnership with GIG Group, represented by three of its leading companies; GIG Takaful, GIG Bahrain and GIG Kuwait, to enrich the Insurance library with a specialised and comprehensive reference in Islamic Insurance (Takaful).

30 03 2021

The General Assembly of Bahrain Kuwait Insurance approve 15% Cash dividend and 4.89% Bonus shares

During its Annual General Meeting for the financial year 2020 held virtually via video conferencing on Monday 29th March 2021 at 10:30 am, with a quorum of 86.81%, Shareholders of Bahrain Kuwait Insurance Company (BSC) approved the Board of Directors’ recommendation to distribute a cash dividend of 15% equivalent to 15 fils per share amounting to BD 2,136,140 (excluding the treasury shares). The General Assembly also approved the rest of agenda items of this meeting. Also, the General Assembly approved to distribute Bonus shares of 4.89% of paid-up capital. This will increase the company’s paid-up capital to BD 15,000,000.

15 03 2021

Bahrain Kuwait Insurance Company (gig-Bahrain) is the first Insurance company to join BIBF’s new iconic building

The Bahrain Institute of Banking & Finance (BIBF) is pleased to announce its partnership with Bahrain Kuwait Insurance Company (gig-Bahrain), a subsidiary of Gulf Insurance Group (GIG) which is the largest insurance Group in Kuwait, as it joins the corporate sponsorship project within the BIBF new iconic building at Bahrain Bay.

08 03 2021

Invitation to the Annual General and Extraordinary General Meetings

The Board of Directors of Bahrain Kuwait Insurance Company B.S.C. would like to invite the Shareholders to attend the Annual General and Extraordinary Meetings, which will be held on Monday 29 March 2021 at 10:30 am and 11:00 am consecutively, at Bahrain Kuwait Insurance Company premises in Seef District – Kingdom of Bahrain and via video conferencing. In the absence of quorum, a second meeting will be held on Monday 5 April 2021 at the same time and place. In the absence of quorum on the second date, a third meeting will be scheduled on Monday 12 April 2021 at the same time and place to discuss and adopt the agenda items below:

18 02 2021

BKIC discloses its financial results for the year ended 31st December 2020

The consolidated results for the last three months ending 31st December 2020 registered a net profit attributable to the shareholders of BD 0.73mio compared to a net loss of BD 0.03mio during the same period of the previous year. Earnings per share during the 4th quarter was 5 fils compared to Nil in the same period of the previous year. The total comprehensive income attributable to shareholders increased by 93% from BD 0.741mio in 4th quarter 2019 to BD 1.430mio in the same period of the current year.

26 03 2020

The General Assembly of Bahrain Kuwait Insurance approve 15% Cash dividend

During its Annual General Meeting for the financial year 2019 held at the Company’s Head office in Seef District on Wednesday 25th March 2020, Shareholders of Bahrain Kuwait Insurance Company (BSC) approved the Board of Directors’ recommendation to distribute a cash dividend of 15% (BD 2,140,349) of the paid-up capital, excluding treasury shares. The General Assembly also approved the rest of agenda items of this meeting. Finally, the General Assembly approved the appointment of Mr. Khalid Saoud Alhasan, Shawqi Ali Fakroo, Dr. Emad Jawad Bukhamseen, Mr. Bijan Khosrowshahi, Mr. Thamer Ebrahim Arab and Mr. Mubarak Al Ayyar as representatives of the Board for the financial period (2020-2022). Also, the AGM approved the election of Mr. Murad Ali Murad , Mr. Hasan Mohamed Zainalabedin, Mr. Mohamed Ebrahim Zainal and Mohamed Ahmed Alrayes to this new Board for the same period.

23 02 2020

Board of Directors Nomination Announcement

Bahrain Kuwait Insurance Company B.S.C would like to announce the opening of the election for candidacy of four Board of Directors membership for a New Terms (2020 -2023). The election process will be carried out during the Annual General Meeting dated 25th March 2020.

