Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Bahrain Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Bahrain includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
Bahrain is an archipelago consisting of 33 low-lying islands with a total land area of 691 square kilometres (267 square miles). With limited oil, gas and sovereign reserves, Characteristics of the Bahraini non-life insurance market include a major market share of motor business , a predominance of property gross premium volume relating to energy, utility and industrial (mainly aluminium production) activities and a significant private medical insurance (PMI) market share (written by both non-life and life insurers). Takaful is a popular, growing and successful alternative to conventional insurance, Online insurance comparison sites are being encouraged by the regulator after it introduced in 2019 an IA (insurance aggregators) module in its insurance Rulebook setting out regulations for this type of activity.