Kuwait Insurance Brokers Network

The official platform for licensed insurance brokers in Kuwait

One Network, One Voice

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Welcome to KIBN

We are pleased to welcome you to the Kuwait Insurance Brokers Network (KIBN), the official platform for licensed insurance brokers in Kuwait. Established after a collaboration meeting with the Insurance Regulatory Unit (IRU), KIBN brings together professionals from across the sector to exchange knowledge, build trust, and strengthen the role of brokers in shaping Kuwait insurance market.

As a non-juridical, non-profit initiative, KIBN is dedicated to fostering collaboration, promoting transparency, and ensuring that the brokerage community speaks with one unified voice. Through this platform, members align with regulatory priorities, share expertise, and advance market integrity and client trust.

Whether you are a member firm, institutional partner, or industry stakeholder, KIBN welcomes you to engage with our work and contribute to the development of a more transparent, collaborative, and resilient insurance brokerage sector in Kuwait.

About KIBN

About the Kuwait Insurance Brokers Network

Kuwait Insurance Brokers Network (KIBN) was formally established in 2025, KIBN was created following a collaboration meeting with the Insurance Regulatory Unit (IRU) to provide a structured forum for licensed brokerage firms. Its mission is to reinforce professionalism, strengthen representation, and support the long-term sustainability of Kuwait’s insurance brokerage industry.

KIBN consolidates broker feedback, prepares collective proposals on regulatory and market issues, and works to ensure fair representation within the Kuwait Insurance Federation. By facilitating knowledge-sharing, professional coordination, and adherence to best practices, KIBN contributes directly to the stability and modernization of Kuwait’s insurance market.

KIBN Structure

The Kuwait Insurance Brokers Network (KIBN), in its establishment phase, follows a straightforward structure that promotes accountability, transparency, and democratic participation. A Spokesperson and Deputy Spokesperson are elected annually to serve as official liaisons with the Insurance Regulatory Unit (IRU) and other stakeholders, supported as needed by a Secretariat to manage records and communications.

To address specialized matters, KIBN may form subcommittees focused on key areas such as motor, medical, marine, or compliance. Decisions are taken by majority vote, and governance is guided by bylaws, codes of conduct, and participation rules that ensure confidentiality, professionalism, and ethical behavior.

For more information, refer to the KIBN Memorandum of Understanding (MoU) and Charter.

لمزيد من المعلومات، يُرجى الرجوع إلى مذكرة التفاهم لشبكة وسطاء التأمين الكويتية (KIBN) و النظام الأساسي.

KIBN Governance

KIBN operates under a governance model that emphasizes transparency, accountability, and organized representation. The Spokesperson and Deputy Spokesperson are elected annually to act as the official liaisons with the IRU and other stakeholders. A Secretariat may be appointed to maintain records, while optional subcommittees (e.g., Motor, Medical, Compliance) address technical matters. Elections are conducted democratically, and decisions are taken by majority vote to ensure fair representation of all members. Governance is further reinforced by bylaws, codes of conduct, and participation rules that uphold confidentiality, professionalism, and integrity.

For more information, refer to KIBN Bylaws and Code of Conduct

لمزيد من المعلومات، يُرجى الرجوع إلى اللوائح الداخلية للشبكة و مدونة السلوك

KIBN Membership

Membership in KIBN is open exclusively to licensed insurance brokerage firms. Each firm may nominate one official representative and one alternate. Membership is voluntary and without fees, reflecting the Network collaborative, non-commercial nature.

Through collective participation, members strengthen the sector unified voice, share knowledge, and support sustainable industry growth.

Join our Network and become KIBN Member.

KIBN Election Results 2025 - 2026

Mr. Tareq Khalil Alshami

Mr. Tareq Khalil Alshami

Spokesperson

Mr. Tareq Khalil Alshami has been elected as the Spokesperson of the Kuwait Insurance Brokers Network (KIBN). He holds a degree in Communication, a professional qualification from the Chartered Insurance Institute (CII), and brings over 26 years of experience in the insurance sector. Having served as a provider, consultant, broker, and member of several insurance associations, he has developed a comprehensive understanding of both market challenges and emerging opportunities. This breadth of experience equips him to represent the brokerage community with authority and insight, and as Spokesperson, he is committed to uniting brokers under one voice and advancing the development of Kuwait insurance sector.

Mr. Faisel Haitham Al Ghais

Mr. Faisel Haitham Al Ghais

Deputy Speaker

Mr. Faisal Al-Ghais, MSc, CII (Cert), has been elected as the Deputy Speaker of Kuwait Insurance Brokers Network (KIBN). With a Master of Science degree, a CII certification, and extensive experience in the insurance and financial services sector, he is recognized for his expertise and commitment to raising professional standards. Throughout his career, he has contributed to advancing risk management practices, strengthening client trust, and promoting ethical conduct across the industry. In his new role, he is dedicated to fostering collaboration among brokers, supporting professional development, and reinforcing the sector's role within Kuwait's evolving insurance landscape.

Why Join KIBN?

Becoming part of the Kuwait Insurance Brokers Network (KIBN) means joining a trusted platform that unites licensed brokers under one voice. Members benefit from professional collaboration, stronger representation with regulators, and access to valuable market insights that support growth, compliance, and informed decision-making.

Professional Collaboration

Engage with licensed insurance brokers across Kuwait, exchange expertise, and contribute to the growth of the industry by sharing knowledge and best practices.

Unified Representation

Join a collective voice that advocates for the interests of licensed insurance brokers in Kuwait, ensuring stronger engagement with regulators and stakeholders.

Market Intelligence

Gain access to exclusive market reports, regulatory updates, and industry insights designed to help brokers make informed and strategic business decisions.

News & Announcements

Decision (37) of 2026

Decision concerning the amendment of certain provisions of the Executive Regulations of Law No. (125) of 2019 regarding the Regulation of Insurance.

Summary: IRU Decision No. 37 of 2026 amends key rules for insurance and reinsurance brokers, mainly separating activities, revising capital requirements, reducing bank guarantees to 25% of paid-up capital, adding KD 5,000 guarantee per branch, and easing branch-opening requirements with a 90-day compliance period.

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Decision (21) of 2025

Amendment to Licensing Requirements for Insurance and Related Professions

Summary: Decision No. 17 of 2025, issued by the Insurance Regulatory Unit (IRU), amends Decisions No. 21/2025 and 14/2022 regarding applications for licenses to practice insurance and related professions. It cancels the requirement for applicants to submit a Ministry of Justice–certified record of lawsuits filed by or against individuals, while keeping all other provisions in force. The decision takes effect from its issuance date and is to be published in the Official Gazette

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Decision (20) of 2025

Amendments to the Executive Regulations of Kuwait Insurance Law No. 125/2019

Summary: The Insurance Regulatory Unit (IRU) issued Decision No. 20/2025 amending Law No. 125/2019, introducing new licensing fees, stricter qualification standards, and governance requirements for insurers, brokers, and professionals. Entities must regularize their status within 90 days, with the reforms aimed at enhancing transparency, solvency, and aligning Kuwait’s insurance sector with global best practices.

Read More

Contact Information

Website

www.kuwaitbrokers.net

Email

support@kuwaitbrokers.net

Address

P. O. Box: 1977 Safat - 13020 Kuwait

KIBN - Brokerage Registration Form

One Network, One Voice

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Thank You For Combining Your Voice with KIBN

Your brokerage registration has been successfully submitted to the Kuwait Insurance Brokers Network.

We will review your application and contact you within 3-5 business days regarding the next steps.

Welcome to the KIBN community