Non-Life Insurance Investments in Bahrain to 2016: Market Databook by Timetric

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This report is the result of Timetric’s extensive market research covering the non-life insurance industry in Bahrain. It contains detailed historic and forecast data for investments. 'Non-Life Insurance Investments in Bahrain to 2016: Market Databook' provides detailed insight into the operating environment of the non-life insurance industry in Bahrain. It is an essential tool for companies active across the Bahraini non-life insurance value chain and for new players considering to enter the market.

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									Non-Life Insurance Investments in
Bahrain to 2016: Market Databook


Reference Code: IN2256DB
Published: January 2013




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Non-Life Insurance Investments in Bahrain to 2016: Market Databook
                                                                                      Page 1
© Timetric. This product is licensed and is not to be photocopied
                                                                     Published: November 2012
TABLE OF CONTENTS

1         INTRODUCTION ...........................................................................................................5
    1.1      What is this Report About? .................................................................................................. 5
    1.2      Definitions ........................................................................................................................... 5
2         INDUSTRY ANALYSIS .................................................................................................7
    2.1      Government Securities ........................................................................................................ 7
    2.2      Government Securities Forecast ......................................................................................... 8
    2.3      Corporate Bonds ................................................................................................................. 9
    2.4      Corporate Bonds Forecast ................................................................................................ 10
    2.5      Investment Funds.............................................................................................................. 11
    2.6      Investment Funds Forecast ............................................................................................... 12
    2.7      Cash in bank/hand ............................................................................................................ 13
    2.8      Cash in bank/hand Forecast.............................................................................................. 14
    2.9      Other Investments ............................................................................................................. 15
    2.10     Other Investments Forecast .............................................................................................. 16
    2.11     Total Investment Income ................................................................................................... 17
    2.12     Total Investment Income Forecast .................................................................................... 18
3         APPENDIX ..................................................................................................................19
    3.1      Methodology ..................................................................................................................... 19
    3.2      Contact Us ........................................................................................................................ 19
    3.3      About Timetric ................................................................................................................... 19
    3.4      Our Services ..................................................................................................................... 19
    3.5      Disclaimer ......................................................................................................................... 21




Non-Life Insurance Investments in Bahrain to 2016: Market Databook
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© Timetric. This product is licensed and is not to be photocopied
                                                                                                                      Published: November 2012
LIST OF TABLES

Table 1: Insurance Industry Definitions ................................................................................................................5
Table 2: Bahraini Non-Life Insurance Investments; Government Securities (US$ Billion), 2007-2011 ...............7
Table 3: Bahraini Non-Life Insurance Investments; Government Securities (BHD Billion), 2007-2011 ..............7
Table 4: Bahraini Non-Life Insurance Investments; Government Securities (US$ Billion), 2011-2016 ...............8
Table 5: Bahraini Non-Life Insurance Investments; Government Securities (BHD Billion), 2011-2016 ..............8
Table 6: Bahraini Non-Life Insurance Investments; Corporate Bonds (US$ Billion), 2007-2011.........................9
Table 7: Bahraini Non-Life Insurance Investments; Corporate Bonds (BHD Billion), 2007-2011 ........................9
Table 8: Bahraini Non-Life Insurance Investments; Corporate Bonds (US$ Billion), 2011-2016...................... 10
Table 9: Bahraini Non-Life Insurance Investments; Corporate Bonds (BHD Billion), 2011-2016 ..................... 10
Table 10: Bahraini Non-Life Insurance Investments; Investment Funds (US$ Billion), 2007-2011 .................. 11
Table 11: Bahraini Non-Life Insurance Investments; Investment Funds (BHD Billion), 2007-2011.................. 11
Table 12: Bahraini Non-Life Insurance Investments; Investment Funds (US$ Billion), 2011-2016 .................. 12
Table 13: Bahraini Non-Life Insurance Investments; Investment Funds (BHD Billion), 2011-2016.................. 12
Table 14: Bahraini Non-Life Insurance Investments; Cash in bank/hand (US$ Billion), 2007-2011 ................. 13
Table 15: Bahraini Non-Life Insurance Investments; Cash in bank/hand (BHD Billion), 2007-2011 ................ 13
Table 16: Bahraini Non-Life Insurance Investments; Cash in bank/hand (US$ Billion), 2011-2016 ................. 14
Table 17: Bahraini Non-Life Insurance Investments; Cash in bank/hand (BHD Billion), 2011-2016 ................ 14
Table 18: Bahraini Non-Life Insurance Investments; Other Investments (US$ Billion), 2007-2011 ................. 15
Table 19: Bahraini Non-Life Insurance Investments; Other Investments (BHD Billion), 2007-2011 ................. 15
Table 20: Bahraini Non-Life Insurance Investments; Other Investments (US$ Billion), 2011-2016 ................. 16
Table 21: Bahraini Non-Life Insurance Investments; Other Investments (BHD Billion), 2011-2016 ................. 16
Table 22: Bahraini Non-Life Insurance Investments; Total Investment Income (US$ Billion), 2007-2011 ....... 17
Table 23: Bahraini Non-Life Insurance Investments; Total Investment Income (BHD Billion), 2007-2011 ....... 17
Table 24: Bahraini Non-Life Insurance Investments; Total Investment Income (US$ Billion), 2011-2016 ....... 18
Table 25: Bahraini Non-Life Insurance Investments; Total Investment Income (BHD Billion), 2011-2016 ....... 18




Non-Life Insurance Investments in Bahrain to 2016: Market Databook
                                                                                                                                               Page 3
© Timetric. This product is licensed and is not to be photocopied
                                                                                                                        Published: November 2012
LIST OF FIGURES

