Kuwait: Insurance unit introduces new rating standards for foreign providers

Source: Middle East Insurance Review | Mar 2025

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.

Foreign insurance companies operating in Kuwait are required to submit documents indicating that the parent company has obtained a credit rating from one of the approved international rating agencies, namely AM Best, Standard & Poor’s, Moody’s Investors Service and Fitch Ratings.

Branches of foreign insurance companies are obligated to ensure that the parent company maintains its rating during the period of its licence and submits a certificate (accompanied by an Arabic translation) from an approved rating agency. M

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