20 02 2020

BKIC discloses its financial results for the year ended 31st December 2019

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Kuwait Bourse “BKIKWT”) announces its consolidated financial results for the financial year ended 31st December 2019 as follows: The results for the last three months ending 31st December 2019 registered a net loss of BD 31,000 compared to a profit of BD 342,000 during the same period of the previous year. Earnings per share during the 4th quarter was nil compared to 2 fils in the same period of the previous year. The total comprehensive income decreased by 10% from BD 819,000 in 4th quarter 2018 to BD 741,000 in the same period of the current year. The gross premium revenue increased by 2% from BD 32mn in the 4th quarter of 2018 to BD 32.8mn in the same period of the current year. The underwriting profit increased by 29%, from BD 112,000 to BD 144,000 in the 4th quarter of current year. The net investment income decreased by 21%, from BD 181,000 in the 4th quarter of the previous year to BD 143,000 in the 4th quarter of the current year.

04 11 2019

BKIC discloses its financial results for the 9 months ended 30th September 2019

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) announced its financial results for the nine months ended 30th September 2019. The company achieved a net profit attributable to the shareholders of BD 2.73 million, compared to BD 2.81 million in the previous year, registering a decrease of 3%. The company also achieved underwriting profits during the current period of BD 2.08 million, compared to BD 1.84 million of the same period last year, recording an increase of 13%. The gross premium revenue declined by 1%, from BD 49.6 million to BD 48.9 million in the same period this year. The total comprehensive income attributable to the shareholders reached BD 3 million during the current period compared to BD 1.9 million of the same period last year, registering an increase of 57%. The net income from investment increased by 7%, from BD 1.82 million in the first nine months of last year to BD 1.95 million in the same period this year. The Earnings per share were 19 fils compared to 20 fils last year.

06 08 2019

BKIC discloses its financial results for the half year ended 30th June 2019

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) announces its consolidated financial results for the half year ended 30th June 2019. The company achieved a net profit attributable to the shareholders of BD 2.1 million, compared to BD 1.7 million of the same period last year, with an increase of 22%. The underwriting profits increased by 26%, from BD 1.2 million in the first half of last year to BD 1.5 million in the first half of this year. The investment net income increased by 38%, from BD 1.2 million in the first half of last year to BD 1.6 million in the first half of this year. The total comprehensive income attributable to the shareholders reached BD 2 million during the current period compared to BD 1.5 million of the same period last year, registering an increase of 40%. The company achieved gross premium revenue of BD 34.3 million, compared to BD 35 million in last year, with a slight decrease of 2%. Basic Earnings per share were 14 fils during the current period compared to 12 fils of the same period last year.

05 08 2019

BKIC discloses its financial results for the 3 months ended 31st March 2019

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) announces its consolidated financial results for the three months ended 31st March 2019. The company achieved a net profit attributable to the shareholders of BD 794 thousands, compared to BD 1 million of the same period last year, registering a decrease of 24%. The company also achieved underwriting profits of BD 485 thousands during the current period, compared to BD 637 thousands of the same period last year, recording a decrease of 24%. The total comprehensive income attributable to the shareholders reached BD 758 thousands in Q1-2019 compared to BD 1.2 million in Q1-2018, registering a decrease of 39%. In the first three months, the company achieved a gross premium revenue of BD 17.6 million, compared to BD 16.9 million in the same period last year, recording a growth of 4%. The net investment net income increased by 9%, from BD 691 thousands in the first three months of last year to BD 752 thousands in the first three months of this year. The earnings per share were 6 fils in Q1-2019 compared to 7 fils in Q1-2018.

17 02 2019

BKIC discloses its financial results for the year ended 31st December 2018

Bahrain Kuwait Insurance Company B.S.C. (trading code in Bahrain Bourse “BKIC.BH” and in Boursa Kuwait “BKIKWT”) announces its consolidated financial results for the year ended 31st December 2018. The company achieved a net profit attributable to the shareholders of BD 3.2mn, compared to BD 2.6mn in the previous year, registering an increase of 22%. The company also achieved underwriting profits during the current period of BD 1.9mn, compared to BD 1.2mn of the same period last year, recording an increase of 66%. The company achieved a gross premium revenue of BD 81.6mn, compared to BD 59.5mn in the previous year, a growth of 37%. The total comprehensive income reached BD 2.9mn in 2018 compared to BD 2.8mn in 2017. The investment net income increased by 26%, from BD 1.6mn in 2017 to BD 2mn in the current year. The Earnings per share was 22 fils compared to 36 fils last year. It is worth noting that the paid up capital of the company was doubled to BD 14.3mn during 2018.

