Solidarity Bahrain, one of the largest insurance companies in the Kingdom of Bahrain and a subsidiary of Solidarity Group Holding, has integrated the eKey 2.0 system in its digital platforms, becoming the first insurer in the kingdom to adopt the national authentication and eKYC system.
While total net profit across 76 listed GCC insurers held steady at $1.2bn in 1H2025, the overall performance was weighed down by Saudi insurers, who saw profits decline by 40.3%, with only six out of 25 recording higher earnings, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Insurance companies in Bahrain are studying a project to establish a unified digital platform for managing motor accident claims, the chairman of the Bahrain Insurance Association, Dr Abdulla Sultan, has revealed.
Solidarity Bahrain, a leading Islamic insurance provider, has successfully raised BHD12m ($31.8m) through the issuance of Bahrain's first Shariah-compliant, non-voting, non-cumulative, perpetual Tier 1 capital preference shares.
The Bahrain Institute of Banking and Finance (BIBF) has announced the launch of a fully online and self-paced course on Anti-Money Laundering (AML), designed specifically for professionals in the insurance sector in the Kingdom of Saudi Arabia.
Insurance coverage should be made mandatory by law for robot users, covering all types of damages that may arise from their use, according to an academic.
Heavy investments in insurer digital capabilities are now paying off in Bahrain, GIG Gulf general manager Bahrain Ahmed Marhamat Jahromi said to Middle East Insurance Review.
There is growing recognition of the importance of financial security in the workplace in the GCC, with the average age of those with income protection falling to 41 from 51 over the last three years, according to Zurich International Life Insurance Middle East, a subsidiary of Zurich Insurance Group.
Manama-based Mada Brokers has launched the first insurance aggregator in Bahrain, the company announced in a statement.
Regional reinsurer Arab Insurance Group (Arig) has reported a consolidated net profit of $1.6m attributable to shareholders for the first quarter of 2025, a fall of 81% from the $8.3m posted for the first three months of 2024.