Kuwait's Ministry of Health has introduced new regulations raising health insurance premiums for expatriate residents, which will ease government budgetary pressure and support the private health insurance sector.
Gulf Insurance Group (GIG) has announced that Mr Khaled Saoud Al Hasan is going to step down from his role as Group CEO with effect from 31 December 2025.
Boubyan Takaful Insurance Company enjoys a strong capital position, Fitch Ratings has pointed out.
The combined net profit of 75 listed GCC insurers remained steady at $1.7bn in the first nine months of this year (9M2025), with mirroring trends from the first half of the year, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Gulf Insurance Group (GIG) reported a net insurance result of KWD11.6m ($37.9?m) for the first nine months of 2025, down from KWD24.9m in the same period last year.
Kuwait Reinsurance Company (Kuwait Re) reported a net profit of KWD12.96m for the first three quarters of this year (3Q2025), 36.4% higher than the KWD9.50m posted for the corresponding period in 2024, according to interim financial reports released by the reinsurer.
The chairman of the Supreme Committee for Insurance Regulation, Mr Muhammad Al-Otaibi, has announced the cancellation of a unified system for compulsory vehicle insurance policies following a court ruling on an appeal.
Kuwait-based Gulf Takaful Insurance (GIG Takaful) is expected to see 8%-12% revenue growth per year in the next two years, under a base-case scenario by S&P Global Ratings (S&P).
Gulf Insurance Group (GIG) has a record of strong operating performance and in 2024 reported post-tax profits of KWD31.8m ($103.5m), equating to a return on equity of 8.4%, as calculated by AM Best.
The Kuwaiti government has officially repealed the health insurance law for Kuwaiti retirees, more than a year after it was suspended.