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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
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
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
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.