Kuwait – Traffic law changes harm insurance
Monday, 05 15 2017, Category: Insurance and Reinsurance, Country: Kuwait
The Chief Executive Officer of First Takaful insurance company Mr. Hussain Ali Al-Attal said that the changes introduced in the executive law of the Traffic law especially article three are sufficient to distort the insurance operations, indicating that the changes are a bullet of mercy for insurance companies.
Moreover, Mr. Al-Attal added in his comments about the law changes that were submitted to the Kuwait Insurance Federation and of which “Al Qabas” received a copy, that these changes contain all the current problems and added new problems as well, which hinder the work of insurance companies noting that insurance became an intrinsic part of the local and global economic system and a pillar of social life serving development and reform.
Source: Al Qabas