Kuwait-based KIB Takaful has shown a profitable financial performance, as evidenced by a three-year average net income return on equity of 8%, and mainly driven by good underwriting returns, says Fitch Ratings.
Kuwait Reinsurance Company (Kuwait Re) has disclosed that it has not experienced any material disruption to its business due to the Iran war, as it released its 2026 first-quarter financial results.
The Kuwaiti Insurance Regulatory Unit (IRU) has issued a resolution to prohibit cash transactions in the insurance sector.
Kuwait Re began operations at Gujarat International Finance Tec-City (GIFT City) on 1 April 2026 , the company has announced.
Gulf Insurance Group (GIG) is navigating one of the most challenging periods the Middle East has faced in the recent era, according to a company board member Dr Yousef Hamad Al-Ebraheem.
The Joint War Committee (JWC), which counts syndicate members from Lloyd's in its ranks, as well as representatives from the London insurance market, has listed the waters around Bahrain, Djibouti, Kuwait, Oman and Qatar as high-risk areas, according to a JWC Circular.
Gulf Insurance Group has announced a net profit of KWD24.7m ($80.3m), for the financial year ended 31 December 2025 (FY2025), 4.6% lower compared to a net profit of KWD25.9m in the previous year.
The Kuwaiti Insurance Regulatory Unit's (IRU) new requirement that insurance and reinsurance companies obtain a minimum credit rating should increase market confidence in their financial strength and support further sector development, Fitch Ratings says.
Kuwait Reinsurance Company (Kuwait Re) has posted a 40.9% increase in net profits to KWD19.9m ($64.9m) for the year ended 31 December 2025, according to the company's audited financial statements.
Kuwait's Insurance Regulatory Unit (IRU) directed that insurance and reinsurance companies operating in the country obtain a credit rating from an accredited international agency that meets the prescribed minimum standards.