The Insurance Regulatory Unit (IRU) has held a coordination meeting with the Ministry of Interior to discuss mechanisms for enhancing compliance with the provisions of the Insurance Regulation Law, executive regulations and decisions, in addition to other laws and legislation related to the insurance sector.
The Insurance Regulatory Unit (IRU) has given insurance companies under its supervision to submit data on the number and percentage of national workers employed in the insurance sector, in accordance with an approved reporting model.
First Takaful Insurance Company (FTIC) is assessed as having marginal operating performance, reflecting the insurer's weak, albeit improving, overall profitability, indicates AM Best.
Zamzam Takaful Insurance Company (Zamzam) has a good track record of underwriting and overall profitability over the past five years. In addition, the predominance of short-tail insurance business reduces reserving risk and enables the insurer to respond to changing market conditions without much delay, notes Moody's Ratings (Moody's).
Kuwait's listed insurance sector carried firm momentum into the first half of 2026, with aggregate insurance revenue for the eight listed insurers rising by 8% to KWD624m [$2.02bn] (1H2025: KWD577m), according to an analysis by BADRI Management Consultancy.
Kuwait-headquartered Gulf Insurance Group (GIG) has a record of strong operating performance, says AM Best, noting that in 2025, the company reported post-tax profits of KWD31.5m ($102.6m).
Regional broking group ACE Gallagher Holding has announced the acquisition of United Partners Insurance Brokers (UPI Brokers), a well-established insurance brokerage in Kuwait.
The insurance revenue of Gulf Insurance Group (GIG), a large regional insurance group, returned to growth in 2026, noted S&P Global Ratings (S&P).
Gulf Insurance Group (GIG) has announced a net profit of KWD23.8m ($76.7m) for the first half of 2026, an increase of 89.2% or KWD11.2m, compared to the corresponding half in 2025.
The financial performance of T'azur Takaful Insurance Company (T'azur) is satisfactory, as reflected in a net income return-on-equity of about 5% in 2025 (19% when adjusted for Qard Hassan), said Fitch Ratings.