In 1959, as a part of its initial expansion plans, Intercol identified and realized the potential of entering the insurance business. Spurred by the growth of the economy in Bahrain,
Intercol, through an agency agreement associated itself with the New India Assurance Company (NIA) – an undertaking of the government of India and the largest nonlife insurance company in India.
The NIA division provides all types of non-life insurance coverage including:
Fire/Property insurance for factories, warehouses, shops and offices, residences and other buildings
Motor insurance for cars and commercial vehicles
Marine insurance for imports and exports
Project and Liability insurance
All types of accident and miscellaneous insurance coverage
True to its image as an international insurer, NIA has been able to satisfy the insurance needs of all nationalities, both local and expatriate. With a prudent strategy for market exposure, NIA has been constantly achieving impressive results amidst fierce competition. Its ability to sell need-based products and achieve customer satisfaction has enabled it to become the leading foreign insurance company in Bahrain, with an annual underwriting premium in excess of BD 3
million and is also a significant player in the reinsurance sector.
NIA has been rated A –excellent, by A.M. Best of the USA. NIA and Intercol proudly hold the distinction of forging an uninterrupted and time-tested association spanning nearly five decades, based on mutual trust and cooperation, rendering dedicated customer service in the field of general insurance to the people of Bahrain.