Bahrain

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Bahrain Insurance Association
Web: www.bia-bh.com

 

POPULATION, 2011-2014 (1)

Year Population
2011 1,214,705
2012 1,248,348
2013 1,281,332
2014 1,314,089

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2010-2014 (1)

(U.S. $ billions)

Year GDP
2010 $28.0
2011 29.8
2012 30.8
2013 35.0
2014 61.6

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $515
Life premiums 173
Total premiums $688
Percent of total world premiums 0.01%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Gross written premiums
Company BHD Mn USD Mn
Bahrain Kuwait Insurance Co. 23.4 62.3
ACE American Insurance Co. 20.1 53.6
AXA Insurance (Gulf) Co. 18.6 49.3
Takaful International 17.4 46.3
Bahrain National Insurance Co. 16.4 43.7
Gulf Union Ins & Re Co. 15.5 41.1
Solidarity General Takaful 13.1 34.8
Al Ahlia Insurance Co. 11.4 30.4
Saudi National Ins Co. 11.1 29.6
T'azur Company 8.4 22.2

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Gross written premiums
  BHD Mn USD Mn
Life Insurance Corporation (International) 22.3 59.4
American Life Insurance Co. 13.5 36.0
Zurich International Life Ltd 13.1 34.8
Medgulf Takaful 4.6 12.3
Legal & General Gulf Takaful 4.5 12.0
Bahrain National Life Assurance Co. 1.9 5.1
Takaful International 1.3 3.4
Legal & General Gulf 0.7 2.0
T'azur Company 0.6 1.6
Arabia Insurance Company 0.1 0.3

Source: Axco Insurance Information Services.

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