09 07 2018

A.M. Best affirms credit rating of A- (Excellent) with stable outlook of Bahrain Kuwait Insurance Company B.S.C. (gig-Bahrain)

After the periodic review of the company’s business performance, A.M. Best International affirmed the financial strength rating A- (Excellent) and the long-term issuer credit rating of “a-“ of Bahrain Kuwait Insurance Company B.S.C. (gig-Bahrain), and the outlook for both ratings is stable. In their press release, A.M. Best has confirmed that the rating reflects gig-Bahrain’s strong balance sheet strength, the strong operating performance as well as an appropriate enterprise risk management.

22 02 2018

BKIC Achieves BD 2.6 Million Net Profit in 2017 Board of Directors Recommends 25% Cash Dividend And 100% Bonus shares

The Board of Directors of Bahrain Kuwait Insurance Company (BKIC) in its meeting on Wednesday 21st Feb’2018 approved the financial results for the year ended 31 December 2017 and decided to propose 25% of paid-up Capital (7,150,000) cash dividend equivalent to 25 fils per share, in addition to 100% bonus shares as announced earlier. The BOD also decided to increase the authorized capital from BD 10 million to BD 20 million.

16 08 2017

BKIC achieves a Net Profit of BD 1.14 million in the 1st half of 2017

Bahrain Kuwait Insurance Company’s Board has approved the financial results of the company for the period ended 30 June 2017 in its meeting held on Thursday, 10 August 2017. It should be noted that the consolidated financial statements include the financial statements of Takaful International “subsidiary”, the first Islamic insurance company in the Kingdom of Bahrain and the third largest in terms of gross premiums. In the first half of this year, Bahrain Kuwait Insurance acquired 26.35% of Takaful Intern...

17 05 2017

BKIC records a net profit of BD 504,000 in 1st Qtr. of 2017 and 7% growth in Gross Premium

Bahrain Kuwait Insurance Company Board approved the financial results of the company for the period ended 31st March 2017 in its meeting held on Thursday, 11th May 2017. The Board informed that the company registered a Net Profit of BD 503,845 in the first quarter of this year compared to BD 967,712 in the first quarter of last year. The reduction was mainly due to the increased claims in fire, medical and marine insurances in Bahrain and Kuwait and also due to the increase in unearned premium reserves...

21 08 2016

“Bahrain Kuwait Insurance” improves it web services

Bahrain Kuwait Insurance Company (BKIC) has announced further improvements to its website (www.bkic.com). The improved website comes with a new look and added online services to provide our customers with an excellent and fast track services. This is an important step in the company’s digital and technological transformation, with the objective of making more services available in a modern, easy and precise process and at the highest levels of security....

07 08 2016

“Bahrain Kuwait Insurance” opens new Branch in Saar Mall

BKIC has officially opened its new branch in Saar Mall in the Northern Governorate. Mr. Murad Ali Murad –Chairman of BKIC has cut the ribbon with the presence of the Vice Chairman, Mr. Khaled Al Hasan; the Chief Executive Officer, Mr. Ebrahim Al Rayes; and the executive management of BKIC and the management of Saar mall. Thus, the company has completed its presence in all governorates of the Kingdom....

04 08 2016

BKIC net profit grows by 31% BD2.3 million in the first half of 2016

The Board informed that the net profit in the first half of 2016 increased by 31% to BD 2.3 million compared with BD1.76 million in the first half of 2015. Technical profit registered a growth of 10%, from BD1.34 million to BD1.47 million and investment income increased by 37%, from BD936,000 in the first half of last year to BD1.28 million in the first half of this year net of provision for impairment (BD463,000)....

05 05 2016

Bahrain Kuwait Insurance achieves 20% growth in Gross Premium and 54% in net profit in 1st Quarter 2016

The Board of Directors approved the first quarter 2016 financials of the company in its meeting held on Thursday, May 5, 2016....

