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Non-Life Insurance in Bahrain, Key Trends and Opportunities to 2020

  • Key Facts and Highlights
    • Table Bahraini Non-Life Insurance – Key Facts, 2015
    • Table Bahraini Non-Life Insurance – Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Bahraini Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Bahraini Non-Life Insurance – Gross Written Premium (BHD Million and US$ Million), 2011–2015
        • Table Bahraini Non-Life Insurance – Penetration (%), 2011–2015
        • Table Bahraini Non-Life Insurance – Gross Written Premium (BHD Million and US$ Million), 2015–2020
        • Table Bahraini Non-Life Insurance – Penetration (%), 2015–2020
        • Table Bahraini Non-Life Insurance – Premium per Capita (BHD and US$), 2011–2015
        • Table Bahraini Non-Life Insurance – Premium per Capita (BHD and US$), 2015–2020
      • Policies sold
        • Table Bahraini Non-Life Insurance – Number of Policies Sold (Million), 2011–2015
        • Table Bahraini Non-Life Insurance – Number of Policies Sold (Million), 2015–2020
      • Claims
        • Table Bahraini Non-Life Insurance – Paid Claims (BHD Million and US$ Million), 2011–2015
        • Table Bahraini Non-Life Insurance – Paid Claims (BHD Million and US$ Million), 2015–2020
      • Profitability
        • Table Bahraini Non-Life Insurance – Profitability Ratio (%), 2011–2015
        • Table Bahraini Non-Life Insurance – Profitability Ratio (%), 2015–2020
      • Assets and investments
        • Table Bahraini Non-Life Insurance – Total Assets (BHD Million and US$ Billion), 2011–2015
        • Table Bahraini Non-Life Insurance – Total Assets (BHD Million and US$ Billion), 2015–2020
        • Table Bahraini Non-Life Insurance – Total Investment Income (BHD Million and US$ Million), 2011–2015
        • Table Bahraini Non-Life Insurance – Total Investment Income (BHD Million and US$ Million), 2015–2020
        • Table Bahraini Non-Life Insurance – Investment Portfolio (BHD Million), 2011–2015
        • Table Bahraini Non-Life Insurance – Investment Portfolio (BHD Million), 2015–2020
  • Outlook by Category
    • Table Bahraini Non-Life Insurance – Direct Written Premium by Category (BHD Million), 2011–2015
    • Table Bahraini Non-Life Insurance – Direct Written Premium by Category (BHD Million), 2015–2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Bahraini Property Insurance – Direct Written Premium by Sub-Category (BHD Billion), 2011–2015
        • Table Bahraini Property Insurance – Direct Written Premium by Sub-Category (BHD Billion), 2015–2020
      • Policies sold
        • Table Bahraini Property Insurance – Number of Policies Sold by Sub-Category (Thousand), 2011–2015
        • Table Bahraini Property Insurance – Number of Policies Sold by Sub-Category (Thousand), 2015–2020
      • Claims
        • Table Bahraini Property Insurance – Paid Claims (BHD Million and US$ Million), 2011–2015
        • Table Bahraini Property Insurance – Paid Claims (BHD Million and US$ Million), 2015–2020
      • Profitability
        • Table Bahraini Property Insurance – Loss Ratio (%), 2011–2015
        • Table Bahraini Property Insurance – Loss Ratio (%), 2015–2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Bahraini Motor Insurance – Direct Written Premium (BHD Million), 2011–2015
        • Table Bahraini Insurance – Direct Written Premium (BHD Million), 2015–2020
      • Policies sold
        • Table Bahraini Motor Insurance – Number of Policies Sold (Million), 2011–2015
        • Table Bahraini Motor Insurance – Number of Policies Sold (Million), 2015–2020
      • Claims
        • Table Bahraini Motor Insurance – Paid Claims (BHD Million and US$ Million), 2011–2015
        • Table Bahraini Motor Insurance – Paid Claims (BHD Million and US$ Million), 2015–2020
      • Profitability
        • Table Bahraini Motor Insurance – Loss Ratio (%), 2011–2015
        • Table Bahraini Motor Insurance – Loss Ratio (%), 2015–2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Bahraini Liability Insurance – Direct Written Premium (BHD Million), 2011–2015
        • Table Bahraini Liability Insurance – Direct Written Premium (BHD Million), 2015–2020
      • Policies sold
        • Table Bahraini Liability Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Bahraini Liability Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Bahraini Liability Insurance – Paid Claims (BHD Thousand and US$ Million), 2011–2015
        • Table Bahraini Liability Insurance – Paid Claims (BHD Thousand and US$ Million), 2015–2020
      • Profitability
        • Table Bahraini Liability Insurance – Loss Ratio (%), 2011–2015
        • Table Bahraini Liability Insurance – Loss Ratio (%), 2015–2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Bahraini Transport Network – Global Rankings
      • Premium
        • Table Bahraini Marine, Aviation and Transit Insurance – Direct Written Premium (BHD Million), 2011–2015
        • Table Bahraini Marine, Aviation and Transit Insurance – Direct Written Premium (BHD Million), 2015–2020
      • Policies sold
        • Table Bahraini Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2011–2015
        • Table Bahraini Marine, Aviation and Transit Insurance – Number of Policies Sold (Thousand), 2015–2020
      • Claims
        • Table Bahraini Marine, Aviation and Transit Insurance – Paid Claims (BHD Thousand and US$ Thousand), 2011–2015
        • Table Bahraini Marine, Aviation and Transit Insurance – Paid Claims (BHD Thousand and US$ Thousand), 2015–2020
      • Profitability
        • Table Bahraini Marine, Aviation and Transit Insurance – Loss Ratio (%), 2011–2015
        • Table Bahraini Marine, Aviation and Transit Insurance – Loss Ratio (%), 2015–2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
  • Natural and Man-Made Hazards
    • Flooding
    • Earthquakes
    • Sandstorms
    • Man-Made Disasters
    • Exposure
  • Competitive Landscape
    • Table Bahraini Non-Life Segment – Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Bahrain National Insurance Company – company overview
        • Table Bahrain National Insurance Company – Key Facts
        • Table Bahrain National Insurance Company – Key Financials (BHD Million), 2011–2015
      • Bahrain Kuwait Insurance Company – company overview
        • Table Bahrain Kuwait Insurance Company – Key Facts
      • ACE American Insurance Company – company overview
        • Table ACE American Insurance Company – Key Facts
        • Table ACE American Insurance Company – Key Financials (BHD Million), 2011–2015
      • Axa Insurance (Gulf) Company – company overview
        • Table Axa Insurance (Gulf) Company – Key Facts
      • Saudi National Insurance Company – company overview
        • Table Saudi National Insurance Company – Key Facts
  • 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
      • 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
      • 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 Insurance Industry – Policies and Premium, 2011–2015
      • Table Bahraini Insurance Industry – Policies and Premium, 2015–2020
    • Claims and Expenses
      • Table Bahraini Non-Life Insurance – Claims and Expenses, 2011–2015
      • Table Bahraini Non-Life Insurance – Claims and Expenses, 2015–2020
    • Assets and Investments
      • Table Bahraini Non-Life Insurance – Assets and Investments, 2011–2015
      • Table Bahraini Non-Life Insurance – Assets and Investments, 2015–2020
    • Property Insurance
      • Table Bahraini Non-Life Insurance – Property Insurance, 2011–2015
      • Table Bahraini Non-Life Insurance – Property Insurance, 2015–2020
    • Property Insurance by Product
      • Table Bahraini Non-Life Insurance – Property Insurance by Product, 2011–2015
      • Table Bahraini Non-Life Insurance – Property Insurance by Product, 2015–2020
    • Motor Insurance
      • Table Bahraini Non-Life Insurance – Motor Insurance, 2011–2015
      • Table Bahraini Non-Life Insurance – Motor Insurance, 2015–2020
    • Liability Insurance
      • Table Bahraini Non-Life Insurance – Liability Insurance, 2011–2015
      • Table Bahraini Non-Life Insurance – Liability Insurance, 2015–2020
    • Marine, Aviation and Transit Insurance
      • Table Bahraini Non-Life Insurance – Marine, Aviation and Transit Insurance, 2011–2015
      • Table Bahraini Non-Life Insurance – Marine, Aviation and Transit Insurance, 2015–2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Non-Life Insurance in Bahrain, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Bahrain, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Bahraini non-life 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 (2011–2015) and forecast period (2015–2020).

