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Kuwait insurance industry in 2009

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Magazine Issue: 
2010, the year of uncertainty [3]
Magazine date: 
Jul 2010

Kuwait insurance industry in 2009: Direct premiums

in USD
 2009 direct premiums2008 direct premiums2008/2009
growth		2009 shares
National companies
Gulf Insurance1
120 756 879139 085 864-13.17%21.66%
Kuwait Insurance
98 808 56896 596 8482.28%17.72%
Al Ahleia Insurance
72 134 42886 528 578-16.63%12.94%
Warba Insurance
63 955 89877 299 421-17.26%11.47%
National Takaful
19 461 70722 273 025-12.62%3.49%
Bahrain Kuwait Insurance
17 121 88824 533 525-30.21%3.07%
First Takaful Insurance
16 403 66422 500 005-27.09%2.94%
Gulf Takaful Insurance
15 604 09321 068 513-25.93%2.80%
Enaya Insurance
13 519 96115 131 627-10.65%2.42%
Al Muthanna Takaful Insurance
11 25 5 2044 682 362140.37%2.02%
Kuwait Qatar Insurance
9 593 8938 141 02817.84%1.72%
Wethaq Takaful
8 863 18011 726 219-24.41%1.59%
Al Safat Takaful
8 476 60013 063 440-35.11%1.52%
Boubyan Takaful
5 772 3762 898 28299.16%1.02%
Retaj Takaful
5 162 2924 052 94127.37%0.93%
Al Ta'azur Takaful
4 966 7602 788 63378.11%0.89%
Ain Takaful
4 232 7404 660 521-9.17%0.76%
Intl' Takaful
3 073 038494 780521.09%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 63810 750 601-6.82%1.80%
Al Ittihad Al Watani Insurance
7 421 5248 837 568-16.02%1.33%
Al Daman Lebanese
6 245 6627 120 812-12.29%1.12%
Saudi Arabian Insurance
4 568 6834 522 3691.02%0.82%
Arabia Insurance
2 819 6932 840 390-0.73%0.50%
Jordan Insurance
1 820 3771 930 303-5.69%0.33%
National Insurance Co. Egypt
1 074 8041 625 292-33.87%0.19%
Total
33 967 381 37 627 335 -9.73% 6.09%
Others companies
Oriental Insurance
13 949 34311 793 89218.27%2.50%
New India Assurance
9 957 37810 154 273-1.93%1.78%
America Life Insurance
NA42 692 640NANA
Total
23 906 721 64 640 805 -63.01% 4.28%
Grand total
557 670 003659 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
 FireMarineMotorMisc. acc.1Non life
total		LifeTotal
National companies
Gulf insurance2
16 541 51110 338 39928 044 99330 509 98885 434 89135 321 988120 756 879
Kuwait Insurance
12 897 73612 497 69724 104 81334 219 84683 720 09215 088 47698 808 568
Al Ahleia Insurance
8 215 82516 373 67312 755 7877 580 00544 925 29027 209 13872 134 428
Warba Insurance
11 922 1245 871 54515 591 84021 141 96054 527 4699 428 42963 955 898
National Takaful
781 0534 491 9959 649 5412 541 76317 464 3521 997 35519 461 707
Bahrain Kuwait Ins
1 837 3221 745 3603 642 6709 896 53617 121 888-17 121 888
First Takaful Ins
2 187 4392 238 2259 418 6662 154 19715 998 527405 13716 403 664
Gulf Takaful Ins
793 085264 9366 994 2504 261 13712 313 4083 290 68515 604 093
Enaya Insurance
1 224 9363 275 6676 499 2602 520 09813 519 961-13 519 961
Al Muthanna Takaful
694 581315 9495 571 3553 399 8789 981 7631 273 44111 255 204
Kuwait Qatar Ins
741 4331 946 6471 754 0255 151 7889 593 893-9 593 893
Wethaq Takaful
1 029 373596 2425 129 3041 365 3438 120 262742 9188 863 180
Al Safat Takaful
674 549375 9334 769 1242 247 9738 067 579409 0218 476 600
Boubyan Takaful
307 11273 4402 166 6482 755 4325 302 632469 7445 772 376
Retaj Takaful
552 062252 2991 376 5122 981 4195 162 292-5 162 292
Al Ta'azur Takaful
407 623309 7421 190 1552 734 8654 642 385324 3754 966 760
Ain Takaful
50 29621 5433 981 182179 7194 232 740-4 232 740
Intl' Takaful
93 45427 9002 192 887758 7973 073 038-3 073 038
Ghazal Insurance
-136 096474 293-610 38922 343632 732
Total
60 951 51461 153 288145 307 305136 400 744403 812 85195 983 050499 795 901
Arab companies
Libano Suisse Ins
1 791 537537 5586 845 716841 82710 016 638-10 016 638
Al Ittihad Al Watani
73 64358 9467 222 65338 9357 394 17727 3477 421 524
Al Daman Lebanese
73 78210 2735 959 341202 2666 245 662-6 245 662
Saudi Arabian Ins
265 779942 4891 978 6661 381 7494 568 683-4 568 683
Arabia Insurance
606 574452 4361 385 795374 8882 819 693-2 819 693
Jordan Insurance
291 689731 334485 546311 8081 820 377-1 820 377
National Insurance
145 50541 515767 594120 1901 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 9653 440 3868 078 0861 073 90613 949 343-13 949 343
New India Assurance
1 364 406709 1387 239 262644 5729 957 378-9 957 378
America Life Ins
NANANANANANANA
Total
2 721 371 4 149 524 15 317 348 1 718 478 23 906 721 - 23 906 721
Grand total
66 921 39468 077 363185 269 964141 390 885461 659 60696 010 397557 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
3.66032
3.49663
Source: Ministry of commerce and industry. Insurance department
Mon, 20/05/2013 - 15:57

Source URL: https://www.atlas-mag.net/en/article/kuwait-2009

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