20 03 2016

The General Assembly of Bahrain Kuwait Insurance approves cash dividend of 30% of the paid-up capital to the shareholders

The General Assembly of Bahrain Kuwait Insurance Company approved at their meeting held at BKIC Headquarter in Seef District, Kingdom of Bahrain on Sunday, 20th March 2016, a cash dividend of 30% (BD 2,145,000) of the paid up capital to the shareholders....

21 02 2016

Board of Directors proposed a cash dividend of 30% BKIC records a net profit of BD 2.7 mn in 2015

Board of Directors, in their meeting held on Sunday, 21 February 2016, decided to propose to AGM, a cash dividend of 30% to the shareholders on the paid up capital of BD 7.15 mn, equivalent to 30 fils per share....

12 11 2015

BKIC Achieved BD 2.2 million at the end of 3rd Quarter 2015

The Board of Bahrain Kuwait Insurance Company has approved the financials for the period ended September 30, 2015, at its meeting held on Thursday, November 12, 2015. The profit for nine months this year amounted to BD 2.2 million, compared to BD 3.7 million in the same period last year. It may be noted that the previous year profit included BD 1.5 million extraordinary profit from the sale of an investment property. Mr. Murad Ali Murad, Chairman of the Board, mentioned that the results achieved by the co...

30 07 2015

BKIC achieves a Net Profit of BD 1.8 Million in the 1st half of 2015

The Board of Bahrain Kuwait Insurance Company has approved – on Thursday, 30th July 2015 –financials for the 6-month period ended 30th June 2015. The profit for the period amounted to BD 1.8 million, compared to BD 2.6 million for the same period last year. ...

11 05 2015

BD 627,000 Net Profit of BKIC in 1st Quarter 2015

The Chairman of the Board, Mr. Murad Ali Murad, announced that net profit for the first quarter ending 31 March 2015 was BD 627,000 as compared to BD 1.9 m for the same period last year. Last year profits included BD 1.5 m being non-recurring and one time gain on sale of investment property. ...

08 03 2015

The General Assembly of Bahrain Kuwait Insurance approves cash dividend of 35% of the paid-up capital to the shareholders

The General Assembly of Bahrain Kuwait Insurance Company approved at their meeting held at BKIC Headquarter in Seef District, Kingdom of Bahrain on Sunday, 8th March 2015 the cash dividend of 35% (BD 2,502,500) of the paid up capital to the shareholders....

12 02 2015

BKIC’s net profit rises by 15% to BD 4.2 Million in 2014. Board of Directors proposed a cash dividend of 35%

Board of Directors, in their meeting held on Thursday, 12th February 2015, decided to propose to AGM, a cash dividend of 35% to the shareholders on the paid up capital of BD 7.15 mn, equivalent to 35 fils per share....

08 02 2015

BKIC signs agreement with COPART

BKIC today entered in to an agreement with Copart Bahrain Auctions W.L.L.Copart is an international firm specializing in on-line auction of automobile salvage....

20 01 2015

Staff Promotion

Bahrain Kuwait Insurance Company, as part of its commitment to train and provide senior posts for Bahrainis, Mr. Yousif Rostam ...

07 12 2014

Gulf Air Expands Loyalty Program with Bahrain Kuwait Insurance Partnership

The Kingdom of Bahrain’s national carrier,Gulf Air,today announced a partnership withBahrain Kuwait Insurance Company (BKIC) givingthe insurance provider’scustomers the opportunity to earn Gulf Air Falconflyer miles...

19 11 2014

AM Best affirms the (A-) Credit Rating for Bahrain Kuwait Insurance

After a periodic review of the company’s business, AM Best International recently affirmed the (A-) Credit Rating for Bahrain Kuwait Insurance Company...

17 11 2014

Staff Promotion Staff Promotion

Bahrain Kuwait Insurance Company, as part of its commitment to train and provide senior posts for Bahrainis,Mrs. Wedad Al-Wazzan ...

