Our History

Became the 1st insurance company in Kuwait to launch “iPhone Application” for its customers

Became the 1st insurance company in Kuwait having Double “A” rating from S&P and A.M. BEST Europe (A-)

GIG celebrated 50 years of success

Participated in the shares of Alliance Insurance Company — UAE and becomes an associate to GIG

Established a Group, Gulf Insurance Group (GIG)

Switched the investment in Egyptian Takaful/Property & Liability from available for sale to an Associate Company

Established the composite insurer, Gulf Insurance & Reinsurance

United Networks became associate company to GIG

Acquired majority stake in Algerian non-life insurer, L’Algerienne Des Assurances (2A)

Established a life insurance company in Algeria, Algerian Gulf Life Insurance Company (AGLIC) & becomes an associate to GIG

Enjoys the privilege of being the first triple rated insurance company in Kuwait. (S&P, A.M. Best and Moody’s)

Acquired majority stake in Turins Sigorta, a Turkish non-life insurer and rebranded its name to Gulf Sigorta

Acquired AIG—Turkey through Gulf Sigorta (GIG Turkey) and currently operating as one company under the name “Gulf Sigorta”

Acquired Takaful International Company in Bahrain through GIG-Bahrain

Won the AFYA contract for the consecutive second time

Acquired a sizeable stake in “yallacompare”

Acquired a majority stake in “Gulf Takaful” through GIG’s subsidiary (GIG Kuwait)

Acquired a majority stake in Gulf Warranties, KSA

Entered into an agreement to acquire AXA Gulf’s insurance operations in the Gulf

Completed the acquisition of AXA’s operations in the Gulf region

Increased GIG’s paid-up share capital

Issued KD 60 million Tier 2 bonds, First issuance by an insurer and Kuwait’s First Perpetual Bond in KD

Celebrated GIG’s 60th anniversary reflecting its operational excellence

Unveiled an EVOLVED BRAND, as a major transformation with an Identity Upgrade

Won the AFYA 3 contract for a period of 2 years, the mandatory health insurance policy for retired citizens