Kuwait's Insurance Regulatory Unit is requiring the companies it supervises to apply International Financial Reporting Standard 18 (IFRS 18) on presentation and disclosure in financial statements. The rule covers annual and interim financial periods starting on 1 January 2027, and comparative figures for 2026 must be restated. It was set out in Circular No. 23 of 2026, issued on 1 November. The unit says it has the right to hold non-compliant companies accountable under Law No. 125 of 2019 on insurance regulation, according to Al-Rai.
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