|
Al-Aheia Insurance Co. is proud to be a leading company in the field of creating many of the new insurance types aiming to protect the insured. These types include the following insurance policies :
- Personal accidents Insurance Policy for the car driver, his spouse, children and parents accompanying him.
- Civil Responsibility and no right of recourse Insurance Policy
Al-Ahleia Insurance Company has lately created the following types:
- Minor labor insurance policy (Insurance on the life of servants and minor labor)
- Youth insurance policy (Insurance of the life of youths starting from one year to twenty years age upon start of insurance)
- Accommodation protection insurance policy during summer holidays
Selections
From the Statistic Statement For the Insurance Companies Issued by Ministry of Commerce & Industry
For 2001
The Gross Insurance Premiums in the State of Kuwait markets are distributed as follows:
(Rounded to the Nearest K.D Million) amounted to:
|
Type of Company
|
Realized Share
|
Market Share
|
|
National Companies
|
65.9
|
83 %
|
|
Arabian Companies
|
5.6
|
7.05 %
|
|
Foreign companies
|
7.9
|
9.95 %
|
|
Total
|
79.4
|
100 %
|
The Gross Premiums Income of the National Insurance Companies in 2002
(Rounded to the Nearest K.D Million)
|
Company
|
Amount
|
Distributed Rate
|
|
Al Ahleia Insurance Co.
|
21545
|
27.6 %
|
|
Gulf Insurance Co.
|
26658
|
34.1 %
|
|
Kuwait Insurance Co.
|
186743
|
21.5 %
|
|
Warba Insurance Co.
|
147585
|
17.0 %
|
|
Total
|
867304
|
100 %
|
Distribution of Gross General Insurance & Life Premium in 2002
(Premium Rounded to the Nearest K.D Thousand)
|
Company Name
|
Fire
|
Gen. Insurance
|
Marine
|
Life
|
Total
|
| Al Ahleia Insurance Co. |
3429
|
6218
|
6254
|
5644
|
21545
|
| Gulf Insurance Co. |
4114
|
8752
|
3471
|
10321
|
26658
|
| Kuwait Insurance Co. |
1981
|
8191
|
2690
|
3441
|
16303
|
| Warba Insurance Co. |
4225
|
6580
|
1419
|
1461
|
13685
|
| Total |
13749
|
29741
|
13834
|
20867
|
78191
|
Distribution of Motor Premiums in 2001
|
Company Name
|
Suplemental Premiums
|
Third party Premiums
|
Total
|
| Al Ahleia Insurance Co. |
1581
|
2134
|
21545
|
| Gulf Insurance Co. |
2899
|
1529
|
26658
|
| Kuwait Insurance Co. |
1772
|
1140
|
16303
|
| Warba Insurance Co. |
1152
|
813
|
13685
|
| Total |
7404
|
5616
|
78191
|
Total Number of Insurance Policy Issued during 2001 in the State of Kuwait
The total number of General Accident policies, have issued inside the State of Kuwait during 2001 have amounted 813,187 and distributed as follows:
|
Type of Company
|
Number
|
Share
|
|
National Companies
|
502036
|
61.7 %
|
|
Arabian Companies
|
259045
|
31.9 %
|
|
Foreign companies
|
52106
|
6.4 %
|
|
Total
|
813187
|
100 %
|
State of shares belongs to National Insurance Companies in the number of shares
|
Type of Company
|
Number
|
Share
|
|
Al-Ahleia Insurance Co.
|
300643
|
34.7 %
|
|
Gulf Insurance Co.
|
232333
|
26.8 %
|
|
Kuwait Insurance Co.
|
186743
|
21.5 %
|
| Warba Insurance Co. |
147585
|
17 %
|
|
Total
|
867304
|
100 %
|
Number of Policies by the national insurnace companies during 2001 by type of business
|
Company Name
|
Fire
|
Gen. Accidents
|
Marine
|
Supple Mental
|
Third Parties
|
Other Accidents
|
Life
|
Total
|
| Al Ahleia Insurance Co. |
1127
|
141835
|
15433
|
9229
|
130856
|
1750
|
413
|
300643
|
| Gulf Insurance Co. |
1129
|
110490
|
7402
|
4483
|
104013
|
1994
|
2822
|
232333
|
| Kuwait Insurance Co. |
1791
|
88299
|
7416
|
6061
|
78356
|
3882
|
938
|
186743
|
| Warba Insurance Co. |
1134
|
68143
|
10108
|
6067
|
59812
|
2179
|
142
|
147585
|
| Total |
5181
|
408767
|
40359
|
25840
|
373037
|
9805
|
4315
|
867304
|
|
