Bahraini insurance market in 2019
Bahraini insurance market: turnovers 2018-2019 by class of business
Figures in thousands| Classes of business | 2019 turnover | 2018 turnover | 2018-2019 evolution* | 2019 market shares | ||
|---|---|---|---|---|---|---|
| BHD | USD | BHD | USD | |||
Motor | 80 007 | 210 942 | 82 576 | 218 300 | -3.11% | 27.84% |
Health | 67 618 | 178 278 | 65 497 | 173 149 | 3.24% | 23.53% |
Fire | 31 172 | 82 187 | 27 708 | 73 249 | 12.50% | 10.85% |
Property damage | 8 285 | 21 844 | 6 446 | 17 041 | 28.53% | 2.88% |
Marine | 6 321 | 16 666 | 6 455 | 17 065 | -2.08% | 2.20% |
Engineering | 6 309 | 16 634 | 22 594 | 59 730 | -72.08% | 2.20% |
Third party liability | 5 557 | 14 651 | 5 748 | 15 196 | -3.32% | 1.93% |
Aviation | 2 323 | 6 125 | 1 849 | 4 888 | 25.64% | 0.81% |
Miscellaneous financial losses | 3 929 | 10 359 | 4 018 | 10 622 | -2.22% | 1.37% |
Autres risques | 8 168 | 21 535 | 9 924 | 26 235 | -17.69% | 2.84% |
| Other risks | 219 689 | 579 221 | 232 815 | 615 475 | -5.64% | 76.45% |
| Total life | 67 666 | 178 405 | 51 209 | 135 377 | 32.14% | 23.55% |
| Grand total | 287 355 | 757 626 | 284 024 | 750 852 | 1.17% | 100% |
* Evolution in local currency
Bahraini insurance market: breakdown of 2019's turnover by type of company
Figures in thousands| Classes of business | Traditional companies | Takaful companies | Foreign companies | |||
|---|---|---|---|---|---|---|
| BHD | USD | BHD | USD | BHD | USD | |
Motor | 49 686 | 131 000 | 25 843 | 68 136 | 4 478 | 11 806 |
Health | 29 088 | 76 692 | 30 910 | 81 496 | 7 620 | 20 090 |
Fire | 24 581 | 64 809 | 4 653 | 12 268 | 1 938 | 5 110 |
Property damage | 6 931 | 18 274 | 1 354 | 3 570 | - | - |
Marine | 4 658 | 12 281 | 905 | 2 386 | 758 | 1 999 |
Engineering | 2 464 | 6 496 | 1 780 | 4 693 | 2 065 | 5 445 |
Third party liability | 3 843 | 10 132 | 1 419 | 3 741 | 295 | 778 |
Aviation | 15 | 40 | 2 308 | 6 085 | - | - |
Miscellaneous financial losses | 1 478 | 3 897 | 2 266 | 5 975 | 185 | 487 |
Autres risques | 3 042 | 8 020 | 4 208 | 11 095 | 918 | 2 420 |
| Other risks | 125 786 | 331 641 | 75 646 | 199 445 | 18 257 | 48 135 |
| Total life | 35 268 | 92 986 | 15 437 | 40 700 | 16 961 | 44 719 |
| Grand total | 161 054 | 424 627 | 91 083 | 240 145 | 35 218 | 92 854 |
Exchange rate as at 31/12/2019 : 1 BHD = 2.63655 USD ; as at 31/12/2018 1 BHD = 2.64362 USD
Read also | Top 10 insurers in Bahrain
