Personal Accident and Health
Insurance Distribution Channels in
Bahrain to 2016: Market Databook
Reference Code: IN2265DB
Published: January 2013
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7 Carmelite Street
London
EC4Y 0BS
United Kingdom
Tel: +44 (0)20 7936 6400
Fax: +44 (0)20 7336 6813
www.timetric.com
TABLE OF CONTENTS
1 INTRODUCTION ...........................................................................................................7
1.1 What is this Report About? .................................................................................................. 7
1.2 Definitions ........................................................................................................................... 7
2 DIRECT MARKETING ANALYSIS ...............................................................................9
2.1 Value of Commissions......................................................................................................... 9
2.2 Value of Commissions Forecast ........................................................................................ 10
2.3 Share of Total Market Commissions.................................................................................. 11
2.4 Share of Total Market Commissions Forecast ................................................................... 12
2.5 Gross Written Premiums – New Business ......................................................................... 13
2.6 Gross Written Premiums – New Business Forecast .......................................................... 14
2.7 Number of New Policies Sold ............................................................................................ 15
2.8 Number of New Policies Sold Forecast ............................................................................. 16
2.9 Number of Players ............................................................................................................ 17
2.10 Number of Players Forecast .............................................................................................. 18
3 E-COMMERCE ANALYSIS ........................................................................................19
3.1 Value of Commissions....................................................................................................... 19
3.2 Value of Commissions Forecast ........................................................................................ 20
3.3 Share of Total Market Commissions.................................................................................. 21
3.4 Share of Total Market Commissions Forecast ................................................................... 22
3.5 Gross Written Premiums – New Business ......................................................................... 23
3.6 Gross Written Premiums – New Business Forecast .......................................................... 24
3.7 Number of New Policies Sold ............................................................................................ 25
3.8 Number of New Policies Sold Forecast ............................................................................. 26
3.9 Number of Players ............................................................................................................ 27
3.10 Number of Players Forecast .............................................................................................. 28
4 INSURANCE BROKERS ANALYSIS .........................................................................29
4.1 Value of Commissions....................................................................................................... 29
4.2 Value of Commissions Forecast ........................................................................................ 30
4.3 Share of Total Market Commissions.................................................................................. 31
4.4 Share of Total Market Commissions Forecast ................................................................... 32
4.5 Gross Written Premiums – New Business ......................................................................... 33
4.6 Gross Written Premiums – New Business Forecast .......................................................... 34
4.7 Number of New Policies Sold ............................................................................................ 35
4.8 Number of New Policies Sold Forecast ............................................................................. 36
4.9 Number of Players ............................................................................................................ 37
4.10 Number of Players Forecast .............................................................................................. 38
Personal Accident and Health Insurance Distribution Channels in Bahrain to
2016: Market Databook Page 2
© Timetric. This product is licensed and is not to be photocopied
Published: January 2013
5 BANCASSURANCE ANALYSIS ................................................................................39
5.1 Value of Commissions....................................................................................................... 39
5.2 Value of Commissions Forecast ........................................................................................ 40
5.3 Share of Total Market Commissions.................................................................................. 41
5.4 Share of Total Market Commissions Forecast ................................................................... 42
5.5 Gross Written Premiums – New Business ......................................................................... 43
5.6 Gross Written Premiums – New Business Forecast .......................................................... 44
5.7 Number of New Policies Sold ............................................................................................ 45
5.8 Number of New Policies Sold Forecast ............................................................................. 46
5.9 Number of Players ............................................................................................................ 47
5.10 Number of Players Forecast .............................................................................................. 48
6 AGENCIES ANALYSIS ..............................................................................................49
6.1 Value of Commissions....................................................................................................... 49
6.2 Value of Commissions Forecast ........................................................................................ 50
6.3 Share of Total Market Commissions.................................................................................. 51
6.4 Share of Total Market Commissions Forecast ................................................................... 52
6.5 Gross Written Premiums – New Business ......................................................................... 53
6.6 Gross Written Premiums – New Business Forecast .......................................................... 54
6.7 Number of New Policies Sold ............................................................................................ 55
6.8 Number of New Policies Sold Forecast ............................................................................. 56
6.9 Number of Players ............................................................................................................ 57
6.10 Number of Players Forecast .............................................................................................. 58
7 OTHER DISTRIBUTION CHANNELS ANALYSIS .....................................................59
7.1 Value of Commissions....................................................................................................... 59
