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Figures in thousands
| 2023 rank | Companies | Insurance revenue | 2022-2023 evolution (1) | 2023 shares | |||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| KWD | USD | KWD | USD | ||||
| 1 | GIG Kuwait | 297 500 | 965 798 | 280 700 | 914 947 | 5.99% | 44.54% |
| 2 | Al Ahleia Insurance | 121 420 | 394 176 | 104 683 | 341 216 | 15.99% | 18.18% |
| 3 | Kuwait Insurance | 53 754 | 174 506 | 50 679 | 165 189 | 6.07% | 8.05% |
| 4 | Warba Insurance | 43 190 | 140 211 | 39 782 | 129 670 | 8.57% | 6.46% |
| 5 | Bahrain Kuwait Insurance BKIC | 21 777 | 70 698 | 20 077 | 65 442 | 8.47% | 3.26% |
| Top 5 companies total | 537 641 | 1 745 389 | 495 921 | 1 616 464 | 8.41% | 80.49% | |
| Rest of the market (2) | 130 359 | 423 193 | 135 079 | 440 293 | -3.49% | 19.51% | |
| Grand total | 668 000 | 2 168 582 | 631 000 | 2 056 757 | 5.86% | 100% | |
(1) Growth rate in local currency
(2) 28 companies
* According to the new IFRS 17 accounting standards
Exchange rate as at 31/12/2023: 1 KWD = 3.24638 USD ; at 31/12/2022 : 1 KWD = 3.25952 USD
To discover | Atlas Insurance Reports – Kuwait 2024
