Insurance

The performance of Bahrain’s insurance sector has reflected national macroeconomic trends in recent years, with premium growth remaining sluggish and, in some cases, declining, even as listed companies’ bottom lines recorded notable growth. Motor and medical insurance dominate the industry, and the recent promulgation of a national health insurance law is set to bring the latter additional growth. With the crowded market ripe for consolidation, digital channels offering customers greater choice among policies and the implementation of mandatory health insurance, the sector could see a return to robust growth in 2020 and beyond, further supported by the government’s infrastructure development agenda and population growth.