Life Report

Product Insurance Market Reports Life Rev Kuwait

Key Highlights

Get access to Axco’s online product with the latest market intelligence for the market of your choice


  • Key insights and explanations of market developments in life insurance, healthcare and pensions
  • Details Kuwait's insurance, social security, pensions and healthcare regulatory framework and company and personal tax considerations
  • Current legislation and upcoming changes
  • The latest developments in Kuwait's economic and political environment
  • Demographic information
  • Market statistics and company performance

Report Overview

Independent strategic insight, line of business detail, regulatory information & market data for the non-life (P&C) insurance market of Kuwait

The Kuwait life and benefits market report provides a comprehensive, impartial analysis of the life insurance market of Kuwait. Information extends to extensive detail on healthcare (public and private), pensions and benefits, and social security. Specialist researchers visit Kuwait and interview local professionals working across the local market. The report is updated with new information and data regularly throughout the cycle of country visits.

The report provides information about Kuwait’s demographic profile and assesses its economic, political, climate, operational, and security risks. Key data on the investment environment in Kuwait is available.

Axco’s report describes the regulatory framework that applies to the domestic life insurance sector, including whether non-admitted insurance is permitted in Kuwait; as well as the legislation necessary to know regarding Kuwait’s healthcare, pensions and social security.

Statistics include five years of life insurance market performance indicators, including gross written premiums, premium growth and penetration rates. Company statistics show who are the leading life insurance companies in Kuwait with local life insurance company premiums, market share and year on year growth.

Life Insurance

Axco provides details on the life insurance sector including Kuwait market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.


The report describes the public and private healthcare system in Kuwait, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.


Axco reports on the three pillars of Kuwait's pension provision.

  • State pension benefits including benefit calculations and eligibility criteria 
  • Workplace pension provision; types of schemes calculations eligibility and; tax implications
  • Voluntary individual pension provision, type of products and tax implications

Social Security

The Kuwait report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

  • state pensions,
  • permanent disability benefit
  • occupational accident and disease
  • maternity and paternity payments 

Kuwait Life and Benefits Report Extract

Below are brief extracts of information from the Kuwait Life & Benefits Report; more updated information may be available in the latest published report.

Life Insurance

The Kuwaiti life insurance market is largely underdeveloped. The generous social security programme, at least for Kuwaitis, does not drive a savings culture and investments by Kuwaitis are more likely to take the form of stock exchange dealings than a life assurance product.

The Kuwaiti life insurance market reduced by 9.16% in 2018 while real GDP increased by 1.25%. Individual life business fell by 8.89%, with group life falling by 9.25%, significant growth in both life sectors is not expected in either ....


The pensions market in Kuwait has long been inhibited by several factors: generous pensions for Kuwaiti nationals are provided under the social security legislation; there is no saving mentality among Kuwaitis; and companies do not make pension provisions for their expatriate staff (who tend mainly to be employed on short-term contracts).

There is a growing awareness that social security ....


The healthcare system in Kuwait is set to undergo significant change. Kuwait has long provided free medical care to its nationals, offering treatment in government hospitals and clinics and by other state-owned healthcare providers. Since April 2000 expatriates have been required to pay nominal costs for access to treatment in the same government hospitals and clinics. The growth of both sectors of the population led to overcrowding at medical facilities throughout the emirate and the government is responding by segregating treatment.

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