Kuwait:Insurance mart tipped to grow at CAGR of 9% p.a. till 2021

By MEIR team | 10 Jan 2018

Kuwait Life & Health Property & Casualty

The insurance sector in Kuwait is expected to reach US$1.7 billion in 2021, registering a CAGR of 9.0% from 2016. At 1.01% the country has the lowest penetration rate in the GCC and is likely to experience strong growth in both life and non-life segments, according to Alpen Capital in a report released last month.

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