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Kuwait’s Insurance Regulatory Unit issues two circulars regarding credit ratings

Kuwait’s Insurance Regulatory Unit (IRU) has issued circular no 19 of year 2026 concerning the adoption of disclosure models, corrective action plans, and follow-up implementation in case of a credit rating downgrade. It has also issued the circular no 18 of year 2026 regarding the update of guidelines related to the concept of ultimate beneficial owner (UBO).

Source: معلومات مباشر