Kuwait International Takaful Insurance

What Kuwait International Takaful Insurance does

Kuwait International Takaful Insurance Company (KITI) is a privately held Sharia-compliant (Takaful) insurance provider established in April 2016 and regulated by Kuwait's Ministry of Commerce under License Number 17. The company operates a six-category insurance portfolio covering motor, marine and aviation, FGA general, engineering, general, and travel insurance, serving both individual consumers and corporate clients in Kuwait. Operations are supervised by a dedicated Sharia Supervisory Board, and all products conform to Islamic insurance principles.

Name

Kuwait International Takaful Insurance

Legal name

Kuwait International Takaful Insurance Company

Website

https://kiti.com.kw

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Kuwait International Takaful Insurance (KITI) is a privately held, Sharia-compliant insurance provider licensed in Kuwait offering motor, marine and aviation, engineering, general, FGA general, and travel Takaful products to individuals and businesses.

Ownership category

akta.pro rank

Product category

Takaful Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Marine & Aviation Insurance (FSAJAMAI)

akta.pro secondary industries

Marine Specialty (Hull/P&I/Cargo) (FSAJAGAJ), Aviation Liability Insurance (Passenger & Third-Party) (FSAJAHAD), Pollution / Environmental Liability (FSAJADAI), Flight/Carrier Accident Insurance (FSAJAJAI)

Keywords

• Takaful insurance
• Sharia-compliant insurance
• Motor insurance
• Marine aviation insurance
• Travel insurance

Headquarters

HQ city

Kuwait City

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, Infrastructure

Revenue model

1. Takaful Insurance Premiums: The company generates revenue through collecting insurance premiums from policyholders under Sharia-compliant Takaful principles. Premiums are collected for various insurance categories including motor, marine, aviation, general, engineering, and travel insurance. The Takaful model involves participants contributing to a common fund used to cover losses, with operations supervised by a Sharia Supervisory Board.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Kuwait International Takaful Insurance is a Sharia-compliant insurance provider offering six product lines: Motor Insurance, Marine & Aviation Insurance, FGA General Insurance (property, business interruption, hospitality, political violence), Engineering Insurance, General Insurance (personal accident, liability, professional indemnity), and Travel Insurance. The company operates under Takaful principles where policyholders contribute to a common fund supervised by a Sharia Supervisory Board, with risk transferred to A-rated global reinsurance partners.

Product overview

Kuwait International Takaful Insurance (KITI) offers a comprehensive portfolio of Sharia-compliant (Takaful) insurance products across six main categories: Motor Insurance, Marine & Aviation Insurance, FGA General Insurance, Engineering Insurance, General Insurance, and Travel Insurance. The company operates as a single unified insurance service provider under Islamic law, with all products supervised by a Sharia Supervisory Board. The product portfolio covers both personal (motor, travel) and commercial (marine, engineering, property, liability) insurance needs for individuals and businesses in Kuwait.

Differentiator

Problem solved

Functional benefit

Products and services

• Motor Insurance Sharia-compliant motor vehicle insurance covering comprehensive coverage, third-party liability, and driving license coverage for vehicles not covered by compulsory insurance. Available to individual vehicle owners in Kuwait.
• Marine & Aviation Insurance Sharia-compliant marine and aviation insurance including cargo, hull, livestock, hauler's liability, stevedore's liability, and aviation coverage. Targeted at businesses engaged in import/export, shipping, and aviation operations.
• FGA General Insurance Sharia-compliant general insurance covering property, business interruption, hotels' comprehensive coverage, riots and terrorism, political violence, and fire insurance. Targeted at commercial property owners, hospitality businesses, and firms exposed to political violence risks.
• Engineering Insurance Sharia-compliant engineering insurance covering erection all risks, contractor's plant and machinery, machinery breakdown, and electronic equipment. Targeted at construction firms, contractors, and businesses operating heavy machinery or sensitive electronic equipment.
• General Insurance Sharia-compliant general insurance including personal accident, money, fidelity guarantee, workmen compensation, third party liability, banker's blanket bond, director's and officer's liability, professional indemnity, and employer's liability. Targeted at both individuals and businesses needing liability and accident coverage.
• Travel Insurance Sharia-compliant travel insurance providing protection for illness or accidents during business trips or vacations abroad, including travel assistance, legal assistance, luggage loss, emergency medical evacuation, and parental visits. Targeted at individuals and corporate travelers departing Kuwait.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Global Reinsurance Companies (Rated A)coreOthersThe company maintains reinsurance agreements with a network of the strongest global reinsurance companies, all holding 'A' credit ratings. These partnerships provide capacity for underwriting larger risks and managing risk exposure across all insurance lines offered.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Salama (Islamic Arab Insurance Company): UAE-listed Takaful operator offering family, motor, medical, and general Takaful products. Comparable Sharia-compliant multi-line insurer competing for cross-border GCC Takaful demand, particularly in family and general lines.
• Kuwait Insurance Company: One of Kuwait's oldest national insurance carriers, offering general, motor, marine, aviation, and engineering lines. Closest domestic competitor, serving the same Kuwaiti corporate and personal segments with overlapping product mix.
• Solidarity Bahrain: Bahrain-based Takaful and conventional insurer offering motor, marine, engineering, and general lines. Regional Takaful peer with comparable product breadth and Sharia supervisory governance targeting GCC corporate clients.
• Gulf Insurance Group (GIG): Kuwait's largest insurance group offering motor, marine, general, and life insurance with a Takaful subsidiary. Directly comparable as a multi-line Kuwaiti insurer competing for the same personal and commercial accounts, but with much larger scale and broader distribution.
• Takaful International Company: Bahrain-based Sharia-compliant Takaful insurer offering motor, general, marine, and group insurance across the GCC. Highly comparable as a regional Takaful multi-line carrier with overlapping Sharia governance structure and product portfolio.

Regional players

• Walaa Cooperative Insurance: Saudi-listed cooperative insurer offering motor, property, engineering, marine, and liability coverage. Comparable multi-line carrier serving a regional GCC market, but operating primarily in Saudi Arabia rather than Kuwait.
• Al Etihad Cooperative Insurance: Saudi-listed cooperative insurer providing motor, medical, property, and engineering coverage. Comparable multi-line regional competitor in GCC insurance market, though geographically concentrated in Saudi Arabia.
• Qatar Islamic Insurance Company: Qatari Sharia-compliant insurer offering family, motor, medical, and general Takaful products. Regional Takaful peer with similar Sharia governance and product set, but operating in Qatar rather than Kuwait.
• Bahrain National Holding (BNH): Bahrain-based insurance group with Takaful operations offering motor, marine, fire, and general lines. Comparable GCC multi-line insurer with a Takaful arm, serving a different but adjacent GCC market.

Others

• Saudi Reinsurance Company: Saudi-based reinsurer providing capacity to GCC primary insurers including Takaful operators. Indirectly comparable as a regional reinsurance counterparty that KITI's A-rated global reinsurers resemble, relevant for benchmarking cession economics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xtwitter.com/kiticompany
• Facebookfacebook.com/KitiCompany
• Instagraminstagram.com/kiticompany
• LinkedInlinkedin.com/company/kiti-kuwait-international-takaful-insurance-company-insurance

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 Kuwait International Takaful Insurance