12 Reputed Insurance Companies in Bahrain

12 Reputed Insurance Companies in Bahrain Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.

Accidents, sickness, and the likes, happen and having an insurance policy protect you from the sudden financial strain of paying for these. Insurance is planning ahead, you benefit from a policy regardless if you do end up needing it or not.

With the recent pandemic still plaguing the world, taking on an insurance policy is getting one step ahead of the unpredictable future.

If you’re deciding which plan to take, here are 12 reputed insurance companies in Bahrain and what they offer.

Bahrain National Insurance Company

Bahrain National Insurance Company is a wholly owned subsidiary of Bahrain National Holding Company and the General Insurance arm of the Group, offering a full range of products for businesses and individuals.

Bahrain National Insurance has over 50 years of experience in handling individual and commercial insurances. All products are supported by a panel of highly rated international reinsurers.

Solidarity Bahrain

Solidarity Bahrain’s roots go back to 1976, with the establishment of one of the Kingdom’s earliest locally-domiciled composite insurance companies. Today, Solidarity Bahrain is one of the Kingdom’s leading insurers,

and the largest Sharia-compliant insurance provider; and benefits from being a subsidiary of Solidarity Group Holding, which is the world’s largest Sharia-compliant insurance institution.

Bahrain Kuwait Insurance Company (GIG Bahrain)

Bahrain Kuwait Insurance Company was established in 1975 with Bahraini and Kuwaiti shareholders. By virtue of its shareholding structure, BKIC is allowed to operate as a national insurance company both in Bahrain and Kuwait,

the only company to enjoy such a privilege. BKIC transacts all classes of general insurance, the major categories being Fire, General Accident, Engineering, Marine Cargo, Motor, Group Life and Health. BKIC was the first insurance company in Bahrain to have been interactively rated by an independent international rating agency.

AXA Insurance

AXA is one of the largest global insurers, is a worldwide leader in Insurance and Asset Management with a purpose of acting for human progress by protecting what matters. In the Gulf region, AXA has been present for 70 years, offering a wide range of insurance products and services for corporate, SME and individual customers.

AXA in the Gulf is one of the largest international players in the GCC, covering the UAE, Oman, Bahrain and Qatar markets. With a range of products and services tailored to each customer, covering property & casualty insurance and life & health insurance, AXA in the Gulf is a multi-lined one-stop shop insurer.

t’azur

t’azur Company is a Bahraini closed joint stock company incorporated under the laws of the Kingdom of Bahrain and licensed and regulated by the Central Bank of Bahrain. t’azur was founded by Unicorn Investment bank. The company provides Family and General Takaful products for individuals and businesses.

All t’azur products abide by the principles of the Islamic Shari’a law and are under the supervision of t’azur’s Shari’a Supervisory Board.

Medgulf Takaful

Established in 2007, Medgulf Takaful is an Islamic insurance company headquartered in Bahrain that has positioned itself as an industry leader. The company was launched to meet the significant demand for Takaful products in the region. It is 75% owned by The Mediterranean and Gulf Insurance and Reinsurance Company – a leading regional insurer, and 25% by Allianz Europe Ltd – a leading international integrated financial services provider.

Among Medgulf Takaful’s services are a range of life/family takaful and non-life/general takaful products to protect you and your interests. Under Family Takaful, customers will find solutions for life protection, as well as savings,

retirement and child education plans and more. General Takaful offers a wide range of takaful products such as motor, household, marine and engineering for both retail and corporate customers, in addition to health takaful.

Health 360°

Health 360° provides claims management for insurance companies that provide medical covers through a network of medical service providers. They are contracted by a health insurer or self-insuring companies to administer their services, including claims administration, enrolment and other administrative activities

Gulf Union

Gulf Union Insurance & Reinsurance Company is licensed to underwrite all types of insurance business and to accept reinsurance inwards business.

IC Insurance

SNIC Insurance has been protecting individuals and businesses with quality insurance coverage since 1974. Their client’s ranges from a large corporate to individuals and families. While the service needs of each client differ, the one common factor is their high standard of service and adherence to our corporate values.

United Insurance

Established in the year 1986, UIC was formed with the main purpose of providing insurance to all vehicles which travel through the King Fahad’s Causeway in accordance with the Bahrain Insurance Company Law and the Arab Treaty for vehicles crossing Arab countries.

Al Hilal Life

Al Hilal Life was originally established in 2009 as a joint venture insurance company between Legal & General Group Plc and Ahli United Bank with a vision to be the first choice for protection and savings in the Middle East. As a life insurance company, they aim to deliver exceptional capability to protect the wealth and security of our customers and to develop Middle Eastern economies.

Cigna

Cigna is more than a health insurance company. They are your partner in total health and wellness, 24/7, in taking caring of your body and mind. As a global health service company, Cigna’s mission is to improve the health, well-being,

and peace of mind of those they serve by making health care simple, affordable, and predictable. You choose how, when, and where you want it. They make health care more affordable by partnering with providers who provide quality, cost-effective care. The goal is to provide you with comprehensive health care coverage with “no surprises.”

GlobeMed Bahrain

GlobeMed Bahrain is the leading healthcare benefits management company in the country, offering support to insurance companies and large employer schemes with highly advanced tools and services, such as policy administration, providers’ network management, approvals and claims processing, settlement to providers and reconciliation, customer services and business intelligence services. Moreover, GlobeMed Bahrain provides innovative and comprehensive services to manage its clients’ complex needs, such as actuarial services and international health

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