10 11 2014

BKIC announces 30% increase in Net Profit BD 3.7 Million achieved in Q3-2014

Mr. Murad Ali Murad, Chairman of Bahrain Kuwait Insurance Company (BKIC) announced that the company’s net profit for the period ended 30th September 2014 increased by 30%...

21 10 2014

The New Website of Bahrain Kuwait Insurance Wins WebAward 2014

The new website of Bahrain Kuwait Insurance won the WebAward 2014 of the Web Marketing Association in the following two categories: Insurance Standard of Excellence and Financial Services Standard of Excellence....

27 07 2014

BKIC announces 30% Increase in Net Profit BD 2.6 Million achieved during 1st half of the year 2014

Mr. Murad Ali Murad, Chairman of Bahrain Kuwait Insurance company (BKIC) announced ...

17 05 2014

BKIC announces 108% Increase in net profit BD 1.9 Million achieved during 1st Quarter of the year 2014

Mr. Murad Ali Murad, Chairman of Bahrain Kuwait Insurance company (BKIC) announced...

24 03 2014

Traffic Awareness Week

Bahrain Kuwait Insurance participated in the 30th Annual GCC Traffic Week under the slogan "Your Safety is Our Goal", which was held in Amwaj Island. ...

06 03 2014

The General Assembly of Bahrain Kuwait Insurance approves cash dividend of 30% of the paid-up capital to the shareholders

The General Assembly of Bahrain Kuwait Insurance Company approved at their meeting held on Wednesday.......

10 02 2014

BKIC BOD proposed cash dividend of 30% BD 3.7 Million the total net profit in 2013

Chairman of Bahrain Kuwait Insurance Company (BKIC) announced that the Board of Directors in its meeting held on Sunday, 9th February 2014 has proposed a cash dividend of 30% ...

10 11 2013

BKIC achieves Net Profit of BD 2.8 million in Q3-2013

Mr. Ebrahim Al Rayes – CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company has achieved a net profit of BD 2.8 million for the nine-month period ended 30th September 2013, as compared to BD 3.1 million in the same period of 2012. ...

24 09 2013

Staff Promotion Announcement

Bahrain Kuwait Insurance Company announces the promotion of its employees in the framework.....

04 08 2013

Increased by 34% BKIC achieves a Net Profit of BD 2 million at the end of the 1st half of 2013

Mr. Ebrahim Al Rayes - CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the net profit of the Company as at 30th June 2013......

22 06 2013

Staff Promotion Announcement

Bahrain Kuwait Insurance Company announces the promotion of a number of its employees as per the plans of the company......

19 05 2013

Staff promotion announcement

BKIC is pleased to announce the promotion of Mr. Sai gopal as Chief Underwriting Officer (C.U.O.) with immediate effect....

15 05 2013

Seminar on Construction Insurance at Hotel Regency Intercontinental Seminar on Construction Insurance at Hotel Regency Intercontinental

Bahrain Kuwait Insurance Company (BKIC) today conducted a Seminar on Construction Insurance at Hotel Regency Intercontinental, Manama......

10 05 2013

BKIC achieves Net Profit of BD 914 thousands in the Q1-2013

Mr. Ebrahim Al Rayes – CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company has achieved a net profit of BD 914 thousands in Q1-2013 as compared to BD 917 thousands for the same period last year...

11 03 2013

For the first time in Bahrain, Pickup and Delivery Bundle of Services with your Bahrain Kuwait Insurance Motor Policy

Bahrain Kuwait Insurance has recently launched the first-of-its-kind service in the local insurance market named...

08 02 2013

BKIC BOD proposed cash dividend of 30% BD 4.2 Million the total profit in 2012 BKIC BOD proposed cash dividend of 30% BD 4.2 Million the total profit in 2012

Mr. Abdulla Buhindi Chairman of Bahrain Kuwait Insurance Company (BKIC) announced that the Board of Directors in its meeting held on Thursday...

06 02 2013

Bahrain Kuwait Insurance Company (B.S.C.) Wins the Middle East Insurance Forum (MEIF) Institutional Excellence Award 2013

Major achievements, innovations and excellence in the regional insurance industry were recognised at the 9th Annual Middle East Insurance Forum...

