11 Aug 2010
(MENAFN) The Central Bank of Bahrain (CBB) said that the kingdom’s insurance market has registered an annual growth of more than 7.5 percent last year with gross premium in excess of $530.5 million, Gulf Daily News reported.
According to the CBB, the growth was largely attributed to a surge in medical insurance from $56.3 million in 2008 to $71.6 million in 2009, a 27 percent increase.
Growth was also reported in long-term insurance in life and savings products, registering an 11 percent increase in gross premiums to reach $152 million compared to $136.7 million in 2008.
The number of insurance companies and organizations operating in Bahrain during 2009 totaled 168, of which 27 were locally-incorporated insurance firms, 11 were branches of foreign firms in addition to insurance firms restricted to business outside Bahrain and insurance ancillary services.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more