Bahrain is one of six countries that comprise the Gulf Cooperation Council (GCC), the others being Kuwait, Oman, Saudi Arabia, Qatar and the UAE. Its economy is heavily dependent on oil and its by-products; oil accounted for 70% of total government revenues, more than 60% of total Bahraini export receipts and 11% of the country’s GDP in 2013. During the review period (2009-2013), the Bahraini takaful insurance industry grew at a compound annual growth rate (CAGR) of 15.0%. The robust growth of the takaful life and personal accident and health segment supported the growth of takaful insurance during the review period. The introduction of mandatory health insurance in Bahrain in 2012 was a key factor in the growth of the personal accident and health segment during 2009-2013: all employers in Bahrain are required to provide health insurance to employees.
Executive Summary :
• The Bahraini takaful insurance industry’s growth prospects by insurance segment and category
• The current trends and drivers in the Bahraini takaful insurance industry
• Challenges facing the Bahraini takaful insurance industry
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Scope :
This report provides a comprehensive analysis of the takaful insurance industry in Bahrain:
• It provides historical values for the Bahraini takaful insurance industry for the report’s 2009-2013 review period, and projected figures for the 2013-2018 forecast period.
• It offers a detailed analysis of the key segments and categories in the Bahraini takaful insurance industry, with forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets and total investment income.
Key Highlights :
• The Bahrain takaful insurance industry grew from at a compound annual growth rate (CAGR) of...