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General Insurance in Bahrain, Key Trends and Opportunities to 2021

General Insurance in Bahrain, Key Trends and Opportunities to 2021

Summary

GlobalData’s 'General Insurance in Bahrain, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Bahraini general insurance segment, and a comparison of the Bahraini insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Bahraini economy and demographics, explains the various types of natural hazard and their impact on the Bahraini insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together GlobalData’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

This report provides in-depth market analysis, information and insights into the Bahraini General insurance segment, including -

  • The Bahraini general segment’s detailed outlook by product category
  • A comprehensive overview of the Bahraini economy and demographics
  • A comparison of the Bahraini general insurance segment with its regional counterparts
  • The various distribution channels in the Bahraini general insurance segment
  • Detailed analysis of natural hazards and their impact on the Bahraini insurance industry
  • Details of the competitive landscape in the general insurance segment in Bahrain
  • Details of regulatory policy applicable to the Bahraini insurance industry
Key Highlights
  • In June 2017, Bahrain Kuwait Insurance Company (BKIC) acquired a 36.3% stake in Takaful International Company BSC for BHD0.22 million (US$0.58 million) per share.
  • In June 2016, Al Hilal signed a third party administrator agreement with GlobalMed Bahrain to expand into medical insurance.
  • Motor insurance was the largest sub-segment, accounting for 39.9% of the general insurance’s gross written premium in 2016.
  • In August 2016, Bahrain Kuwait Insurance Company opened its new branch in Saar Mall in the Northern Governorate.
Scope
  • This report provides a comprehensive analysis of the General insurance segment in Bahrain.
  • It provides historical values for the Bahraini general insurance segment for the report’s 2012-2016 review period, and projected figures for the 2016-2021 forecast period.
  • It offers a detailed analysis of the key categories in the Bahraini general insurance segment, and market forecasts to 2021.
  • It provides a comparison of the Bahraini general insurance segment with its regional counterparts
  • It analyzes the various distribution channels for general insurance products in Bahrain.
  • It analyzes various natural hazards and their impact on the Bahraini insurance industry
  • It profiles the top general insurance companies in Bahrain, and outlines the key regulations affecting them.
Reasons to buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Bahraini general insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Bahraini general insurance segment.
  • Assess the competitive dynamics in the general insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Bahraini insurance industry, and their impact on companies and the industry's future.


