Kuwaiti insurers’ premiums up nearly 15%
Posted On: Mar. 30, 2023 9:54 AM CST![Kuwait](https://bicontent.businessinsurance.com/e537555c-2109-4e43-b478-e478527a99a7.jpg)
Data from the Kuwait Insurance Federation showed that local insurers’ total premiums increased 14.6% year-on-year to 629.9 million Kuwaiti dinars ($2.96 billion) in 2022, Middle East Insurance Review reported citing Al Anba. Kuwait-incorporated insurers saw KWD566.6 million of the total premiums reported for 2022, while foreign insurers operating in the country posted the remaining KWD63.3 million in premiums.