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BKIC News

Bahrain Kuwait Insurance Company (B.S.C) Inaugurates GIG Bahrain Technology Lab at Bahrain Polytechnic

11/03/2024

In the presence of His Excellency Engineer Wael bin Nasser Al Mubarak, Minister of Municipal Affairs and Agriculture and Chairman of the Board of Trustees of Bahrain Polytechnic and Dr. Abdulla Sultan, CEO of Bahrain Kuwait Insurance Company (B.S.C.), one of the leading insurance companies in the region, inaugurated the GIG Bahrain Technology Lab in one of Bahrain Polytechnic's main buildings. This strategic partnership aims to create a state-of-the-art learning environment equipped with the latest technology.
 
The project includes the acquisition of a comprehensive suite of computers, enabling students to access the latest software and tools necessary for their studies. This investment in advanced technology aligns with BKIC's commitment to supporting educational initiatives that foster innovation, growth, and excellence in the community.
 
By sponsoring this project,  (GIG Bahrain) aims to provide Bahrain Polytechnic students with the resources they need to develop essential skills and stay at the forefront of technological advancements. The upgraded lab will serve as a dynamic hub for collaborations, discussions, and presentations, enabling students to engage in interactive learning experiences that prepare them for the demands of the modern workforce.
Dr. Abdulla Sultan, CEO of BKIC, expressed his enthusiasm about the partnership, stating, "We are thrilled to support Bahrain Polytechnic in their mission to provide a world-class education to students. By renovating the hall and equipping it with cutting-edge technology, we are empowering the next generation of professionals with the tools they need to succeed in a rapidly evolving digital landscape.  (GIG Bahrain) is proud to play a role in driving innovation and progress in the education sector."
 
Prof. Ciarán ÓCatháin, CEO of Bahrain Polytechnic, stated: “I am thrilled to announce our partnership with (GIG Bahrain) who are sponsoring a full lab in our newly opened floor in Building 19. It is our honour to inaugurate this new floor with such a partnership which serves as a testament to the importance of industry partnerships for applied higher education institutions. Working with an industry partner such as  (GIG Bahrain) falls under our Strategic Plan in terms of widening opportunities for students, broadening research horizons and opening the scope to innovations, and pathways to upskill and reskill the workforce.”
 
The sponsorship of the lab renovation project at Bahrain Polytechnic builds upon BKIC's long-standing commitment to corporate social responsibility and community development initiatives. The company firmly believes in the importance of investing in education to empower individuals and drive overall socioeconomic progress as part of its ESG goals.
 
It is worth mentioning that Bahrain Kuwait Insurance Company (BKIC) is the lead insurance company in the Bahrain market and a major player in Kuwait, with a credit rating of A- (Excellent) with stable outlook, by A.M Best which is the highest rating in Bahrain to be awarded to a local direct insurer, reflecting the financial strength of the company to meet its future obligations.
BKIC is a subsidiary of Gulf Insurance Group (GIG) which is the largest insurance Group in Kuwait in terms of written and retained premiums, with operations in life and non-life as well as Takaful insurance. Gulf Insurance has become one of the largest insurance networks in the Middle East and North Africa with companies in Bahrain, Kuwait, Jordan, Egypt, Turkey, Algeria, UAE, KSA, Oman, Qatar, Iraq and Lebanon.
 
Fairfax Financial Holding Ltd. is Gulf Insurance Group’s largest shareholder.