  • Key Facts and Highlights
    • Table Bahraini General Insurance - Key Facts, 2016
    • Table Bahraini General Insurance - Segment Shares of the Top Insurers, 2016
  • Executive Summary
  • Economy and Demographics
    • Table Figure 1: Bahraini Real GDP (BHD Billion), 2012-2021
    • Table Bahraini Government Credit Ratings
    • Table Figure 2: Bahraini Inflation, Consumer Prices (%), 2012-2021
    • Table Figure 3: Bahraini Current Account Balance as Percentage of GDP (%), 2012-2021
    • Table Figure 4: Bahraini Unemployment Rate, 2012-2021
    • Table Figure 5: Bahraini Population by Age Group, 1990-2025
  • Segment Outlook
    • Regional Comparison
      • Table Figure 6: Bahraini General Insurance Penetration - Regional Comparison (%), 2016
    • Segment Indicators
      • Gross written premium and penetration
        • Table Bahraini General Insurance - Gross Written Premium (BHD Million and US$ Million), 2012-2016\
        • Table Bahraini General Insurance - Gross Written Premium by Consumer Segment (BHD Million), 2012-2016
        • Table Bahraini General Insurance - Penetration (%), 2012-2016
        • Table Bahraini General Insurance - Gross Written Premium (BHD Million and US$ Million), 2016-2021
        • Table Bahraini General Insurance - Gross Written Premium by Consumer Segment (BHD Million), 2016-2021
        • Table Bahraini General Insurance - Penetration (%), 2016-2021
        • Table Figure 7: Bahraini General Insurance - Gross Written Premium (BHD Million), 2012-2021
        • Table Figure 8: Bahraini General Insurance - Penetration (%), 2012-2021
        • Table Figure 9: Bahraini General Insurance - Gross Written Premium by Consumer Segment (BHD Million), 2012-2021
        • Table Bahraini General Insurance - Premium per Capita (BHD and US$), 2012-2016
        • Table Bahraini General Insurance - Premium per Capita (BHD and US$), 2016-2021
        • Table Figure 10: Bahraini General Insurance - Premium per Capita (BHD), 2012-2021
      • Active policies
        • Table Bahraini General Insurance - Number of Active Policies (Million), 2012-2016
        • Table Bahraini General Insurance - Number of Active Policies (Million), 2016-2021
        • Table Figure 11: Bahraini General Insurance - Number of Active Policies (Million), 2012-2021
      • Claims
        • Table Bahraini General Insurance - Paid Claims (BHD Million and US$ Million), 2012-2016
        • Table Bahraini General Insurance - Paid Claims (BHD Million and US$ Million), 2016-2021
        • Table Figure 12: Bahraini General Insurance - Paid Claims (BHD Million), 2012-2021
      • Assets and investments
        • Table Bahraini General Insurance - Total Assets (BHD Million and US$ Million), 2012- 2016
        • Table Bahraini General Insurance - Total Assets (BHD Million and US$ Million), 2016- 2021
        • Table Figure 13: Bahraini General Insurance - Total Assets (BHD Million), 2012-2021
        • Table Bahraini General Insurance - Investment Portfolio (BHD Million), 2012-2016
        • Table Bahraini General Insurance - Investment Portfolio (BHD Million), 2016-2021
        • Table Figure 14: Bahraini General Insurance - Investment Portfolio (BHD Million), 2012-2021
        • Table Figure 15: Bahraini General Insurance - Investment Portfolio Dynamics by Types of Investment, 2012-2021
  • Outlook by Sub-Segment
    • Property Insurance
      • Overview
        • Table Figure 16: Bahraini Property Insurance - Construction Value Output by Category (BHD Million), 2012-2021
      • Premium
        • Table Bahraini Property Insurance - Gross Written Premium (BHD Million and US$ Million), 2012-2016
        • Table Bahraini Property Insurance - Gross Written Premium (BHD Million and US$ Million), 2016-2021
        • Table Figure 17: Bahraini Property Insurance - Gross Written Premium (BHD Million), 2012-2021
      • Active policies
        • Table Bahraini Property Insurance - Number of Active Policies by Category (Thousand), 2012-2016
        • Table Bahraini Property Insurance - Number of Active Policies by Category (Thousand), 2016-2021
        • Table Figure 18: Bahraini Property Insurance - Number of Active Policies by Category (Thousand), 2012-2021
      • Claims
        • Table Bahraini Property Insurance - Paid Claims (BHD Million and US$ Million), 2012- 2016
        • Table Bahraini Property Insurance - Paid Claims (BHD Million and US$ Million), 2016- 2021
        • Table Figure 19: Bahraini Property Insurance - Paid Claims (BHD Million), 2012-2021
    • Motor Insurance
      • Overview
      • Premium
        • Table Bahraini Motor Insurance - Gross Written Premium (BHD Million and US$ Million), 2012-2016
        • Table Bahraini Motor Insurance - Gross Written Premium (BHD Million and US$ Million), 2016-2021
        • Table Figure 20: Bahraini Motor Insurance - Gross Written Premium (BHD Million), 2012-2021
      • Active policies
        • Table Bahraini Motor Insurance - Number of Active Policies (Million), 2012-2016
