Foreign insurers operating in Kuwait are subject to a new condition that requires a minimum rating standard for their parent companies, according to a new resolution the regulator has issued.
Despite uncertainties, great majority of insurance CEOs in Saudi Arabia are confident in their company's growth prospects over the next three years, though talent gaps could bear negative impacts, according to a report released by the global services firm, KPMG.
A vast majority of insurance claims from the rains and resultant flooding in the UAE has been settled.