Personal Accident and Health Insurance in Bahrain, Key Trends and Opportunities to 2019

Published: Mar, 2016 | Pages: 75 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Personal Accident and Health Insurance in Bahrain, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Bahraini personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and claims during the review period (2010-2014) and forecast period (2014-2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Bahrain's economy and demographics, and provides detailed information on the competitive landscape in the country. 

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric's 'Personal Accident and Health Insurance in Bahrain, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Bahraini personal accident and health insurance segment, including:

 The Bahraini personal accident and health insurance segment's growth prospects by insurance category

 Key trends, drivers and challenges for the personal accident and health insurance segment 

 A comprehensive overview of the Bahraini economy and demographics

 The various distribution channels in the Bahraini personal accident and health insurance segment

 Details of the competitive landscape in the personal accident and health insurance segment in Bahrain

 Details of regulatory policy applicable to the Bahraini insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Bahrain:

 It provides historical values for the Bahraini personal accident and health insurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.

 It offers a detailed analysis of the key categories in the Bahraini personal accident and health insurance segment, and market forecasts to 2019.

 It analyzes the various distribution channels for personal accident and health insurance products in Bahrain.

 It profiles the top personal accident and health insurance companies in Bahrain, and outlines the key regulations affecting them.

Reasons to Buy
 Make strategic business decisions using in-depth historic and forecast market data related to the Bahraini personal accident and health insurance segment, and each category within it.

 Understand the demand-side dynamics, key market trends and growth opportunities in the Bahraini personal accident and health insurance segment.

 Assess the competitive dynamics in the personal accident and health insurance segment.

 Identify growth opportunities and market dynamics in key product categories.

 Gain insights into key regulations governing the Bahraini insurance industry, and their impact on companies and the industry's future.

Key Highlights
 Personal accident and health was the smallest segment in the Bahraini insurance industry during the review period, accounting for 15.4% of the gross written premium in 2014.

 Rises in healthcare expenditure and disposable income increased demand for health insurance during the review period. 

 Bahrain has a public healthcare system which offers medical facilities free of charge, or at low cost, to all Bahraini nationals, although expatriates are not covered. 

 In January 2015, Bahrain's Ministry of Health introduced a new scheme to provide healthcare for expatriate workers in the private sector. 

 E-commerce is emerging, although it is still at a nascent stage.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Personal Accident and Health Insurance Segment Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
6 Analysis by Distribution Channel
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Bahraini Personal Accident and Health Insurance Segment
7.2.1 American Life Insurance Company (MetLife) - company overview
7.2.2 Axa Insurance (Gulf) Company - company overview
7.2.3 Saudi National Insurance Company - company overview
7.2.4 Bahrain Kuwait Insurance Company - company overview
7.2.5 Gulf Union Insurance and Reinsurance Company - company overview
7.2.6 Al Ahlia Insurance Company - company overview
7.2.7 Saudi Arabian Cooperative Insurance Company - company overview
7.2.8 Bahrain National Life Assurance Company - company overview
7.2.9 Mediterranean & Gulf Insurance and Reinsurance Company - company overview
7.2.10 Arabia Insurance Company - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Professional indemnity insurance for insurance brokers and insurance consultants
8.4.3 Social insurance law
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Central Bank of Bahrain
8.5.3 Bahrain Insurance Association
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Types of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution (ADR)
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Bahraini Personal accident and health Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Bahraini Government Credit Ratings
Table 4: Bahraini Personal Accident and Health Insurance - Gross Written Premium (BHD Million), 2010-2014
Table 5: Bahraini Personal Accident and Health Insurance - Gross Written Premium (BHD Million), 2014-2019
Table 6: Bahraini Personal Accident and Health Insurance - Net Earned Premium (BHD Million), 2010-2014
Table 7: Bahraini Personal Accident and Health Insurance - Net Earned Premium (BHD Million), 2014-2019
Table 8: Bahraini Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Table 9: Bahraini Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Table 10: Bahraini Personal Accident and Health Insurance - Commission and Expenses (BHD Million), 2010-2014
Table 11: Bahraini Personal Accident and Health Insurance - Commission and Expenses (BHD Million), 2014-2019
Table 12: Bahraini Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Table 13: Bahraini Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Table 14: Bahraini Personal Accident and Health Insurance - Policies per Capita, 2010-2014
Table 15: Bahraini Personal Accident and Health Insurance - Number of Policies Per Capita, 2014-2019
Table 16: Bahraini Personal Accident and Health Insurance - Total Assets (BHD Million), 2010-2014
Table 17: Bahraini Personal Accident and Health Insurance - Total Assets (BHD Million), 2014-2019
Table 18: Bahraini Personal Accident and Health Insurance - Total Investment Income (BHD Million), 2010-2014
Table 19: Bahraini Personal Accident and Health Insurance - Total Investment Income (BHD Million), 2014-2019
Table 20: Bahraini Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2010-2014
Table 21: Bahraini Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2014-2019
Table 22: Bahraini Personal Accident and Health Insurance - Segment Shares (%), 2014
Table 23: American Life Insurance Company (MetLife) - Key Facts
Table 24: Axa Insurance (Gulf) Company - Key Facts
Table 25: Saudi National Insurance Company - Key Facts
Table 26: Bahrain Kuwait Insurance Company - Key Facts
Table 27: Gulf Union Insurance and Reinsurance Company - Key Facts
Table 28: Al Ahlia Insurance Company - Key Facts
Table 29: Saudi Arabian Cooperative Insurance Company - Key Facts
Table 30: Bahrain National Life Assurance Company - Key Facts
Table 31: Mediterranean & Gulf Insurance and Reinsurance Company - Key Facts
Table 32: Arabia Insurance Company - Key Facts
Table 33: Bahrain - Insurance Regulatory Framework Key Features
Table 34: Bahrain - Life Insurance Regulatory Framework
Table 35: Bahrain - Property Insurance Regulatory Framework
Table 36: Bahrain - Motor Insurance Regulatory Framework
Table 37: Bahrain - Liability Insurance Regulatory Framework