Bahrain – License of a Gulf insurance company studied
Tuesday, 10 27 2015, Category: Insurance and Reinsurance, Country: Bahrain
Mr. Abdul Rahman Al Baker, the Executive Director of Financial Institutions Supervision at the Central Bank of Bahrain said that the “Central Bank” is currently studying the application made by a Gulf insurance company in order to obtain a license.
Al Baker in statements made to “Al Watan” said that there are “other applications of insurance companies which are under study also”, clarifying that the details will be announced soon.
About the number of insurance companies in Bahrain, the Executive Director of Financial Institutions Supervision at the “Central Bank” said that the number local licensed insurance companies is 38 companies, whereas 160 companies work as insurance and reinsurance intermediaries in the market.
Source: Al Watan – Al Bahrain