05 02 2013

Bahrain Kuwait Insurance Company (B.S.C.) Wins the Middle East Insurance Forum (MEIF) Institutional Excellence Award 2013 Bahrain Kuwait Insurance Company (B.S.C.) Wins the Middle East Insurance Forum (MEIF) Institutional Excellence Award 2013

Manama, Bahrain: 05 February 2013: Major achievements, innovations and excellence in the regional insurance industry were recognised at the 9th Annual Middle East Insurance Forum (MEIF 2013) award ceremony held yesterday at the Gulf Hotel in the Kingdom of Bahrain. ...

26 12 2012

AM Best assigns A- (Excellent) rating to Bahrain Kuwait Insurance

Mr. Ebrahim Al Rayes, Chief Executive Officer of Bahrain Kuwait Insurance Company has announced that A.M. Best Europe...

06 11 2012

BKIC achieves Net Profit of BD 3.1 million in Q3-2012

Mr. Ebrahim Al Rayes CEO of Bahrain Kuwait Insurance Company (BKIC) announced that despite the slow wheel of development in Bahrain...

07 08 2012

BKIC achieves BD 1.5 Million at the end of Q2-2012

Mr. Ebrahim Al Rayes - CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company achieved net profit of BD 1.5 million...

08 05 2012

BKIC achieves Net Profit of BD 917 thousands in the Q1-2012

Mr. Ebrahim Al Rayes - CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company achieved a net profit of BD 917 thousands...

08 03 2012

Bahrain Kuwait Insurance signs agreement with ICICI Bank Bahrain Kuwait Insurance signs agreement with ICICI Bank

Bahrain Kuwait Insurance has recently signed an agreement with ICICI Bank (Bahrain branch)...

02 03 2012

BKIC posts record Income

Bahrain Kuwait Insurance Company (BKIC) got the approval to pay a 25 per cent cash and 10pc bonus share to shareholders at its annual general meeting yesterday. ...

03 02 2012

BKIC BOD proposed cash dividend of 25% & 10% Bonus shares BD 4.1 Million the total profit in 2011

Mr. Abdulla Buhindi Chairman of Bahrain Kuwait Insurance Company (BKIC) announced that the Board of Directors in its meeting held on Thursday...

29 11 2011

AM Best assigns rating to Bahrain Kuwait Insurance

Mr. Ebrahim Al Rayes, Chief Executive Officer of Bahrain Kuwait Insurance Company has announced BKIC has been assigned financial strength...

01 11 2011

BKIC achieves Net Profit of BD 3.5 million in Q3 - 2011

Mr. Ebrahim Al Rayes CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company has achieved ...

28 07 2011

13% growth in its Net Profit BKIC achieves BD 2.6 Millions at the end of Q2-2011 13% growth in its Net Profit BKIC achieves BD 2.6 Millions at the end of Q2-2011

Mr. Ebrahim Al Rayes CEO of Bahrain Kuwait Insurance Company (BKIC) announced that the company achieved...

13 06 2011

Bahrain Kuwait Insurance signs agreement with Kontra

Bahrain Kuwait Insurance has recently signed an agreement with Kontra for the interior design and decoration of BKIC's...

25 05 2011

Bahrain Kuwait Insurance has launched a new medical insurance product in partnership with India's ICICI Lombard General Insurance

BKIC hosted a function on 24th May 2011 at Golden Tulip Hotel to launch the company's new medical insurance product...

24 05 2011

Bahrain Kuwait Insurance launches new Personal lines Insurance Center in Budaiya

BKIC has opened its new branch in the Northern Governorate in Budaiya road....

31 03 2011

Bahrain Kuwait Insurance Company Congratulates its General Manager for being elected an Associate of the Chartered Insurance Institute

Mr. Waleed Ahmed Mahmood, General Manager of Bahrain Kuwait Insurance Company (BKIC), has been elected an Associate of the Chartered Insurance Institute in the UK...

28 02 2011

BKIC declared 35% cash dividend BD 4.1 Million the net profit in 2010

The shareholders of Bahrain Kuwait Insurance Company (BKIC) in its Annual General meeting held on Monday 28th February 2011...