Business insurance · Kuwait · Head-to-head
Al Ahleia Insurance Company vs First Takaful Insurance Company
Two Kuwait business insurance options, compared side by side for Kuwait trades.
Which should you choose?
Al Ahleia Insurance Company and First Takaful Insurance Company are both Tier A, which every business insurance entry without a reputation warning receives, so the tier does not separate them. Weigh the pros, cons, pricing and Kuwait-specific notes below against your trade and region.
Al Ahleia Insurance Company
Tier A · ListedKuwaiti insurer since 1962 with a full engineering line
Al Ahleia Insurance Company was established by Amiri Decree on 12 June 1962 and is listed on Boursa Kuwait. Its fire and general accident page lists contractors' all risks, erection all risks, contractors' plant and machinery, machinery breakdown and its loss of profit, electronic equipment and cold-store stock deterioration, plus public liability and workmen's compensation.
Pros
- + Contractors' all risks, erection all risks and plant and machinery cover listed by name
- + Workmen's compensation, employer's liability and public liability from the same insurer
- + Operating since 1962
Cons
- − No public prices; engineering cover is quoted through the staff contacts on the product page
- − Conventional insurer; no takaful products shown on its product menu
- − Engineering products described on the website only in outline
Kuwait note
For a Kuwaiti contractor, Al Ahleia's product page covers the whole project stack in one place: contractors' all risks or erection all risks for the works, plant and machinery cover for equipment, and workmen's compensation and public liability for staff and third parties.
First Takaful Insurance Company
Tier A · ListedKuwaiti takaful insurer listing construction covers from CAR to decennial liability
First Takaful Insurance Company is a Sharia-compliant (takaful) insurer in Kuwait, listed on Boursa Kuwait, which says it introduced takaful insurance to the Kuwaiti market in 2000 as the first takaful operator. Its corporate page lists contractors' all risks, erection all risks, contractors' plant and equipment, machinery breakdown, boiler and pressure vessel, workmen's compensation, public liability and ten-year decennial liability.
Pros
- + Takaful (Sharia-compliant) cover with a Shari'a supervisory board
- + Construction covers listed by name, including decennial liability
- + Loss-of-profit cover after machinery breakdown
- + Workmen's compensation and public liability from the same insurer
Cons
- − No public prices; quotes by request
Kuwait note
First Takaful suits Kuwaiti contractors who want Sharia-compliant cover for the full project cycle, from contractors' all risks during works to decennial liability after handover. If a contract or lender sets a minimum insurer rating, ask First Takaful for its current rating letter before placing cover.
More Kuwait options
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