Despite the slowing regional economy and strong competition among local players, Kuwait’s insurance sector has seen steady growth in recent years, due in large part to rising demand for non-life products and increased activity in the takaful (Islamic insurance) segment. In 2015 the industry brought in an estimated KD315m ($1.04bn) in total gross written premiums (GWPs), up 4.3% from KD302m ($...
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Chapter | Capital Markets from The Report: Kuwait 2016
More than six years of strategic planning came to fruition in late April 2016, when Boursa Kuwait Securities Company, a private firm established in 2014, took over management of the Kuwait Stock Exchange. The move was widely understood to indicate the beginning of a new era for Kuwait’s capital market. This shift follows on from a series of major reforms initiated by the passage of the 2010...
With a raft of large-scale, government-led development projects on the docket, rising retail deposits and strong support from regulators and other authorities, Kuwait’s banking sector is widely considered to be poised for a period of long-term growth. This follows a difficult period linked to the broader economic volatility that has impacted the Gulf region in recent years. Nonetheless, as of...
The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
Interviews & Viewpoints | Mohammed Kari, Commissioner for Insurance, National Insurance Commission (NAICOM): Interview from The Report: Nigeria 2016
Articles & Analysis | Nigeria's Islamic insurance segment developing quickly from The Report: Nigeria 2016
Nigeria’s takaful (Islamic insurance) segment has developed rapidly in recent years. Since the introduction of the Takaful Operations Guidelines – the nation’s first rulebook for sharia-compliant insurance products – by the National Insurance Commission (NAICOM) in 2013, the country has seen an influx of interest in developing takaful...