Kuwait insurance industry in 2009

Kuwait insurance industry in 2009: Direct premiums

in USD

	2009 direct premiums	2008 direct premiums	2008/2009 growth	2009 shares
National companies
Gulf Insurance¹	120 756 879	139 085 864	-13.17%	21.66%
Kuwait Insurance	98 808 568	96 596 848	2.28%	17.72%
Al Ahleia Insurance	72 134 428	86 528 578	-16.63%	12.94%
Warba Insurance	63 955 898	77 299 421	-17.26%	11.47%
National Takaful	19 461 707	22 273 025	-12.62%	3.49%
Bahrain Kuwait Insurance	17 121 888	24 533 525	-30.21%	3.07%
First Takaful Insurance	16 403 664	22 500 005	-27.09%	2.94%
Gulf Takaful Insurance	15 604 093	21 068 513	-25.93%	2.80%
Enaya Insurance	13 519 961	15 131 627	-10.65%	2.42%
Al Muthanna Takaful Insurance	11 25 5 204	4 682 362	140.37%	2.02%
Kuwait Qatar Insurance	9 593 893	8 141 028	17.84%	1.72%
Wethaq Takaful	8 863 180	11 726 219	-24.41%	1.59%
Al Safat Takaful	8 476 600	13 063 440	-35.11%	1.52%
Boubyan Takaful	5 772 376	2 898 282	99.16%	1.02%
Retaj Takaful	5 162 292	4 052 941	27.37%	0.93%
Al Ta'azur Takaful	4 966 760	2 788 633	78.11%	0.89%
Ain Takaful	4 232 740	4 660 521	-9.17%	0.76%
Intl' Takaful	3 073 038	494 780	521.09%	0.55%
Ghazal Insurance²	632 732	-	-	0.12%
Total	499 795 901	557 525 612	-10.35%	89.63%
Arab companies
Libano Suisse Insurance	10 016 638	10 750 601	-6.82%	1.80%
Al Ittihad Al Watani Insurance	7 421 524	8 837 568	-16.02%	1.33%
Al Daman Lebanese	6 245 662	7 120 812	-12.29%	1.12%
Saudi Arabian Insurance	4 568 683	4 522 369	1.02%	0.82%
Arabia Insurance	2 819 693	2 840 390	-0.73%	0.50%
Jordan Insurance	1 820 377	1 930 303	-5.69%	0.33%
National Insurance Co. Egypt	1 074 804	1 625 292	-33.87%	0.19%
Total	33 967 381	37 627 335	-9.73%	6.09%
Others companies
Oriental Insurance	13 949 343	11 793 892	18.27%	2.50%
New India Assurance	9 957 378	10 154 273	-1.93%	1.78%
America Life Insurance	NA	42 692 640	NA	NA
Total	23 906 721	64 640 805	-63.01%	4.28%
Grand total	557 670 003	659 793 752	-15.47%	100.00%

¹ Including life premiums of Gulf Life Insurance Company ² Ghazal Insurance Company was created in June 2008 NA: Not available

Kuwait insurance industry: 2009 direct premiums per company and per class

in USD

	Fire	Marine	Motor	Misc. acc.¹	Non life total	Life	Total
National companies
Gulf insurance²	16 541 511	10 338 399	28 044 993	30 509 988	85 434 891	35 321 988	120 756 879
Kuwait Insurance	12 897 736	12 497 697	24 104 813	34 219 846	83 720 092	15 088 476	98 808 568
Al Ahleia Insurance	8 215 825	16 373 673	12 755 787	7 580 005	44 925 290	27 209 138	72 134 428
Warba Insurance	11 922 124	5 871 545	15 591 840	21 141 960	54 527 469	9 428 429	63 955 898
National Takaful	781 053	4 491 995	9 649 541	2 541 763	17 464 352	1 997 355	19 461 707
Bahrain Kuwait Ins	1 837 322	1 745 360	3 642 670	9 896 536	17 121 888	-	17 121 888
First Takaful Ins	2 187 439	2 238 225	9 418 666	2 154 197	15 998 527	405 137	16 403 664
Gulf Takaful Ins	793 085	264 936	6 994 250	4 261 137	12 313 408	3 290 685	15 604 093
Enaya Insurance	1 224 936	3 275 667	6 499 260	2 520 098	13 519 961	-	13 519 961
Al Muthanna Takaful	694 581	315 949	5 571 355	3 399 878	9 981 763	1 273 441	11 255 204
Kuwait Qatar Ins	741 433	1 946 647	1 754 025	5 151 788	9 593 893	-	9 593 893
Wethaq Takaful	1 029 373	596 242	5 129 304	1 365 343	8 120 262	742 918	8 863 180
Al Safat Takaful	674 549	375 933	4 769 124	2 247 973	8 067 579	409 021	8 476 600
Boubyan Takaful	307 112	73 440	2 166 648	2 755 432	5 302 632	469 744	5 772 376
Retaj Takaful	552 062	252 299	1 376 512	2 981 419	5 162 292	-	5 162 292
Al Ta'azur Takaful	407 623	309 742	1 190 155	2 734 865	4 642 385	324 375	4 966 760
Ain Takaful	50 296	21 543	3 981 182	179 719	4 232 740	-	4 232 740
Intl' Takaful	93 454	27 900	2 192 887	758 797	3 073 038	-	3 073 038
Ghazal Insurance	-	136 096	474 293	-	610 389	22 343	632 732
Total	60 951 514	61 153 288	145 307 305	136 400 744	403 812 851	95 983 050	499 795 901
Arab companies
Libano Suisse Ins	1 791 537	537 558	6 845 716	841 827	10 016 638	-	10 016 638
Al Ittihad Al Watani	73 643	58 946	7 222 653	38 935	7 394 177	27 347	7 421 524
Al Daman Lebanese	73 782	10 273	5 959 341	202 266	6 245 662	-	6 245 662
Saudi Arabian Ins	265 779	942 489	1 978 666	1 381 749	4 568 683	-	4 568 683
Arabia Insurance	606 574	452 436	1 385 795	374 888	2 819 693	-	2 819 693
Jordan Insurance	291 689	731 334	485 546	311 808	1 820 377	-	1 820 377
National Insurance	145 505	41 515	767 594	120 190	1 074 804	-	1 074 804
Total	3 248 509	2 774 551	24 645 311	3 271 663	33 940 034	27 347	33 967 381
Other companies
Oriental Insurance	1 356 965	3 440 386	8 078 086	1 073 906	13 949 343	-	13 949 343
New India Assurance	1 364 406	709 138	7 239 262	644 572	9 957 378	-	9 957 378
America Life Ins	NA	NA	NA	NA	NA	NA	NA
Total	2 721 371	4 149 524	15 317 348	1 718 478	23 906 721	-	23 906 721
Grand total	66 921 394	68 077 363	185 269 964	141 390 885	461 659 606	96 010 397	557 670 003

¹ Including health insurance ² Including life premiums of Gulf Life Insurance Company NA: Not available

Exchange rate KWD/USD as at 31/12	2008	2009
Exchange rate KWD/USD as at 31/12	3.66032	3.49663

Source: Ministry of commerce and industry. Insurance department

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Mon, 20/05/2013 - 15:57

Kuwait insurance industry in 2009

Kuwait insurance industry in 2009: Direct premiums

Kuwait insurance industry: 2009 direct premiums per company and per class

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