Governance, Risk and Compliance – The Bahraini Insurance Industry

Date: 2015-11

“• The Bahraini insurance industry is regulated by the Central Bank of Bahrain.

• The government of Bahrain allows 100% foreign direct investments in the insurance industry.

• Composite insurance is not permitted in Bahrain since April 1, 2005. However, composite insurers established prior to April 1, 2005 are permitted to operate.

• Motor third-party liability and workers’ compensation insurance are mandatory in Bahrain.

• Non-admitted insurance is prohibited in Bahrain. However, reinsurance companies can operate in the country on a cross-border basis only.”

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