UAE: Abu Dhabi National Takaful Co's 2023 strong profitability boosted by investment income

Published on March 4, 2024
Based on 2023 IFRS17 preliminary results, Abu Dhabi National Takaful Company (ADNTC) reported a return on equity of 22%, a significant improvement from 4% in 2022, says Fitch Ratings.
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Kuwait: Non-life business forecast to drive insurance market between 2023 and 2028

March 4, 2024
The insurance market in Kuwait is estimated to grow at a CAGR of 6.4% between 2023 and 2028 to reach $2.4bn, according to UAE-based investment banking advisory firm, Alpen Capital.

Bahrain Kuwait Insurance reports stable insurance revenue in 2023

March 4, 2024
Bahrain Kuwait Insurance Company (BKIC), part of Kuwait's Gulf Insurance Group, has reported an 8% increase in insurance revenue to BHD109.988m in 2023 from BHD101.926m in 2022, according to