Laos Power Q1 2019
The insurance industry in Kuwait has to contend with some substantial barriers. This is fundamentally a small marketwhere demand from residents it limited due to generous state-provided benefits. Demand from expatriates is under pressure due toefforts to reduce the reliance upon foreign labour. An underdeveloped regulatory market is also a factor which dampens growthpotential, hindering new foreign investment in the industry. That being said, comparatively high average income levels meansinsurance is affordable for most households and carriers are making an effort to reach more first time consumers which willstimulate growth in the industry.
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