January 18, 2020
Kuwaiti Insurance Industry

Kuwaiti Insurance Industry: Key Trends and Changes | Banking Services Market Research Report | JSB Market Research

JSB Market Research offers the latest report on the Kuwaiti Insurance Industry that provides a detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, marine, aviation, and transit insurance.

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Governance, Risk and Compliance – The Kuwaiti Insurance Industry report is the result of extensive research into the insurance regulatory framework in Kuwait.

It provides a detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation, and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.

The report brings together research, modeling, and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the Scope of non-admitted insurance in the country.

Key Highlights

– The Ministry of Commerce and Industry regulates the Kuwaiti insurance industry.

– 100% FDI is permitted in the Kuwaiti insurance industry.

– Motor third-party liability insurance and liability insurance for pleasure crafts are compulsory classes of insurance in Kuwait.

– Composite insurance is permitted in the Kuwaiti insurance industry.

– Non-admitted insurance is prohibited in Kuwait with few exceptions.

The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Kuwait, including –

– An overview of the insurance regulatory framework in Kuwait.

– The latest key changes, and changes expected in the country’s insurance regulatory framework.

– Key regulations and market practices related to different types of insurance products in the country.

– Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Kuwait.

– Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.

– Details of the tax and legal systems in the country.

Scope

– The report covers details of the insurance regulatory framework in Kuwait.

– The report contains details of the rules and regulations governing insurance products and insurance entities.

– The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework.

– The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.

– The report provides details of taxation imposed on insurance products and insurance companies.

Reasons to buy

– Gain insights into the insurance regulatory framework in Kuwait.

– Track the latest regulatory changes, and expected changes impacting the Kuwaiti insurance industry.

– Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.

– Understand key regulations and market practices pertaining to various types of insurance products.

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adminglobal

Hi, Thank you for landing on my page! To quickly brief about me, I happen to work with JSB Market as a research analyst. Business and Industrial domains are vast and everchanging! and it's fascinating! To share this fascination about business and industrial facts and events, I'll be posting blogs on similar subjects. Hope you'll be enlightened if not content.

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