Insurance
From The Report: Bahrain 2017
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The wide array of local and international insurance companies that operate out of Manama have flourished in a regulatory environment that has allowed them to serve the small domestic market while simultaneously extending their operations regionally. A history of sound prudential oversight has protected them from the series of economic shocks that have created a challenging economic environment since 2011, during which time they have continued to post year-on-year expansions in written premiums.

While low oil prices mean that adverse conditions are likely to persist in 2017, the promise of new mandatory lines maintains the possibility of renewed growth in the sector.

Articles from this Chapter

Overview

The right environment: Regulatory flexibility has created a thriving market
OBG
plus

The wide array of local and international insurance companies that operate out of Manama have flourished in a regulatory environment that has allowed them to serve the small domestic market while simultaneously extending their operations regionally. A history of sound prudential oversight has protected them from the series of economic shocks that have created a challenging economic environment since 2011, during which time they have continued to post year-on-year expansions in written premiums.…

Analysis

Better late than never: Compulsory health insurance is belatedly building momentum
OBG
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It has been more than a decade since Bahrain’s Shura Council, the state’s main legislative body, first granted its approval for a compulsory health insurance system. The proposal came at a time when governments across the region were attempting to shift the increasingly costly burden of health care provision towards the private sector. After its 2005 acceptance by the council, the government’s plan was redrafted into a legal document and dispatched to a parliamentary subcommittee for…