Magazine date:
Mar 2014 Bahrain Kuwait Insurance Company (BKIC) reported a net profit of 3.7 million BHD (9.8 million USD) for 2013 compared to 4.2 million BHD (11.1 million USD) in 2012, a decline accounted for by the growing frequency of motor claims.
The fire and accident classes of business have also sustained some losses, with competition between insurers impacting results. Companies have generally tried to offset lower volume of marine and construction insurance by targeting motor and health risks.