A Regional Insurance Powerhouse in the Middle East and North Africa
Gulf Insurance was established in 1962. It is a public shareholding company listed on Boursa Kuwait and a consistent market leader in Kuwait in terms of premiums written. The Group is among the largest and most diversified insurance groups in the Middle East and North Africa region. Gulf Insurance Group is one of the leading private insurers (By Gross Premium Written) with a strong competitive market position in Kuwait, Jordan, Bahrain and Egypt. Furthermore, the Group has operations in UAE, Saudi Arabia, Turkey, Algeria, Oman, Qatar, Iraq and Lebanon. The Group's both revenue and earnings are well diversified geographically.
About GIG
We’re here to make insurance more human.
Listed On
Boursa Kuwait
Established
1962
Years of Experiences
63
Employees
+4100
We’re shaping a valuable insurance ecosystem for the MENA region
Our Vision
Our Values
The message we bring to the world.
Respect
The client is our most valuable asset.
Lasting
We have a long-term perspective on the value of our clients.
Rewarding
Investing in value-adding services, at a sustainable cost, in the interest of improving client loyalty and growing market share.
Our Mission
We are invested in providing rewarding experiences to customers, building loyalty with employees, creating value for stakeholders, and serving the community as a committed citizen.
I have had the privilege of leading GIG through another year of continued transformation, one that reinforced our long-standing legacy of excellence, strengthened our strategic foundations, and positioned us for the next era of growth. From our roots as a leading insurer in Kuwait to becoming one of the region’s most prominent and trusted insurance groups, our journey has been defined by resilience, innovation, and an unwavering focus on delivering value to all stakeholders. For over six decades, GIG has remained committed to providing reliable, high quality insurance solutions that respond to the evolving needs of individuals, businesses, and communities. In 2024, we continued to build on this legacy through strategic expansion, operational excellence, and digital advancement. Our presence across the MENA region reflects both the strength of our diversified platform and the depth of our customer relationships. These qualities have been central to maintaining our leadership position and ensuring long term relevance in an increasingly dynamic environment. A defining moment in our journey came with Fairfax Financial Holdings Limited’s increased investment in GIG, which brought its ownership stake to 97.06 percent. This milestone represents far more than a change in shareholder structure. It signals the beginning of a new chapter of opportunity. Fairfax’s global expertise, disciplined investment approach, and insurance leadership bring enhanced capabilities to our Group, empowering us to scale with confidence and ambition. Throughout the year, we also focused on strengthening our operating model. From the implementation of integrated ERP systems to the launch of advanced analytics initiatives and enhanced claims platforms, we have made significant strides in aligning our operations with our digital transformation goals. These efforts, combined with prudent risk management and strong corporate governance, have helped us maintain top tier credit ratings and deliver solid financial performance in a volatile global environment. As a Group, we are proud of the role we play in building financial resilience across the markets we serve. We remain deeply committed to embedding sustainability and responsible business practices throughout our operations. Our ESG initiatives, from emissions reduction partnerships to regional well-being programmes, reflect our belief that creating shared value is essential to long term success. I extend my heartfelt appreciation to our loyal customers, strategic partners, and valued shareholders for their continued support and trust. I am especially grateful to our employees across the Group, whose dedication and professionalism remain the driving force behind our success. It is through your commitment that GIG continues to grow stronger, adapt faster, and serve better. With a clear vision, strong backing, and a firm belief in our purpose, I am confident that GIG is ready to achieve even greater impact in the years ahead.
Khaled Saoud Al Hasan
Farqad Abdullah Al-Sane
(KIPCO)
Group Chairman
Farqad Abdullah Al-Sane (KIPCO)
Group Chairman
Pursuing value, from Kuwait to the Middle East and North
Africa region, we take pride in our historic milestones over
the years by imprinting GIG in the hearts and minds of people
as a leader and pioneer of insurance services with innovative products and
distribution
channels in the region.
2022 is
a year of celebration for our family as we are marking GIG’s
60th anniversary, recognizing all the hardships that we faced throughout these
years
to
be known as a Regional Insurance Powerhouse.
Despite the very challenging last two years with the
worldwide pandemic environment, we have been strongly
able to adapt and adopt a resilient business strategy with
latest technologies required for emergent events to protect
employees, customers. Transparency and quality relations
are what have kept us to continue our success story and
deliver our promises throughout these years.
During 2022, we are targeting to introduce new regional
innovative products and evolved our brand to smartly
position GIG proudly for the years ahead.
Our regional
expansion strategy has been accelerated in the past year by
entering into two new markets of Oman and Qatar with the
acquisition of AXA’s insurance operations in the Gulf region,
which is considered as one of the largest acquisition in the
region.
Following a successful digitalization experience, the
transformation journey has been significantly progressed in
all core areas despite pandemic challenges. The key focus of
our digital strategy is to transform the Group into customer
centric and data driven digital organization with a view to
achieve sustainable competitive advantage and profitability.
As importantly, our approach to Corporate Social
Responsibility is also significant and we are always
committed to coordinating and supporting initiatives that
benefits society and functions as a dynamic member of the
community in the markets we operate in.
We are grateful for our clients, employees and other
stakeholders for making our journey successful and are
hopeful for a brighter future. Our quality relationships have
always been our greatest asset and it is due to them that we
have been able to grow.
