Bahrain is a leader in Takaful
Tuesday, 09 04 2018, Category: Islamic Insurance, Country: Bahrain
The insurance premiums in the Kingdom of Bahrain reached USD 762 million in year 2017 compared to USD 724 million in year 2016 despite the economic slowdown of the Gulf region related to the decline in oil prices.
Mr. Abdul Khaliq Rauf Khalil, secretary general of the General Arab Insurance Federation said in a phone conversation with “Akhbar Al Khaleej” that the Kingdom of Bahrain welcomed large regional and international reinsurance and retakaful companies, so it has 6 reinsurers and 2 retakaful companies.
Moreover, he added that “insurance companies operating in Bahrain will witness prosperity during the next period”.
Source: Akhbar Al Khaleej