Kuwait Drops Two Insurance Companies – Check the Updated List of 25 Approved Insurers

KUWAIT CITY, Nov 15: Kuwait’s Insurance Regulatory Unit has removed two insurance companies from the approved list of insurers authorized to issue compulsory vehicle insurance policies following the suspension of their insurance activities.

According to Decision No. 5 of 2026, published in the official gazette Kuwait Alyoum, Ta’azur Takaful Insurance Company and Arab Islamic Takaful Insurance Company have been excluded from the list of companies qualified to issue civil liability insurance policies arising from traffic accidents.

The decision, issued by Head of the Insurance Regulatory Unit Mohammed Suleiman Al-Otaibi on November 9, 2026, updates the list of companies authorized to provide compulsory vehicle insurance in Kuwait.

The move follows two earlier regulatory decisions, Nos. 60 and 61 of 2026, suspending the insurance activities of the two companies.

Under Article One of the new decision, both companies have been removed from the approved list, which has been revised in accordance with an attached schedule.

The updated list contains 25 insurance companies authorized to issue compulsory vehicle insurance policies.

The updated list contains 25 insurance companies authorized to issue compulsory vehicle insurance policies in Kuwait:

The decision was issued pursuant to Law No. 125 of 2019 concerning the regulation of insurance, the Traffic Law No. 67 of 1976 and relevant ministerial and regulatory decisions governing compulsory vehicle insurance.

Article Two stipulates that all concerned authorities shall implement the decision, each within its respective jurisdiction. It takes effect from the date of issuance and is to be published in the Official Gazette.