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Kuwait: KD 429.6 mn insurance compensation paid in 2023

Official documents showed that 40 Kuwaiti and foreign insurance companies operating in the local market paid during 2023 about 429.6 million dinars in insurance compensation for 9 types of insurance policies, as the country witnessed during the year the issuance of more than 1.88 million insurance policies, with written premiums worth 667.9 million dinars. In detail, car insurance against third parties and comprehensive insurance in the UAE raise insurance by 30% after heavy rains.

Source: Al Morakeb Group