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Bahrain Insurance Pricing Trends Q1 2022

Overall, insurance pricing remained stable in the first quarter of 2022 for Bahrain.

Aerial view of architecture and newly constructed areas in Manama, Bahrain

Bahrain

Overall, insurance pricing remained stable in the first quarter of 2022.

Casualty: 

Pricing in the casualty market remained stable in the first quarter.

  • The general liability market remained stable and consistent in terms of pricing.
  • Auto liability is a compulsory insurance connected with the registration of any vehicle; auto liability rates and excess coverage remained stable.

Property: 

Pricing in the property market remained generally stable in the fourth quarter, due to insurers relying on reinsurance treaties to meet the local competition.

  • Some local insurers reduced capacity due to internal guidelines or treaty restrictions.
  • Some large risks experienced moderate pricing increases.
  • Bahrain is generally a low-catastrophe area, however, when international markets were accessed, pricing was typically higher with some restrictions in coverage.

Middle East and Africa Pricing - Q1 2022