Kuwait – Insurance Federation still supports the creation of an authority
Wednesday, 06 10 2015, Category: Insurance and Reinsurance, Country: Kuwait
The chairman of the Kuwait Insurance Federation Mr. Tareq Sahhaf said that the efforts of the federation are ongoing in order to support the authorities in adopting the new insurance law which includes the establishment of an independent authority which will be responsible about the local insurance market and its regulation, noting that are frequent meetings between the Federation and the consultative committee of the ministry of commerce and industry.
He showed that the future responsibilities of the Federation will focus on training and preparing the human resources and technical staff of the insurance sector in addition to solving the problems facing the sector.
As the chief executive officer of Gulf insurance and reinsurance company he revealed that his company intends to offer 6 new products related to the health insurance of individuals, confirming that the health sector witnessed a marked increase on a local level, expecting the health insurance sector to grow as result not to mention the expected implementation of the health insurance for retirees that will support the performance of the health sector in the next period.
Source: Al Seyassah