Growth looming ahead for Bahrain's insurance market

According to investment bank Alpen Capital, the Bahraini insurance sector is likely to report an average annual growth of 7.3% by 2021. The market’s turnover set at 727 million USD in 2016 is poised to rise to 1.05 billion USD five years later.

Population increase, rising health expenditure and the likely introduction of a compulsory health insurance plan would boost the insurance business in Bahrain.

The development of the Takaful class of business is also likely to contribute to this improvement.

Read also | Ranking of insurance companies in Bahrain

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