Bahrain Kuwait Insurance Co. partners with Beema on Bahrain’s first digital-only insurance platform

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain Kuwait Insurance Company (BSC) (GIG Bahrain) has launched Beema, the most successful Cashback & Pay-per-kilometer digital-only car insurance platform in the region at www.bkicbeema.bh.

Beema has revolutionized the insurance sector in the UAE since its launch in 2019 and is now expanding its presence to offer even more value to customers in Bahrain exclusively with GIG Bahrain.

The all-online platform, Beema, offers customers a percentage of cash back based on the number of kilometers driven each year with the Pay-per-kilometer policy.

Motorists who have completed less than 20,000 kilometers in the year, benefit from a cashback of up to 25% of their policy premium.

The agreement was celebrated during a signing ceremony on October 3rd, 2022, in Bahrain attended by Dr. Abdulla Sultan, Chief Executive Officer, and Ali Noor – Chief Operating Officer at Bahrain Kuwait Insurance Company (BSC), Nicola Garelli, Chief Executive Officer, and Sara Al Rumaithi, Chief BD, Compliance & SSC Officer at Beema Insurance.

The teams at Beema and Bahrain Kuwait Insurance Company (BSC) observed that motorists were faced with the same policy pricing irrespective of the number of kilometers driven on an annual basis – a common problem for multi-car owners and low mileage drivers.

Beema’s Pay-per-kilometer model addresses this challenge, and, with a fully online experience, allows users to easily obtain a quote in seconds and be fully and comprehensively insured within minutes.

Dr. Abdulla Sultan, CEO at Bahrain Kuwait Insurance Company, says:” We are very pleased with this new partnership which we believe will be a new disruption in the Bahraini Market.

The partnership with Beema is a strategic one aimed at bringing innovation into various classes of insurance, through a state of the art, digital-only platform.”

Bahrain Kuwait Insurance Company (BSC) provides the highest levels of motor protection in Bahrain. With the launch of Beema, their digital offering of insurance is going to drive the change in the Bahrain insurance market.

Together we aim to provide customers with customized insurance solutions across various segments, backed by strong tech support.

Nicola Garelli, Chief Executive Officer at Beema, says:” Since the launch of Beema, our aim has been to focus on the needs of customers in the region and to continuously enhance and expand our services to serve customers in other markets.

We are proud to see Beema transforming into a strong and established regional player by launching in Bahrain.”

Beema is the region’s first online digital insurance offering designed for the new reality; a digital-led, fair, robust, and flexible insurance platform.

The company’s digital-only strategy provides an end-to-end digital insurance solution – that is transparent, simple, agile, and relevant.