1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Bahrain Insurance Report Q2 2016

Bahrain Insurance Report Q2 2016

  • April 2016
  • -
  • Business Monitor International
  • -
  • 57 pages

Includes 3 FREE quarterly updates

BMI View: Bahrain's insurance sector, though small in global terms, is one of the more developed in theMiddle East and incorporates a wide range of indigenous and multinational providers, the majority ofwhom offer a diversified product mix. Despite the impact of low oil prices on the Bahraini economy, wemaintain a relatively positive outlook as regards consumer spending in the kingdom and thus demand forinsurance and financial services. Income levels in Bahrain are high and rising and a sizeable expatriatepopulation means that demand for life and health covers in particular is expected to remain robust over theforecast period. However, we hold a weaker view with regard to transport lines and insurance sub-sectorsthat are heavily dependant on the country's oil economy, with these segments likely to see limited growthover the forecast period through to 2020.

Key Updates And Forecasts

- We maintain a generally positive outlook for both the life and non-life sectors in Bahrain. We forecastlife insurance premiums to grow by 7.5% y-o-y in 2016 to USD174mn. Growth will average 5.6% a yearover 2017-2020 to reach USD217mn.

- Non-life premiums will also perform well in the short term, growing by 6.8% y-o-y this year toUSD645mn. Premiums will grow by 6.9% a year on average over the remainder of the forecast period toreach USD842mn.

- In January and February 2016, wealth management and pensions provider, Takaud, signed partnershipagreements with two Bahraini insurance companies, Takaful International and Bahrain KuwaitInsurance Company (BKIC). The agreements will involve the cross-marketing of insurance and financial services products between the respective companies, as well as the development of newproducts.

Table Of Contents

Bahrain Insurance Report Q2 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Bahrain 2013-2020) 7
SWOT 9
Insurance 9
Industry Forecast 11
Life Premiums Forecast 11
Table: Life Premiums (Bahrain 2013-2020) 14
Table: Life Insurance Claims, Bahrain 14
Non-Life Premiums Forecast 15
Table: Non-Life Premiums (Bahrain 2013-2020) 18
Table: Non-Life Insurance Claims, Bahrain 18
Non-Life Sub-Sector Forecast 19
Table: Non-Life Insurance Premiums by Product Line (Bahrain 2013-2020) 24
Industry Risk Reward Ratings 26
MENA Insurance Risk/Reward Index 26
Table: MENA Insurance Risk/Reward Index - Q216 27
Market Overview 28
Life Market Overview 28
The Product Offering 28
The Competitive Landscape 29
Table: Life Market Share, Gross Premiums, USDmn (2007-2014) 30
Table: Life Market Share (%), 2007-2014 31
Non-Life Market Overview 32
The Product Offering 32
The Competitive Landscape 33
Table: Non-Life Market Share, USDmn (2007-2014) 34
Table: Non-Life Market Share (%), 2007-2014 35
Company Profile 37
Arig 37
Bahrain Kuwait Insurance Co (BKIC) 40
Bahrain National Holdings 43
MedGulf 46
Takaful International 48
Methodology 51
Industry Forecast Methodology 51
Risk/Reward Index Methodology 54
Table: Indicators 56
Table: Weighting of Indicators 57

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Fraud Detection and Prevention Market by Solution, Application Areas, Service, End-User, Vertical - Global Forecast to 2021

Fraud Detection and Prevention Market by Solution, Application Areas, Service, End-User, Vertical - Global Forecast to 2021

  • $ 7150
  • Industry report
  • September 2016
  • by MarketsandMarkets

“Rapid increase in mobile banking will drive the FDP market” The Fraud Detection and Prevention (FDP) market size is estimated to grow from USD 14.36 billion in 2016 to USD 33.19 billion by 2021, at ...

Customer Experience Management Study—Malaysia’s Life Insurance Market, 2015

Customer Experience Management Study—Malaysia’s Life Insurance Market, 2015

  • $ 4950
  • Industry report
  • September 2016
  • by Frost & Sullivan

Benchmarking the Industry Excellence in Delivering Superior Customer Experience Customer experience is the accumulation of customers’ experiences throughout their journey with the supplier, across any ...

Customer Experience Management Study—Malaysia’s Health Insurance Sector 2015

Customer Experience Management Study—Malaysia’s Health Insurance Sector 2015

  • $ 4950
  • Industry report
  • September 2016
  • by Frost & Sullivan

Benchmarking Industry Excellence in Delivering a Superior Customer Experience Customer experience is the accumulation of customers’ experiences throughout their journey with the supplier, across any ...


ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.