Business insurance · Bahrain · Head-to-head
Bahrain Kuwait Insurance Company (BKIC) vs Takaful International Company (GIG Bahrain Takaful)
Two Bahrain business insurance options, compared side by side for Bahrain trades.
Which should you choose?
Bahrain Kuwait Insurance Company (BKIC) and Takaful International Company (GIG Bahrain Takaful) are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Bahrain-specific notes below against your trade and region.
Bahrain Kuwait Insurance Company (BKIC)
Tier A · ListedBahrain Kuwait Insurance Company, trading as GIG Bahrain
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.
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
Bahrain 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.
Takaful International Company (GIG Bahrain Takaful)
Tier A · ListedTakaful (Shari'a-compliant) insurer with Contractors All Risks and other engineering cover
Takaful International Company (GIG Bahrain Takaful), established in 1989, says it was the first Islamic insurance company in Bahrain. It is a subsidiary of GIG Bahrain (Bahrain Kuwait Insurance Company) and part of the GIG group. Its engineering line covers Contractors All Risks, Erection All Risks, Machinery Breakdown and Computer All Risks.
Pros
- + Contractors All Risks cover, extendable to third-party liability
- + Erection All Risks and Machinery Breakdown cover for plant
- + Shari'a-compliant Takaful model
- + Also offers business property, marine, liability and motor fleet cover
Cons
- − Quote-only: no public prices for engineering cover
- − Same group as BKIC, so not an independent second quote
- − Product pages give short descriptions only, without policy wordings
Bahrain note
Takaful International is the Takaful subsidiary of BKIC (GIG Bahrain), so a quote from both is two quotes from one group. It lists Contractors All Risks and Erection All Risks cover for contractors who want a Shari'a-compliant policy.
More Bahrain options
See all Bahrain business insurance vendors and the rest of the Bahrain directory.