Governance, Risk and Compliance – The Kuwaiti Insurance Industry

Date: 2015-09

“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 product 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”

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