Diversified economy helps Kuwaiti insurers but challenges remain

Kuwait’s bid to balance its revenue sources through the development of non-oil sectors, along with more stringent regulation of the insurance market, will have beneficial consequences for the nation’s insurers, according to research by Timetric.

Kuwait possesses the sixth largest oil reserves in the world, which form the backbone of its economy. However, in an attempt to secure stable economic growth in the future, the government has