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Insurers' profit rises 25% in Kuwait

Posted On: Aug. 26, 2019 7:16 AM CST

Kuwait financial growth

Kuwait-based insurers' total profit grew nearly 25% year over year to 28.5 million Kuwaiti dinars ($94 million) in the first half of this year, Middle East Insurance Review reported citing sources. Gulf Insurance Group K.S.C.P.'s profits grew more than 23% to KWD 8 million. Mohammed Siddiqui, a financial analyst, said that most Kuwaiti insurers are likely to face solvency-related challenges this year.

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