Bahrain Insurance Q3 2018
Insurance is well-established in Bahrain. By the standards of the region, the business undertaken by the non-life segmentis diverse and well balanced between motor, property, health and other insurance lines. The competitive landscape is fragmentedand we expect some consolidation in the non-life segment over the course of the forecast period. In the life segment, three multi-national groups are the dominant providers of protection and savings solutions to the expatriate workers on whom the economydepends. Overall, the insurance market is growing by an average of 6% per annum over the forecast period, as it continues to have asolid performance. Total insurance industry premiums will rise form USD824mn in 2018 to over USD1.056bn by end of 2022, drivenby economic diversification, rising oil prices and improving consumer and investor sentiment.
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