13/03/2024
ABOUT PANORENT OIL GROUP
Panorent oil Group is aligning closely with our investors as we all work through the current market environment. To assist them, we have simplified our contracting principles and developed alternative commercial models. This investors service focus has resulted in Panorent oil Group capturing a higher share of the contracts awarded, including the areas we specialize in: Oil Storage.
Our Service
WORKING RESPONSIBLY
Operating safely and responsibly is embedded in our culture. Panorentoil Group business is multifaceted and we are committed to operating safely and responsibly. We engage with a broad range of stakeholders to ensure this commitment is embedded into our working practices, framing how we interact with our customers, our partners and communities.
Crude oil and product trading
We are the leading independent trader of crude oil and products with global physical operations underpinned by market-leading intelligence and understanding of energy flows worldwide.
Sustainable energy
We are investing in sustainable energy solutions worldwide. Our renewables portfolio is complemented by our established presence and existing partnerships across multiple markets.
Two Girls working together
COMPANY INSURANCE
Gulf Insurance Company was established at the end of 2007 as a subsidiary of Gulf Insurance Group. In 2014, Gulf Life Insurance Company changed its name to Gulf Insurance and Reinsurance Company. The license was modified to practice health / life insurance and general insurance business. In 2017, GIRI transformed their brand name to Gulf Insurance Group-Kuwait (gig-Kuwait). This change was in collaboration with all Gulf Insurance Group subsidiaries, for a unified and streamlined identity.
As of December 2017, the company operates with paid-up capital of KD 18 million.
Gulf Insurance Group-Kuwait is the first insurance company to lead the life and health insurance business in the local market. It is currently the largest insurance company in Kuwait in terms of gross written premiums and retained premiums in the life, health and auto insurance sectors.
Panorent oil Group Group got insured by gulf insurance in the year 2008 with over 17 million dollars and in 2022 increased it to 30 million dollars Gulf Insurance Group-Kuwait is the first insurance company to lead the life and health insurance business in the local market. It is currently the largest insurance company in Kuwait in terms of gross written premiums and retained premiums in the life, health and auto insurance sectors.
