Milestones
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Milestones

Milestones

 

Year

Gulf Union Insurance Company was incorporated in Bahrain

 

1979

Gulf Union Insurance Company commences operations in Saudi Arabia


1981

Gulf Union Insurance Company Saudi Arabia was incorporated in Bahrain as a spin off company of Gulf Union Insurance Company which ceased operations in Saudi Arabia in 1982


1982

Gulf Union Insurance Company Saudi Arabia commenced operations in Saudi Arabia


1983

Gulf Union Insurance and Reinsurance Company was incorporated in Bahrain


1995

Gulf Union Insurance and Reinsurance Company commenced operation in Bahrain with the takeover of the Vehicle Insurance Fund


1996

Gulf Union Insurance Company Saudi Arabia ceased operations in Saudi Arabia and changed its name to Gulf Union Insurance and Projects Management Holdings Co.


1996

Gulf Union Insurance and Risk Management Company was incorporated and took over the Saudi Arabian operations of Gulf Union Insurance Company Saudi Arabia


1996

Gulf Union Insurance and Risk Management Company took over the workshop operations of ABACORP Car Care in Al Khobar, Saudi Arabia


1997

Gulf Union Insurance Group marks its 15th anniversary with an issue of its brochure


1997

Gulf Union Automotive Repair Centre, a division of Gulf Union Insurance and Reinsurance Company, was established as a one stop shop at Sitra to service the motor claims and workshop requirements of its customers


1999

Gulf Union Insurance and Projects Management Holdings Company purchased a building for its new headquarters and insurance operations of Gulf Union Insurance and Reinsurance Company at Manama, Bahrain


1999

Oryx Insurance Services WLL, a subsidiary of Gulf Union Insurance and Projects Management Holdings Co. BSC(c) was acquired to serve as the insurance brokerage arm of the Group in Bahrain


2005

Gulf Electronic Management Systems W.L.L., a subsidiary of Gulf Union Insurance & Projects Management Holdings Co. BSC(c) was incorporated in Bahrain and was granted the first TPA license by the Central Bank of Bahrain. GEMS provide the back office services for motor and medical claims of Gulf Union Insurance & Reinsurance Company and workshop accounting and supply chain management of Gulf Union Automotive Repair Centre


2005

ABACORP Car Care workshop moved its workshop operations to a larger facility in Dammam, Saudi Arabia


2005

Gulf Union Automotive Repair Centre expanded its workshop operations to Maameer, Bahrain


2005

Gulf Union Cooperative Insurance Company, associate company of Gulf Union Insurance and Projects Management Holdings Co, was incorporated in Saudi Arabia


2007

Gulf Union Insurance Group marks its 25th anniversary with an issue of its brochure


2007

Gulf Union Cooperative Insurance Company was granted permit to commence insurance operations in Saudi Arabia by the Saudi Arabian Monetary Agency


2009

Gulf Union Insurance and Risk Management Co portfolio transfer to Gulf Union Cooperative Insurance Company was approved by SAMA


2010

Gulf Electronic Management Systems obtained ISO 9001:2008 certification


2010

Gulf Electronic Management System main building at Bahrain International Investment Park was fully constructed


2011

Gulf Electronic Management Systems Ltd– Third Party Administrator, a subsidiary of GEMS, was incorporated in Saudi Arabia and obtained TPA license from SAMA and was qualified by the Council for Cooperative Health Insurance


2012

THYROCARE GULF LABORATORIES WLL, an associate company of Gulf Electronic Management System W.L.L. was granted its commercial registration by the "Bahrain Investors' Center of the Kingdom of  Bahrain" for activities related to Medical Laboratory operations.   

2013