Kuwait – 3 insurers control 44% of motor TPL
Tuesday, 11 06 2018, Category: Insurance and Reinsurance, Country: Kuwait
3 insurance companies in Kuwait “Aman Takaful Insurance Company”, “Dar Al Salam Insurance Company” and “Ghazal Insurance Company” controlled 44% of the total number of Motor Third Party Liability insurance in Kuwait last year, which reached 1.2 million contracts noting that the total third party insurance claims paid reached KD 19.7 million.
Moreover, the total direct insurance premiums written in the Kuwaiti market by 39 insurers increased by 25.3% reaching KD 435 million in year 2017 compared to KD 347 million in year 2016.
Source: Al Qabas