Aman Takaful Insurance Company

What Aman Takaful Insurance Company does

Aman Takaful Insurance Company KSCC is a Kuwait-based, privately held insurance provider operating under the Takaful model — a Sharia-compliant cooperative insurance framework in which policyholders contribute to a mutual pool of funds rather than paying conventional premiums. The company serves both individual consumers and business entities in Kuwait, offering seven core product lines: motor, travel, marine, medical/health, engineering, workers' compensation, and equipment insurance. Coverage spans personal protection (health, travel, vehicles), property protection (equipment, engineering projects), and liability coverage (workers' compensation) across retail and commercial customers.

The business is delivered through a direct-to-consumer digital channel centered on the company's Arabic-language website, which functions as the primary marketing, quotation, and customer engagement touchpoint. Pricing is quote-based rather than tiered, with customers submitting requests through an online form and receiving callbacks; the company emphasizes 24/7 accessibility and 12+ years of industry experience. There is no public disclosure of core underwriting technology, proprietary models, or AI/ML systems — the technology stack is not described in available source data.

Aman Takaful operates as a Kuwait Shareholding Closed Company (KSCC), a private entity structure with no public ticker and no disclosed institutional investors, parent company, or subsidiaries. No funding rounds, M&A activity, partnerships, leadership changes, or financial figures (revenue, premium volume, claims ratio) are publicly disclosed. The company has no disclosed mobile application, no API/SDK offering, no patents or trademarks on record, and no documented awards, regulatory actions, or compliance certifications. The headquarters are located at Al Sharq, Ahmad Al Jaber Street, Grafiti Tower, Floor 13, Kuwait City.

Name

Aman Takaful Insurance Company

Legal name

Aman Takaful Insurance Co. KSCC

Website

https://amantakaful.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Aman Takaful Insurance Company is a Kuwait-based private insurer offering Sharia-compliant (Takaful) coverage across motor, health, travel, marine, engineering, workers' compensation, and equipment lines for individual consumers and businesses, distributed primarily through a direct-to-consumer website.

Ownership category

akta.pro rank

Product category

Cooperative Insurance (Takaful)

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Fire, Marine & Casualty Insurance (6331), Accident & Health Insurance (6321)

akta.pro primary industry

Takaful Bancassurance (Islamic Insurance Distribution) (FSABAGAM)

Keywords

• Takaful cooperative insurance
• Sharia-compliant insurance
• Motor insurance coverage
• Medical insurance policies
• Commercial property insurance

Headquarters

HQ city

Al Kuwait

HQ country

Kuwait

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Takaful Insurance Premiums: Aman Takaful operates under Islamic insurance principles (Takaful), collecting premiums from policyholders and providing coverage for motor, health, travel, marine, engineering, workers, and equipment insurance. The company functions as a cooperative insurance model where participants contribute to a mutual pool of funds.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Aman Takaful Insurance Company is a Sharia-compliant Takaful (Islamic cooperative) insurance provider offering a diversified portfolio of general insurance products, including motor, travel, marine cargo, medical, engineering, workers' compensation, and equipment insurance. The company serves both individual consumers seeking personal and family protection and business entities requiring commercial coverage, operating under cooperative risk-sharing principles with 24/7 customer service.

Product overview

Aman Takaful Insurance Company KSCC is a Kuwait-based takaful (Islamic cooperative insurance) provider offering a portfolio of seven distinct insurance products across personal and commercial lines. The core offerings include Motor Insurance (تأمين المركبات), Travel Insurance (تأمين السفر), Marine Insurance (التأمين البحري), Medical/Health Insurance (التأمين الطبي), Engineering Insurance (التأمين الهندسي), Workers' Compensation Insurance (تأمين العمال), and Equipment Insurance (تأمين المعدات). The company positions itself as a comprehensive insurance solutions provider, with an online quotation request system enabling customers to obtain price quotes across all product lines. The products collectively cover personal protection (health, travel, vehicles), property protection (equipment, engineering projects), and liability coverage (workers' compensation) for both individual and commercial customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Sharia-compliant cooperative motor insurance coverage for vehicle owners, providing protection against motor-related risks for individuals and businesses.
• Travel Insurance Sharia-compliant travel insurance for individuals seeking coverage during domestic and international travel.
• Marine Cargo Insurance Sharia-compliant marine cargo insurance for businesses transporting goods by sea, covering cargo-related risks during transit.
• Medical Insurance Sharia-compliant medical/health insurance for individuals and families seeking healthcare coverage in accordance with Takaful principles.
• Engineering Insurance Sharia-compliant engineering insurance for businesses and contractors, covering construction and engineering project risks.
• Workers' Compensation Insurance Sharia-compliant workers' compensation insurance for employers, providing coverage for employee work-related injuries and liabilities.
• Equipment Insurance Sharia-compliant equipment insurance for businesses, covering machinery and equipment against operational risks.

Quantifiable outcome

• 50,000+ customers served

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Gulf Insurance Group (GIG): One of the largest insurance groups in the MENA region, listed on Boursa Kuwait, with multi-line P&C and life operations across the GCC. Represents the dominant incumbent whose scale and capital depth Aman Takaful operates against.
• Kuwait Insurance Company: One of Kuwait's oldest and largest conventional insurance carriers, offering a broad portfolio of P&C and life products. Represents the established incumbent whose scale and brand equity Aman Takaful competes against in the same Kuwaiti market.
• National Insurance Company (Kuwait): Established Kuwaiti general insurance carrier serving both retail and corporate clients across multiple lines. Comparable multi-line product breadth and Kuwaiti market focus, but at materially larger scale.

Direct peers

• Walaa Cooperative Insurance: Saudi-listed cooperative (Takaful-aligned) insurer offering motor, health, and general insurance. Comparable cooperative model and multi-line B2C/B2B positioning, with relevant GCC operating context.
• Salama (Islamic Arab Insurance Company): UAE-listed Takaful operator offering family, motor, medical, and general insurance under Sharia principles. Closely analogous business model and product breadth to Aman Takaful, but at a larger geographic scale.
• Solidarity Bahrain: Bahrain-listed Takaful insurance company offering family, general, and medical products through a cooperative model. Directly comparable Sharia-compliant, multi-line proposition.
• First Takaful Insurance Company (Kuwait): Kuwaiti Takaful provider offering personal and commercial lines under the cooperative insurance model. Competes head-to-head with Aman Takaful for the same Sharia-conscious customer base in Kuwait.
• Kuwait Takaful Insurance Company: Direct Takaful (Islamic cooperative insurance) competitor headquartered in Kuwait, offering a similar multi-line portfolio to individuals and businesses. Most directly comparable to Aman Takaful given overlapping market, product mix, and Sharia-compliant model.
• Al Etihad Cooperative Insurance: Saudi-listed cooperative insurer providing health, motor, and general insurance. Comparable Sharia-compliant cooperative structure and broad product portfolio to Aman Takaful, at larger scale.
• Takaful International: Bahrain-based Takaful operator offering family, motor, and commercial lines under Sharia principles. Direct regional peer in cooperative insurance with overlapping product set.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/AmanTakaful
• LinkedInlinkedin.com/company/aman-takaful

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aman Takaful Insurance Company