Bahrain insurance market: Evolution of the main indicators 2016-2017

Bahrain insurance market: Turnover per type of company (2016-2017)

Figures in thousands

	Turnover 2017		Turnover 2016		2016-2017 ⁽¹⁾ evolution	2017 market shares
	In BHD	In USD	In BHD	In USD	2016-2017 ⁽¹⁾ evolution	2017 market shares
Traditional companies	154 564	343 771	159 841	405 460	-3.30%	57.53%
Takaful companies	62 403	138 792	60 430	153 290	3.26%	23.22%
Total national companies ⁽²⁾	216 967	482 563	220 271	558 750	-1.50%	80.75%
Foreign companies	51 722	115 036	51 772	131 325	-	19.25%
Grand total	268 689	597 599	272 043	690 075	-1.23%	100%

⁽¹⁾ Change in local currency ⁽²⁾ Traditional companies and takaful companies

Breakdown of 2017 turnover per type of company

Figures in thousands

	2017 turnover		2016 turnover		2016-2017 ⁽¹⁾ evolution	2017 market shares
	In BHD	In USD	In BHD	In USD	2016-2017 ⁽¹⁾ evolution	2017 market shares
Fire	22 144	49 251	28 392	72 021	-22.01%	8.24%
Property damage	5 620	12 500	5 705	14 472	-1.49%	2.09%
Marine	4 947	11 003	5 436	13 789	-9.00%	1.84%
Aviation	1 478	3 287	530	1 344	178.87%	0.55%
Motor	80 909	179 952	78 879	200 088	2.57%	30.11%
Engineering	16 305	36 265	18 092	45 893	-9.88%	6.07%
Third party liability	6 166	13 714	6 217	15 770	-0.82%	2.29%
Health	66 264	147 380	62 108	157 547	6.69%	24.66%
Others	12 434	27 653	15 064	38 209	-17.45%	4.64%
Total non life	216 267	481 005	220 423	559 133	-1.88%	80.49%
Total life	52 422	116 594	51 620	130 942	1.55%	19.51%
Grand total	268 689	597 599	272 043	690 075	-1.23%	100%

⁽¹⁾ Growth rate in local currency

Breakdown of 2017 turnover per class of business

Source: Central Bank of Bahrain

Exchange rate as at 31/12/2017: 1 BHD = 2.22413 USD ; at 31/12/2016: 1 BHD = 2.53665 USD

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Mon, 15/07/2019 - 14:49