As of mid-2013, the overwhelming impression given by Kuwait’s (overwhelmingly non-life) insurance sector remains one of stagnation. In theory, Kuwait should be home to one of the Middle East’s leading insurance sectors. Thanks to energy exports, the economy has consistently performed well and local insurance companies are well established. Kuwait is also the base for very substantial and innovative shari’a-compliant financial institutions. The Kuwait Investment Authority is one of the major shareholders in Arig, one of the leading regional reinsurance companies.
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