Bahrain – Licensing of foreign life insurer considered
Saturday, 10 08 2016, Category: Insurance and Reinsurance, Country: Bahrain
Mr. Abdul Rahman M. Al-Baker Executive Director of Financial Institutions Supervision at the Central Bank of Bahrain said that the central bank is currently considering the licensing of a foreign life insurance company branch, which wants to be based in Bahrain.
Mr. Al Baker added in a statement to “Al Watan” that there is a number companies, which applied to obtain licenses in order to operate in the Kingdom in the insurance services in addition to other investment activities.
The Executive Director of financial institutions supervision at the “Central Bank” said that the details about these companies will be announced in case the final licenses are granted in the next period.
Source: Al Watan