        • Table Bahraini Motor Insurance - Number of Active Policies (Million), 2016-2021
        • Table Figure 21: Bahraini Motor Insurance - Number of Active Policies (Million), 2012-2021
      • Claims
        • Table Bahraini Motor Insurance - Paid Claims (BHD Million and US$ Million), 2012-2016
        • Table Bahraini Motor Insurance - Paid Claims (BHD Million and US$ Million), 2016-2021
        • Table Figure 22: Bahraini Motor Insurance - Paid Claims (BHD Million), 2012-2021
    • Liability Insurance
      • Overview
      • Premium
        • Table Bahraini Liability Insurance - Gross Written Premium (BHD Million and US$ Million), 2012-2016
        • Table Bahraini Liability Insurance - Gross Written Premium (BHD Million and US$ Million), 2016-2021
        • Table Figure 23: Bahraini Liability Insurance - Gross Written Premium (BHD Million), 2012-2021
      • Active policies
        • Table Bahraini Liability Insurance - Number of Active Policies (Thousand), 2012-2016
        • Table Bahraini Liability Insurance - Number of Active Policies (Thousand), 2016-2021
        • Table Figure 24: Bahraini Liability Insurance - Number of Active Policies (Thousand), 2012-2021
      • Claims
        • Table Bahraini Liability Insurance - Paid Claims (BHD Thousand and US$ Thousand), 2012-2016
        • Table Bahraini Liability Insurance - Paid Claims (BHD Thousand and US$ Thousand), 2016-2021
        • Table Figure 25: Bahraini Liability Insurance - Paid Claims (BHD Thousand), 2012-2021
    • Financial Lines Insurance
      • Premium
        • Table Bahraini Financial Lines Insurance - Gross Written Premium (BHD Million and US$ Million), 2012-2016
        • Table Bahraini Financial Lines Insurance - Gross Written Premium (BHD Million and US$ Million), 2016-2021
        • Table Figure 26: Bahraini Financial Lines Insurance - Gross Written Premium (BHD Million), 2012- 2021
      • Active policies
        • Table Bahraini Financial Lines Insurance - Number of Active Policies (Thousand), 2012- 2016
        • Table Bahraini Financial Lines Insurance - Number of Active Policies (Thousand), 2016- 2021
        • Table Figure 27: Bahraini Financial Lines Insurance - Number of Active Policies (Thousand), 2012- 2021
      • Claims
        • Table Bahraini Financial Lines Insurance - Paid Claims (BHD Thousand and US$ Thousand), 2012-2016
        • Table Bahraini Financial Lines Insurance - Paid Claims (BHD Thousand and US$ Thousand), 2016-2021
        • Table Figure 28: Bahraini Financial Lines Insurance - Paid Claims (BHD Thousand), 2012-2021
    • Marine, Aviation and Transit Insurance
      • Overview
        • Table Bahraini Transport Network - Global Rankings
      • Premium
        • Table Bahraini Marine, Aviation and Transit Insurance - Gross Written Premium (BHD Million and US$ Million), 2012-2016
        • Table Bahraini Marine, Aviation and Transit Insurance - Gross Written Premium (BHD Million and US$ Million), 2016-2021
        • Table Figure 29: Bahraini Marine, Aviation and Transit Insurance - Gross Written Premium (BHD Million), 2012-2021
      • Active policies
        • Table Bahraini Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2012-2016
        • Table Bahraini Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2016-2021
        • Table Figure 30: Bahraini Marine, Aviation and Transit Insurance - Number of Active Policies (Thousand), 2012-2021
      • Claims
        • Table Bahraini Marine, Aviation and Transit Insurance - Paid Claims (BHD Thousand and US$ Thousand), 2012-2016
        • Table Bahraini Marine, Aviation and Transit Insurance - Paid Claims (BHD Thousand and US$ Thousand), 2016-2021
        • Table Figure 31: Bahraini Marine, Aviation and Transit Insurance - Paid Claims (BHD Thousand), 2012-2021
    • Personal Accident and Health Insurance
      • Overview
      • Premium
        • Table Bahraini Personal Accident and Health Insurance - Gross Written Premium (BHD Million), 2012-2016
        • Table Bahraini Personal Accident and Health Insurance - Gross Written Premium (BHD Million), 2016-2021
        • Table Figure 32: Bahraini Personal Accident and Health Insurance - Gross Written Premium (BHD Million), 2012-2021
      • Active policies
        • Table Bahraini Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2012-2016
        • Table Bahraini Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2016-2021
        • Table Figure 33: Bahraini Personal Accident and Health Insurance - Number of Active Policies (Thousand), 2012-2021
      • Claims
        • Table Bahraini Personal Accident and Health Insurance - Paid Claims (BHD Million and US$ Million), 2012-2016
        • Table Bahraini Personal Accident and Health Insurance - Paid Claims (BHD Million and US$ Million), 2016-2021
        • Table Figure 34: Bahraini Personal Accident and Health Insurance - Paid Claims (BHD Million), 2012-2021
  • Distribution Channel Outlook
  • Natural and Man-Made Hazards
    • Flooding
    • Earthquakes
    • Sandstorms
