Insurance Regulatory Unit (Kuwait)

The Insurance Regulatory Unit (Arabic: وحدة تنظيم التأمين) was established in accordance with Law No. (125) of 2019 regarding the regulation of insurance issued in the Official Gazette on 01-09-2019, and according to the law, the unit regulates insurance activity and controls it in a manner that is fair, transparent and competitive, and develops insurance activity. In line with international best practices and providing protection for all stakeholders involved in the insurance activity.

Objectives
Source:


 * Regulates insurance market activities in a manner that is fair, transparent and competitive.
 * Develops insurance activities and mechanisms in line with best international best practices.
 * Providing protection for all stakeholders involved in insurance activities.
 * Applies policies that achieves fairness, transparency and prevents conflict of interests.
 * Ensures compliance with regulations pertaining to insurance activities.
 * Raises public's awareness of insurance activities, benefits, risks, and legal obligations.