About Gulf Insurance Group
Gulf Insurance Group is a company based in Kuwait City (Kuwait) founded in 1962 was acquired by Fairfax Financial Holdings in December 2023.. Gulf Insurance Group has completed 1 acquisition, including Bahrain Tourism. Gulf Insurance Group offers products and services including Takaful Insurance, General Insurance, and Life Insurance. Gulf Insurance Group operates in a competitive market with competitors including Blue KC, Prudential, Beazley, gig-Kuwait and Kuwait Re, among others.
- Headquarter Kuwait City, Kuwait
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Gulf Insurance Group Public Shareholding Company
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Annual Revenue
$0 (USD)4as on Dec 31, 2024
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Net Profit
$0 (USD)22.24as on Dec 31, 2024
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Fairfax Financial Holdings
(Dec 26, 2023)
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Products & Services of Gulf Insurance Group
Gulf Insurance Group offers a comprehensive portfolio of products and services, including Takaful Insurance, General Insurance, and Life Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides Islamic-compliant insurance for individuals and businesses
Offers coverage for property and liability in the MENA region
Delivers life and health protection options for clients
Funding Insights of Gulf Insurance Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Gulf Insurance Group
Gulf Insurance Group has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Fairfax Financial Holdings. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Property & casualty insurance company
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Gulf Insurance Group
Gulf Insurance Group has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Bahrain Tourism. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Hotels and tourism projects services are provided in Bahrain.
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1974 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Gulf Insurance Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Gulf Insurance Group Comparisons
Competitors of Gulf Insurance Group
Gulf Insurance Group operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Blue KC, Prudential, Beazley, gig-Kuwait and Kuwait Re, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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Financial services for pensions and investments are provided by Prudential.
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Specialist insurance and reinsurance are underwritten for clients worldwide.
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Delivers comprehensive life, health, and property insurance solutions.
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Reinsurance services for life and non-life sectors are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Gulf Insurance Group
Frequently Asked Questions about Gulf Insurance Group
When was Gulf Insurance Group founded?
Gulf Insurance Group was founded in 1962.
Where is Gulf Insurance Group located?
Gulf Insurance Group is headquartered in Kuwait City, Kuwait.
What does Gulf Insurance Group do?
Gulf Insurance Group was established in 1962 in Kuwait City, Kuwait. Operations are conducted in the insurance sector, where a variety of services including property, casualty, and life insurance are offered. Coverage is extended to clients throughout the Gulf region and beyond, with emphasis placed on risk management and financial protection. The companys activities are centered on underwriting and claims handling in a regulated market environment.
Who are the top competitors of Gulf Insurance Group?
Gulf Insurance Group's top competitors include Beazley, Prudential and Kuwait Re.
What products or services does Gulf Insurance Group offer?
Gulf Insurance Group offers Takaful Insurance, General Insurance, and Life Insurance.
How many acquisitions has Gulf Insurance Group made?
Gulf Insurance Group has made 1 acquisition, including Bahrain Tourism.
Who are Gulf Insurance Group's investors?
Gulf Insurance Group has 1 investor. Key investors include Fairfax Financial Holdings.