“Bahraini Kuwait Insurance” launches its new product “Treasury”

Heba Mohsen

Provides comprehensive protection for jewelry stores..

The Bahraini Kuwait Insurance Company B.S.C. organized A workshop on jewelry insurance, in conjunction with the launch of its new product, “Treasury,” to insure jewelry stores against risks.

Head of the Marketing and Sales Department, Abdul Rahman Al-Musali, said in a press statement that the “Khazanah” product, which aims to provide insurance for jewelry stores in Bahrain, targets more than 1,000 records of jewelry stores in the country, and provides comprehensive protection from a variety of risks.

The features of the “Khazaen” product include insurance against theft, natural disasters, such as fire and earthquakes, betrayal by employees, and exhibition coverage, as jewelry stores can participate in exhibitions, whether internal or external, and the company covers these events on the condition of prior notification, and without additional fees. As long as the exhibits are within the limits of the policy.

The features also include protection from cyber attacks, as the product covers attacks targeting the store’s sales platforms, and securing the stores’ workshops, with some conditions.

Al-Musalli pointed out that this type of insurance is not available in all companies, due to its privacy and sensitivity, which requires stores to deal with reputable and trustworthy insurance companies, stressing the importance of educating customers about the terms and conditions of the policy, which contributes to enhancing their understanding of their insurance needs.

With a risk rate not exceeding 1%, Al-Musalli hopes to achieve great demand for the new product, which will help protect the assets of jewelry merchants in Bahrain and enhance their sense of security.

For his part, the company’s senior director of marketing and sales, Hassan Al-Sayegh, said: “We expect that small stores will benefit more than large stores from this coverage, as its cost is much lower and depends on the value of the contents inside the store,” explaining that the company is initially targeting at least 100 stores. It took place at the beginning of 2025, as today’s event targets small, medium and large stores to educate everyone about the value and importance of the insurance program.

Al-Sayegh added: “We are very pleased with this remarkable attendance and great interaction with the event, and our primary goal of this workshop is to provide local gold merchants with all the information they need to protect their valuable assets.”

During the event, experts in the field provided valuable insights into the importance of comprehensive insurance coverage, pointing out its role in protecting against theft, loss, and unexpected events to which the merchant may be exposed.

The attendees also gained practical knowledge about how to deal with insurance policies designed specifically for the jewelry sector.

The event was not limited to providing presentations and educational content, but also provided networking opportunities among gold traders.

The participants were able to exchange experiences and best practices, which contributed to strengthening the strength of the jewelry industry community in Bahrain and building a more aware and strong network.