Manama, Bahrain: 05 February 2013: Major achievements, innovations and excellence in the regional insurance industry were recognised at the 9th Annual Middle East Insurance Forum (MEIF 2013) award ceremony held yesterday at the Gulf Hotel in the Kingdom of Bahrain. The annual MEIF Institutional Excellence Award, which is one of the oldest and most prestigious in the industry, is designed to recognize institutions that have made a significant contribution to the regional insurance industry. The MEIF Institutional Excellence Award celebrates a leading institution that has demonstrated outstanding achievements and institutional excellence in key performance areas.
Bahrain Kuwait Insurance Company B.S.C. (BKIC) has been voted as the winner of the 2013 MEIF Institutional Excellence Award from a short-list of nominees through a unique industry-based voting system.
Abdul Rahman Mohammed Al Baker, Executive Director – Financial Institutions Supervision, Central Bank of Bahrain presented the award to Ebrahim Al Rayes, Chief Executive Officer of Bahrain Kuwait Insurance Company B.S.C. at a high-profile gala dinner and award ceremony held on the sidelines of the 9th Annual Middle East Insurance Forum (MEIF 2013).
Receiving the award, Ebrahim Al Rayes said that “we are delighted to receive the MEIF Institutional Excellence Award 2013. To receive this award, which is considered to be one of the most prestigious awards in the regional insurance industry, is indeed a great honour. This award highlights the financial strength of BKIC, our excellent record in achieving profit in the core insurance business, as well as a well-balanced policy of investment management and a good reputation enjoyed by the company in the markets in which we operate. It reflects our collective success in creating significant value for all our stakeholders, be it for our clients, our shareholders, the employees or the society at large.”
He also noted that “this award is a major milestone in our path to achieving our vision of becoming the leading insurance and risk solution provider in the region further strengthening our commitment and dedication towards excellence.”
The 9th Annual Middle East Insurance Forum (MEIF 2013), a two day event held under the patronage of the Central Bank of Bahrain, was attended by more than 500 leaders from the international and regional insurance industry.