Bahrain Financial Services

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Looking to build on recent successes, Bahrain’s insurance sector is reaching out to potential clients through greater use of tools such as bancassurance. The sector is also hoping plans for increased infrastructure spending will boost the call for coverage for the construction and industrial sectors.
The banking sector could be facing a challenging year, with the swelling debt crisis in Europe threatening to overflow into the local economy. While most of the Kingdom’s lenders remain well capitalised and resistant to external shocks, overall growth could be muted.
Benefitting as it does from a respected regulatory environment and rising demand, Bahrain’s insurance industry already performs well among its peers. An increase in infrastructure spending, however, and a renewed government focus on the sector stand to boost its growth even further.

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