Kuwait Insurance Q1 2020
The short-term outlook for Kuwait's insurance industry is positive, with both the life and non-life sectors expected torecord steady premium growth. Most households can afford insurance and while there are significant gaps in cover, insurers arereaching more first-time users through the expansion of distribution channels and development of more market-appropriateproducts. Major new entrants are unlikely as the competitive landscape is already highly fragmented, though the market is open toforeign participation and there is room for consolidation among smaller, less well-capitalised providers.
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