Bahrain – BD 272 million premiums in 2016
Wednesday, 08 23 2017, Category: Insurance and Reinsurance, Country: Bahrain
The Central Bank of Bahrain announced yesterday that the insurance sector realized positive results in year 2016 as the general insurance (including health insurance) represented 81% of total premiums/contributions for year 2016. Additionally, the growth of health insurance and engineering insurance reached respectively 19% and 7% during year 2016. The contribution of life insurance (long term insurance) reached around 19% of total premiums/contributions in the insurance market in year 2016.
Moreover, these results are related mainly to the growth of health insurance premiums/contributions, which grew from BD 52.2 million in year 2015 to BD 62.11 million in year 2016 i.e. a 19% growth noting that health insurance represented 23% of total insurance premiums/contributions in the Bahraini insurance market.
Source: Al Ayam