The Insurance Industry in Bahrain, Key Trends and Opportunities to 2017

Date: 2015-09

“Despite its small size, the Bahraini insurance industry is well developed and highly regulated. The industry grew at a review-period (2008โ€“2012) compound annual growth rate (CAGR) of 3.8%, driven by an increase in the infrastructural projects, the implementation of compulsory motor third-party liability insurance, the rising number of health conditions and a steadily growing population. The industry is expected to face challenges over the forecast period (2012โ€“2017). The high combined ratios of non-life insurance companies, which are expected to continue to exceed 100%, and political unrest in the country will put pressure on the industryโ€™s overall profitability. However, despite such challenges, Bahrainโ€™s insurance industry is anticipated to rise at a forecast-period CAGR of 7.8%, driven instead by the huge growth potential realized by foreign investors, regulatory reforms and government efforts to support growth.


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