Was established in 1962. Over the years GIC has grown from being a leading personal and commercial insurer into a regional insurance solutions provider. GIC subsidiaries include:

1. Arab Misr Insurance Group, Egypt.
2. Bahrain Kuwait Insurance Company, Bahrain
3. Saudi Pearl Insurance Company, Saudi Arabia.
4. Syrian Kuwaiti Insurance Company, Syria.
5. Fajr Al-Gulf Insurance & Reinsurance Company, Lebanon.
6. Gulf Life Insurance Company.
7. Arab Orient Insurance Company.

GIC is a subsidiary of Kuwait Projects Company (Holding) – KIPCO and is thus member of a diversified group of over 60 companies ranging from financial, industrial, real estate, media and information technology to management and advisory. KIPCO group is the largest holding company based in Kuwait with businesses spread across the world and more than US$ 20 billion under management or control.