A new report released this week by global market research firm Business Monitor International (BMI) has provided some insight into recent developments involving the Kuwait insurance industry.
While the insurance industry in Kuwait has grown considerably over the past decade, with gross premiums written expanding by about 11.9 percent annually since 1999, there is still much work to be done. Premiums currently amount to less than 1 percent of GDP in Kuwait, among the lowest in the region. This development has attracted multiple new players to the market and improved the overall competitive landscape of the industry.