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 Timetric’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.

Summary

Timetric’s 'Non-Life Insurance in Bahrain, key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Bahraini non-life insurance segment, including:

  • The Bahraini non-life segment outlook by product category
  • A comprehensive overview of the Bahraini economy and demographics
  • A comparison of the Bahraini non-life insurance segment with its regional counterparts
  • The various distribution channels in the Bahraini non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Bahraini insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Bahrain
  • Details of regulatory policy applicable to the Bahraini insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Bahrain:
  • It provides historical values for the Bahraini non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Bahraini non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Bahraini non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Bahrain.
  • It analyzes various natural hazards and their impact on the Bahraini insurance industry
  • It profiles the top non-life 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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Bahraini non-life insurance segment.
  • Assess the competitive dynamics in the non-life 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 Highlights
  • In October 2016, the Central Bank of Bahrain organised a cybersecurity roundtable session to increase awareness of cyber-risks and develop the current Information Technology (IT) trends.
  • In 2015, Bahrain was the 79th largest export economy in the world, and ranked 54th in the Economic Complexity Index (ECI).
  • In 2015, according to PreventionWeb, the average loss due to tremors stood at BHD9.8 million (US$25.7 million).
  • In 2015, Bahrain’s insurance industry consisted of 25 local firms and 11 overseas firms, which carry out insurance, reinsurance, takaful and retakaful.


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