Bahrain – Insurance sector continues growth in 2014
Wednesday, 12 09 2015, Category: Insurance and Reinsurance, Country: Bahrain
The Central Bank of Bahrain announced that the insurance sector in the Kingdom of Bahrain has achieved an annual growth of approximately 5% during year 2014 compared to year 2013. The total written insurance premium in the Bahraini insurance market reached 270.76 Bahraini Dinars in year 2014.
The bank said that this increase originates mainly from total health insurance premiums which increased from BD 40.83 million in year 2013 to BD 48.59 million in year 2014, which is 19% increase. Health insurance represented 18% of the Bahraini insurance market in year 2014.
Additionally, total motor insurance premiums increased from BD 68.05 million in year 2013 reaching BD 72.25 million in year 2014, which is a 6% increase.
Source: Federation of Arab News Agencies