Overview of Governance in Insurance Companies

Governance in insurance companies serves as a fundamental pillar and an organizational and administrative framework designed to ensure the efficient, transparent, and ethical management of the company, in a manner that protects the interests of all stakeholders. Governance encompasses a set of principles, policies, and procedures that regulate the relationship between the Board of Directors, executive management, shareholders, and other stakeholders. It is a cornerstone for ensuring the stability and long-term success of insurance companies, thereby contributing to the growth and development of the insurance sector in the State of Kuwait.

• As part of t’azur Takaful Insurance Company’s commitment to upholding the highest standards of governance and transparency, the company adheres to the resolutions and directives issued by the Insurance Regulatory Unit in Kuwait. These directives aim to promote sound management practices and build a comprehensive institutional framework that ensures transparency, accountability, and increased confidence in the insurance sector.
• At t’azur Takaful, we firmly believe that implementing these governance principles strengthens the trust of our clients and partners, supports the achievement of our strategic objectives, and reflects our commitment to professional and ethical standards within the insurance industry.

Accordingly, our company places great importance on sound governance practices, recognizing them as a core foundation for achieving sustainability, enhancing stakeholder confidence, and ensuring compliance with applicable laws and regulations. Effective governance contributes to a higher level of transparency, reinforces accountability, and improves the efficiency of administrative and financial performance within the company—all in accordance with the principles of Islamic Sharia.