Kuwait – Insurance premiums increase by 7.4%
Tuesday, 05 02 2017, Category: Insurance and Reinsurance, Country: Kuwait
The value of direct premiums written by the 32 insurance companies operating in the Kuwaiti market increased by 7.4% reaching KD 347 million in year 2016 compared to KD 323 million in year 2015.
The insurance companies realized a jump in total premiums in the fourth quarter of year 2016, where premiums increased from KD 252 million in the end of the third quarter to KD 347 million at year end, representing a 37.7% increase.
Source: Al Qabas