KIC is a composite life and general insurer, ranking as the largest insurer in the Kuwaiti market in Non-Life business. Besides, it is one of the leading players in terms of technical reserves, shareholders’ equity, capitalization and superior solvency and liquidity margins. It is also among the top ten insurers in the region in terms of shareholders’ equity and assets.
KIC has a total staff strength of 250 employees in its Head Office and 12 branches. The Management recognizes the invisible asset of knowledge workers which is one of the key resources for competitive advantage. KIC has a fully integrated online IT system on par with some of the best in the world. KIC is therefore unquestionably capable of providing professional and quality service to its customers. KIC’s top management is directly involved to ensure operational control and prompt services. KIC’s reinsurance programmes are always placed with first class securities. KIC’s long-standing cordial relationship with various major global reinsurers coupled with its own sound reputation have ensured that major international corporations prefer to do business with KIC. KIC’s sound financial standing and excellent reinsurance arrangements have always ensured that claims are settled to the satisfaction of our valued clients.
KIC’s portfolio is well spread out across various classes. Apart from the competitive advantages in usual classes like fire, accident, engineering, liabilities, marine, aviation, motor and life, it holds the most prominent position in niche classes like professional indemnity – engineers, architects, lawyers, accountants as well as medical malpractice; besides financial institution risks.