Bahrain: 15% Decline in Car Accident Insurance Claims
Friday, 10 25 2019, Category: Insurance and Reinsurance, Country: Bahrain
The insurance market in Bahrain exhibited good results as the Premiums received by insurers grew by 6% in comparison to 2018 while claims from policyholders fell by 15%.
Total insurance premiums in 2018 were around BD 284 million compared to BD 268 million in the previous year, while claims were about BD 232 million in 2018, which is lower than the previous year, as it was 272 million dinars.
The auto insurance sector continues to be the largest contributor to insurance premiums, seizing 29% of total premiums, followed by health insurance (23%), long-term insurance (18%), fire insurance (14%), engineering insurance (8%).