Business insurance · Bahrain
Bahrain Kuwait Insurance Company (BKIC)
Bahrain Kuwait Insurance Company, trading as GIG Bahrain
Market position
Bahrain Kuwait Insurance Company (BKIC) trades as GIG Bahrain and is part of the Gulf Insurance Group (GIG); its Takaful arm, Takaful International, describes itself as a subsidiary of GIG Bahrain. Its website has Bahrain and Kuwait sections.
Bahrain-specific note
BKIC and GIG Bahrain are the same company, and Takaful International is its subsidiary. Ask BKIC or a broker directly whether it writes Contractors All Risks or professional indemnity for your project, since its website does not list engineering cover.
Pros
- + Part of the regional Gulf Insurance Group
- + Operates in both Bahrain and Kuwait
- + Group Takaful arm offers Contractors All Risks cover
Cons
- − No engineering or contractor product page found on its website
- − Quote-only: no public prices for commercial cover
- − Same group as Takaful International, so not an independent second quote
Typical Bahrain pricing
Quote-based; no public prices for commercial or contractor cover.
Why this matters for Bahrain trades
The National Bureau for Revenue administers VAT at a 10% standard rate, with registration mandatory at BHD 37,500 of annual taxable revenue; PwC’s July 2026 review found e-invoicing not yet mandatory and notes that the market expects a system similar to Saudi Arabia’s, with no confirmed start date. CRPEP licenses engineers and engineering offices under Law No. 51 of 2014, and new-building permits on Benayat are filed through a CRPEP-licensed engineering office. The Ministry of Works prequalifies contractors by category and grade for its building, roads, sanitary and landscape works; the Tender Board oversees government purchases above BHD 50,000, and bidders must register on its eTendering system; LMRA issues work permits for expatriate staff, with a higher fee under the Parallel Bahrainisation System for firms below their ratio; and the General Directorate of Civil Defense gives input on Benayat permits, with its approval letter required for a building’s completion certificate.
Bahrain construction software selection is shaped by 10% VAT administered by the National Bureau for Revenue (NBR), with e-invoicing not yet mandatory according to PwC’s July 2026 review, CRPEP licensing for engineers and engineering offices, Ministry of Works prequalification for its building, roads, sanitary and landscape works, Tender Board registration for larger government tenders, LMRA work permits and Bahrainisation ratios, and building permits through the Benayat system.
Frequently asked
Is Bahrain Kuwait Insurance Company (BKIC) a good fit for Bahrain trades?
Bahrain Kuwait Insurance Company (BKIC) trades as GIG Bahrain and is part of the Gulf Insurance Group (GIG); its Takaful arm, Takaful International, describes itself as a subsidiary of GIG Bahrain. Its website has Bahrain and Kuwait sections. BKIC and GIG Bahrain are the same company, and Takaful International is its subsidiary. Ask BKIC or a broker directly whether it writes Contractors All Risks or professional indemnity for your project, since its website does not list engineering cover.
What does Bahrain Kuwait Insurance Company (BKIC) cost in Bahrain?
Quote-based; no public prices for commercial or contractor cover. Pricing and availability can change by region; confirm current Bahrain pricing on the vendor's site before committing.