Faisal Hamad Al Ayyar
Vice Chairman (Executive)
Faisal Hamad Al Ayyar
Vice Chairman (Executive)
Pursuing value, from Kuwait to the Middle East and North
Africa region, we take pride in our historic milestones over
the years by imprinting GIG in the hearts and minds of people
as a leader and pioneer of insurance services with innovative products and
distribution
channels in the region.
2022 is
a year of celebration for our family as we are marking GIG’s
60th anniversary, recognizing all the hardships that we faced throughout these
years
to
be known as a Regional Insurance Powerhouse.
Despite the very challenging last two years with the
worldwide pandemic environment, we have been strongly
able to adapt and adopt a resilient business strategy with
latest technologies required for emergent events to protect
employees, customers. Transparency and quality relations
are what have kept us to continue our success story and
deliver our promises throughout these years.
During 2022, we are targeting to introduce new regional
innovative products and evolved our brand to smartly
position GIG proudly for the years ahead.
Our regional
expansion strategy has been accelerated in the past year by
entering into two new markets of Oman and Qatar with the
acquisition of AXA’s insurance operations in the Gulf region,
which is considered as one of the largest acquisition in the
region.
Following a successful digitalization experience, the
transformation journey has been significantly progressed in
all core areas despite pandemic challenges. The key focus of
our digital strategy is to transform the Group into customer
centric and data driven digital organization with a view to
achieve sustainable competitive advantage and profitability.
As importantly, our approach to Corporate Social
Responsibility is also significant and we are always
committed to coordinating and supporting initiatives that
benefits society and functions as a dynamic member of the
community in the markets we operate in.
We are grateful for our clients, employees and other
stakeholders for making our journey successful and are
hopeful for a brighter future. Our quality relationships have
always been our greatest asset and it is due to them that we
have been able to grow.
Khaled Saoud Al Hasan
(KIPCO)
Board member and Group CEO
Khaled Saoud Al Hasan(KIPCO)
Board member and Group CEO
Pursuing value, from Kuwait to the Middle East and North
Africa region, we take pride in our historic milestones over
the years by imprinting GIG in the hearts and minds of people
as a leader and pioneer of insurance services with innovative products and
distribution
channels in the region.
2022 is
a year of celebration for our family as we are marking GIG’s
60th anniversary, recognizing all the hardships that we faced throughout these
years
to
be known as a Regional Insurance Powerhouse.
Despite the very challenging last two years with the
worldwide pandemic environment, we have been strongly
able to adapt and adopt a resilient business strategy with
latest technologies required for emergent events to protect
employees, customers. Transparency and quality relations
are what have kept us to continue our success story and
deliver our promises throughout these years.
During 2022, we are targeting to introduce new regional
innovative products and evolved our brand to smartly
position GIG proudly for the years ahead.
Our regional
expansion strategy has been accelerated in the past year by
entering into two new markets of Oman and Qatar with the
acquisition of AXA’s insurance operations in the Gulf region,
which is considered as one of the largest acquisition in the
region.
Following a successful digitalization experience, the
transformation journey has been significantly progressed in
all core areas despite pandemic challenges. The key focus of
our digital strategy is to transform the Group into customer
centric and data driven digital organization with a view to
achieve sustainable competitive advantage and profitability.
As importantly, our approach to Corporate Social
Responsibility is also significant and we are always
committed to coordinating and supporting initiatives that
benefits society and functions as a dynamic member of the
community in the markets we operate in.
We are grateful for our clients, employees and other
stakeholders for making our journey successful and are
hopeful for a brighter future. Our quality relationships have
always been our greatest asset and it is due to them that we
have been able to grow.
Shaikha Dana Nasser Sabah
Al-Ahmed A Sabah(Amaken)
Group Chairman
Shaikha Dana Nasser Sabah
Al-Ahmed A Sabah(Amaken)
Group Chairman
Pursuing value, from Kuwait to the Middle East and North
Africa region, we take pride in our historic milestones over
the years by imprinting GIG in the hearts and minds of people
as a leader and pioneer of insurance services with innovative products and
distribution
channels in the region.
2022 is
a year of celebration for our family as we are marking GIG’s
60th anniversary, recognizing all the hardships that we faced throughout these
years
to
be known as a Regional Insurance Powerhouse.
Despite the very challenging last two years with the
worldwide pandemic environment, we have been strongly
able to adapt and adopt a resilient business strategy with
latest technologies required for emergent events to protect
employees, customers. Transparency and quality relations
are what have kept us to continue our success story and
deliver our promises throughout these years.
During 2022, we are targeting to introduce new regional
innovative products and evolved our brand to smartly
position GIG proudly for the years ahead.
Our regional
expansion strategy has been accelerated in the past year by
entering into two new markets of Oman and Qatar with the
acquisition of AXA’s insurance operations in the Gulf region,
which is considered as one of the largest acquisition in the
region.
Following a successful digitalization experience, the
transformation journey has been significantly progressed in
all core areas despite pandemic challenges. The key focus of
our digital strategy is to transform the Group into customer
centric and data driven digital organization with a view to
achieve sustainable competitive advantage and profitability.
As importantly, our approach to Corporate Social
Responsibility is also significant and we are always
committed to coordinating and supporting initiatives that
benefits society and functions as a dynamic member of the
community in the markets we operate in.
We are grateful for our clients, employees and other
stakeholders for making our journey successful and are
hopeful for a brighter future. Our quality relationships have
always been our greatest asset and it is due to them that we
have been able to grow.
