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
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,