Figure 1: Bahraini Non-Life Insurance Investments; Government Securities (US$ Billion), 2007-2011 ..............7
Figure 2: Bahraini Non-Life Insurance Investments; Government Securities (US$ Billion), 2011-2016 ..............8
Figure 3: Bahraini Non-Life Insurance Investments; Corporate Bonds (US$ Billion), 2007-2011 .......................9
Figure 4: Bahraini Non-Life Insurance Investments; Corporate Bonds (US$ Billion), 2011-2016 .................... 10
Figure 5: Bahraini Non-Life Insurance Investments; Investment Funds (US$ Billion), 2007-2011 .................. 11
Figure 6: Bahraini Non-Life Insurance Investments; Investment Funds (US$ Billion), 2011-2016 ................... 12
Figure 7: Bahraini Non-Life Insurance Investments; Cash in bank/hand (US$ Billion), 2007-2011.................. 13
Figure 8: Bahraini Non-Life Insurance Investments; Cash in bank/hand (US$ Billion), 2011-2016.................. 14
Figure 9: Bahraini Non-Life Insurance Investments; Other Investments (US$ Billion), 2007-2011 .................. 15
Figure 10: Bahraini Non-Life Insurance Investments; Other Investments (US$ Billion), 2011-2016 ................ 16
Figure 11: Bahraini Non-Life Insurance Investments; Total Investment Income (US$ Billion), 2007-2011 ...... 17
Figure 12: Bahraini Non-Life Insurance Investments; Total Investment Income (US$ Billion), 2011-2016 ...... 18




Non-Life Insurance Investments in Bahrain to 2016: Market Databook
                                                                                                            Page 4
© Timetric. This product is licensed and is not to be photocopied
                                                                                           Published: November 2012
1 INTRODUCTION

1.1     What is this Report About?

       This report is the result of extensive research into the non-life insurance market in Bahrain, providing
       historic and forecast data on the following non-life insurance investments segments -

         Government Securities
         Corporate Bonds
         Investment Funds
         Cash in bank/hand
         Other Investments
         Total Investment Income


1.2     Definitions

       All data is collected in local currency. All conversions into US dollars (US$) of current and forecast data
       are made at the 2011 average annual conversion rate. All values in tables are displayed to one or two
       decimal places.

       For the purposes of this report, the review period is 2007–2011 and the forecast period is 2012–2016.

       The key insurance industry terms covered in the report are defined below:


       Table 1: Insurance Industry Definitions
        Term                    Definition

                                Bancassurance is the partnership between a bank and an insurance company in which the insurance
        Bancassurance
                                company uses the bank sales channel to sell insurance products.

                                Ceding company is the primary insurer which transfers some of its insurance risk by ceding a certain
        Ceding Company
                                portion of its total written premium through an insurance contract.

                                Incurred loss is the sum of claims paid by an insurance company and the change in the provision for
        Incurred Loss
                                outstanding claims, irrespective of whether or not they have been reported.

        Claims Ratio            Claims ratio is claims payable as a percentage of premium income.

                                Commission and Expenses is the sum of acquisition costs and administrative costs. Acquisition cost is a
        Commission and
                                certain percentage of premium produced that is retained as compensation by insurance agents and
        Expenses
                                brokers.

        Comprehensive loss
                                Comprehensive loss ratio is the ratio of claims incurred and net premium earned.
        ratio

                                Earned premium is the amount of premiums that a company has earned by providing insurance against
        Earned Premium
                                various risks during the year by ceding a certain portion of the written premium to reinsurance.

                                A life insurance scheme in which the term of the policy is defined for a specified period such as 15, 25
        Endowment Policy        or 30 years. The insurer pays the claim to the family of the assured in an event of their death within the
                                policy's term or in an event of the assured surviving the policy's term.
                                Facultative reinsurance is an arrangement of separate reinsurance for each risk that the primary insurer
        Facultative
                                underwrites. The reinsurer can accept or reject any risk presented by the primary insurer seeking
        Reinsurance
                                reinsurance.

                                Gross claim is the amount payable by an insurance company before allowances is made for credits that
        Gross Claim
                                may be due in the form of reinsurance, subrogation or salvage.



Non-Life Insurance Investments in Bahrain to 2016: Market Databook
                                                                                                                                Page 5
© Timetric. This product is licensed and is not to be photocopied
                                                                                                           Published: November 2012
       Table 1: Insurance Industry Definitions
        Term                       Definition

        Gross Written              The total amount of premiums (before deduction of reinsurance costs) customers are required to pay for
        Premium                    insurance policies written during the year.

                                   Group annuity is a life insurance scheme providing annuities at retirement to a group of people under a
        Group Annuity
                                   single contract. It is usually bought by an employer for the benefit of employees.

        Insurance Density and
                                   Insurance density is the percentage of total written premium to the GDP of a country.
        Penetration

                                   Insurance fraud is any act committed with the intent to obtain payment from an insurer through
        Insurance fraud
                                   fraudulent means.


        Lapsed Policy              Lapsed policy is a policy which is terminated due to the non-payment of the premium.


                                   The loss ratio is the ratio of total losses paid out in the form of claims plus adjustment expenses divided
        Loss Ratio%
                                   by the total earned premium.


        Liability Insurance        Liability insurance is a type of insurance that covers legal claims against the insured.


        Loss Reserve               Loss reserve is the estimated claims incurred but not yet settled.


                                   Maturity claim is the payment made to a policy holder at the end of the stipulated term 
								
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