GIC celebrates 50 years anniversary

24/11/2012 08:33 AST

Gulf Insurance Company has been part of Kuwait and part of its people's lives For 50 years, witnessing the good times and bad times of our nation. "We've been fortunate to be a successful company over the past 50 years, and would sincerely like to thank our dedicated customers and employees for putting their trust in GIC; we couldn't have done this without you," said Khaled Saoud Al Hasan (Managing Director & CEO) Gulf Insurance K.S.C. (GIC) was established in 1962. GIC is a public shareholding company listed on the Kuwait Stock Exchange and a market leader in Kuwait in terms of premiums written both in life and nonlife insurance. GIC is currently the largest insurance company in Kuwait for written and retained premiums; its activities are further supported by first class reinsurance security. The company raised its S&P (Standard & Poor's) and achieved an A- ("Excellent") rating from A.M BEST

The ratings of GIC reflect its strong regional business profile, good profitability and adequate level of risk-adjusted capitalization. GIC is a Company with a Regional underwriter of specialty insurance products in niche areas of the commercial property, casualty and fidelity markets. It provides innovative and comprehensive insurance solutions and covers a variety of risks related to Motor, Marine & Aviation, Property & Casualty, and Life & Health Insurance both in conventional and takaful basis (Islamic Shariah principles). The company prides itself in its distinguished quality of products and superior customer service. GIC enjoys lending utmost professional and personalized attention to both individual and corporate clients in their current and future insurance needs.

Through its operating entities, GIC offers high-quality customer service in programs tailored to the needs of its customers' business and risk management strategies. In 2001 we became the market leader in Kuwait, and we have kept that position ever since. Our ambition and long term vision exceeded the borders of GCC to cover almost the entire MENA region. In 2012, it was the right time to unite our group under one flag, one name and one brand: THE Gulf Insurance Group-GIG.

In pursuance of our plans our ultimate objective was to be recognized as an Arabian entity with world-class offerings & standards. By cultivating a team of over 150 life- and non-life insurance consultants trained to offer clients the most practical advice and dedicated attention and with a growing network of over 18 branches accessible throughout Kuwait, the company has been able to realize its pledge to be the "insurer of choice" The 50th anniversary campaign will focus on the revealing of the New GIC Identity. The brand has been developed to touch our hearts and embrace our vision. A strong identity has been elaborated to reflect the endeavor of GIG people; their values, their passion, their efforts and dedication. This complete spectrum shaped the NEW GIG Identity. The GIG brand purpose is to make insurance more desirable, with intent to focus on building long-lasting premium quality relationships that are rewarding and based on mutual respect.

The GIG brand will grow capturing its Origin and rising toward Excellence.

Arab Times