Brokers News

01 I 08 I 2016

Bahrain’s economy is registering marked progress on several fronts. This trend is demonstrated via the gains being made in economic diversification, reducing the burden of public finance and enticing new investments. Non-oil gross domestic product (GDP) grew by 3.9...

01 I 08 I 2016

The profits of insurance companies listed on the Abu Dhabi Securities Exchange increased to AED336.6 million (US$91.6 million) for the first half of the current year, 37% higher compared to AED245.5 million during the corresponding period last year. Insurance...

01 I 08 I 2016

The Ministry of Interior has announced the development of its online portal system - Markabati - which provides users with all related vehicle services, including insurance claims, documentation and car repairs.

 
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01 I 07 I 2016

Premiums rose 10% for the first quarter of 2016 to SAR11.3 billion (US$3 billion), compared to the corresponding quarter in 2015. The increase was driven mainly by vehicle insurance where premiums surged by 25.8% in 1Q. The share of motor insurance rose to 38% of...

01 I 07 I 2016

The insurance market grew by 7% during Q1 2016 with total written premiums reaching US$337.7M, compared to the corresponding quarter last year. Growth during the quarter was varied with the transport, property and miscellaneous insurance branches showing a decline,...

08 I 01 I 2015

Several insurance companies are currently engaged in a fierce price war in the motor insurance sector, with premium rates often reaching levels too low to sustain technical profits. Differences in premiums charged by...