The insurance market continues its growth

Bahrain’s central bank published in November 2015, the 2014 market data. The statistics posted show a 5% increase in premiums at 270.76 million BHD (722 million USD). The market is comprised of 25 local insurance companies and 11 foreign insurers. With 27% in premiums, the motor class remains the dominant business, reporting a 6% year-on-year growth, thus going from 68.05 million BHD (182 million USD) in 2013 to 72.25 million BHD (193 million USD) in 2014. Health insurance accounts for 18% of the turnover, posting a 19% leap at 48.59 million BHD (129 million USD). Fire and third party liability also account for 18% of the market, having witnessed a 5% increase between 2013 and 2014.