    • Man-Made Disasters
    • Exposure
  • Competitive Landscape
    • Table Bahraini General Insurance - Segment Shares of the Leading Insurers (%), 2016
    • Table Figure 35: Bahraini General Insurance - Segment Shares of the Leading Insurers (%), 2016
    • Company Profiles
      • Bahrain Kuwait Insurance Company - company overview
        • Table Bahrain Kuwait Insurance Company - Key Facts
        • Table Bahrain Kuwait Insurance Company - Key Financials (BHD Million), 2012-2016
      • Bahrain National Insurance Company - company overview
        • Table Bahrain National Insurance Company - Key Facts
        • Table Bahrain National Insurance Company - Key Financials (BHD Million), 2012-2016
      • Axa Insurance (Gulf) Company - company overview
        • Table Axa Insurance (Gulf) Company - Key Facts
        • Table Axa Insurance (Gulf) Company - Key Financials (BHD Million), 2012-2016
      • Saudi National Insurance Company - company overview
        • Table Saudi National Insurance Company - Key Facts
        • Table Saudi National Insurance Company - Key Financials (BHD Million), 2012-2016
      • Gulf Union Ins. &Re. Co. - company overview
        • Table Gulf Union Ins & Re. Company - Key Facts
        • Table Gulf Union Ins & Re. Company - Key Financials (BHD Million), 2012-2016
  • Governance, Risk and Compliance
    • Table Bahrain - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Bahrain - Life Insurance Regulatory Framework
      • Property insurance
        • Table Bahrain - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Bahrain - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Bahrain - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third party liability insurance
      • Professional indemnity insurance for insurance brokers and insurance consultants
      • Social insurance law
      • Liability for ships with respect to oil pollution
      • Health insurance scheme for national employees and expatriates
    • Supervision and Control
      • Table Figure 36: Bahrain - Insurance Supervision and Control at Various Levels
      • International Association of Insurance Supervisors
      • Central Bank of Bahrain
      • Bahrain Insurance Association
    • Non-Admitted Insurance Regulation
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Table Figure 37: Bahrain - Insurance Regulatory Frameworks for Company Registration and Operation
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Databook
    • Policies and Premium
      • Table Bahraini General Insurance - Policies and Premium, 2012-2016
      • Table Bahraini General Insurance - Policies and Premium, 2016-2021
    • Claims and Expenses
      • Table Bahraini General Insurance - Claims and Expenses, 2012-2016
      • Table Bahraini General Insurance - Claims and Expenses, 2016-2021
    • Assets and Investments
      • Table Bahraini General Insurance - Assets and Investments, 2012-2016
      • Table Bahraini General Insurance - Assets and Investments, 2016-2021
    • Retail General Insurance by Product
      • Table Bahraini Retail General Insurance by Product, 2012-2016
      • Table Bahraini Retail General Insurance by Product, 2016-2021
    • Commercial General Insurance by Product
      • Table Bahraini Commercial General Insurance by Product, 2012-2016
      • Table Bahraini Commercial General Insurance by Product, 2016-2021
    • Property Insurance
      • Table Bahraini General Insurance - Property Insurance, 2012-2016
      • Table Bahraini General Insurance - Property Insurance, 2016-2021
    • Property Insurance by Product
      • Table Bahraini General Insurance - Property Insurance by Product, 2012-2016
      • Table Bahraini General Insurance - Property Insurance by Product, 2016-2021
    • Motor Insurance
      • Table Bahraini General Insurance - Motor Insurance, 2012-2016
      • Table Bahraini General Insurance - Motor Insurance, 2016-2021
    • Liability Insurance
      • Table Bahraini General Insurance - Liability Insurance, 2012-2016
      • Table Bahraini General Insurance - Liability Insurance, 2016-2021
    • Financial Lines Insurance
      • Table Bahraini General Insurance - Financial Lines Insurance, 2012-2016
      • Table Bahraini General Insurance - Financial Lines Insurance, 2016-2021
    • Marine, Aviation and Transit Insurance
      • Table Bahraini General Insurance - Marine, Aviation and Transit Insurance, 2012-2016
      • Table Bahraini General Insurance - Marine, Aviation and Transit Insurance, 2016-2021
    • Personal Accident and Health Insurance
      • Table Bahraini General Insurance - Personal Accident and Health Insurance, 2012-2016
      • Table Bahraini General Insurance - Personal Accident and Health Insurance, 2016-2021
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Appendix
    • Contact GlobalData
    • About GlobalData
      • Table Figure 38: About GlobalData
    • GlobalData's Services
    • Disclaimer

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