Kuwait – Call to improve insurance regulation
Friday, 12 29 2017, Category: Insurance and Reinsurance, Country: Kuwait
Mr. Dawoud Salem Tawfeeq who heads the executive committee of the Kuwait Insurance Federation and vice chairman of the of the technical committee of the Gulf Insurance Federation said that the insurance sector contributes powerfully to the economy and its financing.
Moreover, he added in an interview with “Al Jarida” that the Kuwaiti insurance sector has a great potential and the country can take advantage of it by introducing the appropriate legislations and regulations as well as providing projects for insurers. He indicated that the local market is small compared to GCC markets, so he encouraged the entry of foreign companies that could introduce new concepts as Kuwait needs a better vision for insurance.
Source: Jarida Newspaper