Established in 1962 in Kuwait, Gulf Insurance Group is one of the largest and most diversified insurance groups in the Middle East and North Africa with operations in life and non-life as well as Takaful insurance.
Evolving from its origin as a prominent personal and commercial insurer in Kuwait, Gulf Insurance Group has now solidified its standing as a regional insurance powerhouse in the MENA region. With more than 100 branches across 12 markets, +3,950 employees and +3.5 million customers GIG is delivering unprecedented growth for a sustainable future.
As a regional insurance powerhouse, the Group enjoys a strong competitive market position in Kuwait, Bahrain, Jordan and Egypt and excellent operational footprints in UAE, KSA, Turkey, Algeria, Qatar, Oman, Iraq and Lebanon with reported consolidated assets of US$ 3.83 billion as of 31 December 2024.
The Group has attained a competitive edge in its markets through the implementation of a comprehensive approach involving latest IT services, Innovation in Products and Distribution, strong Customer Relations Management, and robust Enterprise Risk Management. Furthermore, GIG utilizes the best standards in corporate governance Corporate Governance, prudent underwriting practices, and its decentralized Business Model focusing on Human Capital Development and Digitalization.
GIG enjoys and maintains a superior rating profile from internationally renowned rating agencies. It holds a Financial Strength Rating of ‘A’ (Excellent) and issuer credit rating of ‘a+’ (Excellent) having a Stable outlook from A.M. Best Europe – Rating Services Limited, a Financial Strength Rating of ‘A’ with Positive outlook from Standard & Poor’s and an Insurance Financial Strength Rating (IFSR) of ‘A2’ from Moody’s Ratings carrying a Stable outlook.
Being an Iconic Trusted Brand with 62 years of profound operational excellence, we are shaping a valuable insurance ecosystem in the MENA region.
GIG is a majority-owned subsidiary of Fairfax Financial Holdings Limited, a Canadian holding company listed on the Toronto Stock Exchange, which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and the associated investment management.