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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Bahraini non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Bahrain's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Bahraini non-life (P&C) market as well as trends by line of business. Axco analysts also report on Bahrain's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Bahraini insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Bahrain, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Bahrain, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Bahrain with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The principal characteristics of the Bahraini non-life insurance market (inclusive of PA and health business) in 2019 include Motor Business having the largest non-life market share of 36.41%, and Private Medical Insurance (PMI) with a significant non-life market share. Property Business, whilst being an important line of business in the conventional insurance account (2019 market share 23.2% of all conventional non-life business written by Bahraini insurance firms), is much less sizeable in the Takaful account and ....
This is a brief extract of information; more updated information may be available in the latest published report.