Read the latest edition of AIR and MEIR as an Interactive e-book

Feb 2023

Market Profile


Bahrain's listed insurers continue to drive industry growth

The financial results of the four listed Bahraini insurance companies showed that their overall premium growth not only outpaced that of the industry but also resulted in a higher share of market GWP in the first two quarters of 2022.

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Increased competition amid stable growth

Bahrain’s non-life insurers continue to experience steady growth in premiums but are operating in an increasingly competitive market. They also face challenges preparing for IFRS17. Middle East Insurance Review spoke to Damana’s Mr Georges Chidiac for insights.

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Regulator places emphasis on talent and ESG

The Central Bank of Bahrain seems to be focusing more on addressing talent gaps and ESG requirements – two particularly pressing issues for the insurance sector in the kingdom. We take a look at a couple of the regulator’s biggest announcements regarding these areas last year.

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The actuarial initiative: A marathon, not a sprint

Last year, Bahrain’s insurance industry took a big step in addressing the lack of local actuarial talent in the market. Bahrain Institute of Banking and Finance’s Ms Manal Mashkoor talks about the initiative that was launched as well as the intricacies of developing actuaries with skillsets tailored to the current business environment.

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