Bahrain – BD 300 million premiums expected in 2016
Saturday, 12 17 2016, Category: Insurance and Reinsurance, Country: Bahrain
An official of the Central Bank of Bahrain said that the insurance premiums will witness a 10% growth rate by the year end 2016 compared to year 2015. Premiums are expected to reach BD 300 million compared to BD 273 million in year 2015. The official statistics showed that paid claims for motor insurance contracts usually compensating car accident increased in year 2015/ The statistics prepared by the Central Bank of Bahrain related to the insurance sector activities of last year showed that the motor branch paid claims amounting to BD 62 million compared to BD 60 million in the previous year, which is a 4% growth.
Source: Al Watan