Kuwait – Unifying the insurance contract
Wednesday, 01 25 2017, Category: Insurance and Reinsurance, Country: Kuwait
Informed sources told “Al Rai” that the ministry of commerce and industry is leading efforts to unify the provisions of the insurance contracts issued by local companies especially the insurance policies targeting individuals. This is expected to expand insurance cover and benefits offered to customers.
The sources said that the unified insurance contract will affect all insurance classes sold such as motor insurance and other operations and will eliminate the current differences among customers of different companies who have the same insurance class, indicating that the future unified insurance contract will be enforced in all insurance companies.
Source: Al Rai