| Moody's has assigned a Ba1 insurance financial strength rating (IFSR) to Gulf Takaful Insurance Company KSC (Gulf Takaful), based in Kuwait. The rating outlook is stable. Gulf Takaful is one of the largest Takaful insurers in Kuwait and was established in 2004. It writes a broad mix of non-life, Takaful life, health and medical insurance.
Moody's Ba1 rating reflects Gulf Takaful's good position in the domestic Takaful market, with a market share of around 15% and 3rd position in terms of premium, as well as its good distribution mix and product diversification..............................................Full Article: Source
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