Top 10 insurance companies in Bahrain per 2020 turnover
Figures in thousands
| Rank | Companies | 2020 turnover | 2019 turnover | 2019-2020 evolution (1) | 2020 shares | ||
|---|---|---|---|---|---|---|---|
| BHD | USD | BHD | USD | ||||
| 1 | GIG Bahrain | 85 430 | 225 358 | 81 656 | 215 290 | 4.62% | 30.85% |
| 2 | Bahrain National Holding | 36 700 | 96 812 | 33 804 | 89 126 | 8.57% | 13.25% |
| 3 | Solidarity Bahrain | 30 204 | 79 676 | 30 852 | 81 343 | -2.10% | 10.91% |
| 4 | GIG Takaful International | 22 859 | 60 300 | 21 721 | 57 269 | 5.24% | 8.26% |
| 5 | T'azur | 19 072 | 50 310 | 19 082 | 50 310 | -0.05% | 6.89% |
| 6 | Medgulf Takaful | 15 694 | 41 400 | 15 702 | 41 400 | -0.05% | 5.67% |
| 7 | Gulf Union | 13 761 | 36 300 | 14 981 | 39 500 | -8.15% | 4.97% |
| 8 | Al Hilal Life | 10 406 | 27 450 | 8 951 | 23 600 | 16.26% | 3.76% |
| 9 | SNIC Insurance | 9 903 | 26 123 | 10 389 | 27 391 | -4.68% | 3.58% |
| 10 | United | 2 934 | 7 740 | 9 615 | 25 350 | -69.48% | 1.06% |
| Total top 10 insurers | 246 963 | 651 469 | 246 753 | 650 579 | 0.1% | 89.20% | |
| Rest of the market (2) | 29 909 | 78 900 | 40 589 | 107 013 | -26.31% | 10.80% | |
| Grand total | 276 872 | 730 369 | 287 342 | 757 592 | -3.64% | 100% | |
(1) Evolution in local currency
(2) 26 companies
Sources: Insurance Market Review 2020, CBB and Al Bayan Economic.
Exchange rate as at 31/12/2020 : 1 BHD = 2.63793 USD ; 31/12/2019 : 1 BHD = 2.63655 USD
Read also | Bahraini insurance market