7.2 Value of Commissions Forecast ........................................................................................ 60
7.3 Share of Total Market Commissions.................................................................................. 61
7.4 Share of Total Market Commissions Forecast ................................................................... 62
7.5 Gross Written Premiums – New Business ......................................................................... 63
7.6 Gross Written Premiums – New Business Forecast .......................................................... 64
7.7 Number of New Policies Sold ............................................................................................ 65
7.8 Number of New Policies Sold Forecast ............................................................................. 66
7.9 Number of Players ............................................................................................................ 67
7.10 Number of Players Forecast .............................................................................................. 68
8 APPENDIX ..................................................................................................................69
8.1 Methodology ..................................................................................................................... 69
8.2 Contact Us ........................................................................................................................ 69
8.3 About Timetric ................................................................................................................... 69
8.4 Our Services ..................................................................................................................... 69
8.5 Disclaimer ......................................................................................................................... 71
Personal Accident and Health Insurance Distribution Channels in Bahrain to
2016: Market Databook Page 3
© Timetric. This product is licensed and is not to be photocopied
Published: January 2013
LIST OF TABLES
Table 1: Insurance Industry Definitions ....................................................................................................................................................... 7
Table 2: Bahraini Direct Marketing; Value of Commissions (US$ Million), 2007-2011 ................................................................................. 9
Table 3: Bahraini Direct Marketing; Value of Commissions (BHD Million), 2007-2011................................................................................. 9
Table 4: Bahraini Direct Marketing; Value of Commissions (US$ Million), 2011-2016 ............................................................................... 10
Table 5: Bahraini Direct Marketing; Value of Commissions (BHD Million), 2011-2016............................................................................... 10
Table 6: Bahraini Direct Marketing; Share of Total Market Commissions (Percentage), 2007-2011 .......................................................... 11
Table 7: Bahraini Direct Marketing; Share of Total Market Commissions (Percentage), 2011-2016 .......................................................... 12
Table 8: Bahraini Direct Marketing; Gross Written Premiums – New Business (US$ Million), 2007-2011 .................................................. 13
Table 9: Bahraini Direct Marketing; Gross Written Premiums – New Business (BHD Million), 2007-2011 ................................................. 13
Table 10: Bahraini Direct Marketing; Gross Written Premiums – New Business (US$ Billion), 2011-2016 ................................................ 14
Table 11: Bahraini Direct Marketing; Gross Written Premiums – New Business (BHD Billion), 2011-2016 ................................................ 14
Table 12: Bahraini Direct Marketing; Number of New Policies Sold (Million), 2007-2011........................................................................... 15
Table 13: Bahraini Direct Marketing; Number of New Policies Sold (Million), 2011-2016........................................................................... 16
Table 14: Bahraini Direct Marketing; Number of Players (Absolute), 2007-2011 ....................................................................................... 17
Table 15: Bahraini Direct Marketing; Number of Players (Absolute), 2011-2016 ....................................................................................... 18
Table 16: Bahraini E-Commerce; Value of Commissions (US$ Million), 2007-2011 .................................................................................. 19
Table 17: Bahraini E-Commerce; Value of Commissions (BHD Million), 2007-2011.................................................................................. 19
Table 18: Bahraini E-Commerce; Value of Commissions (US$ Million), 2011-2016 .................................................................................. 20
Table 19: Bahraini E-Commerce; Value of Commissions (BHD Million), 2011-2016.................................................................................. 20
Table 20: Bahraini E-Commerce; Share of Total Market Commissions (Percentage), 2007-2011 ............................................................. 21
Table 21: Bahraini E-Commerce; Share of Total Market Commissions (Percentage), 2011-2016 ............................................................. 22
Table 22: Bahraini E-Commerce; Gross Written Premiums – New Business (US$ Million), 2007-2011 ..................................................... 23
Table 23: Bahraini E-Commerce; Gross Written Premiums – New Business (BHD Million), 2007-2011 .................................................... 23
Table 24: Bahraini E-Commerce; Gross Written Premiums – New Business (US$ Million), 2011-2016 ..................................................... 24
Table 25: Bahraini E-Commerce; Gross Written Premiums – New Business (BHD Million), 2011-2016 .................................................... 24
Table 26: Bahraini E-Commerce; Number of New Policies Sold (Million), 2007-2011 ............................................................................... 25
Table 27: Bahraini E-Commerce; Number of New Policies Sold (Million), 2011-2016 ............................................................................... 26
Table 28: Bahraini E-Commerce; Number of Players (Absolute), 2007-2011 ............................................................................................ 27
Table 29: Bahraini E-Commerce; Number of Players (Absolute), 2011-2016 ............................................................................................ 28
Table 30: Bahraini Insurance Brokers; Value of Commissions (US$ Million), 2007-2011 .......................................................................... 29
Table 31: Bahraini Insurance Brokers; Value of Commissions (BHD Million), 2007-2011 .......................................................................... 29
Table 32: Bahraini Insurance Brokers; Value of Commissions (US$ Million), 2011-2016 .......................................................................... 30
Table 33: Bahraini Insurance Brokers; Value of Commissions (BHD Million), 2011-2016 .......................................................................... 30
Table 34: Bahraini Insurance Brokers; Share of Total Market Commissions (Percentage), 2007-2011 ..................................................... 31
Table 35: Bahraini Insurance Brokers; Share of Total Market Commissions (Percentage), 2011-2016 ..................................................... 32
Table 36: Bahraini Insurance Brokers; Gross Written Premiums – New Business (US$ Million), 2007-2011 ............................................. 33
Table 37: Bahraini Insurance Brokers; Gross Written Premiums – New Business (BHD Million), 2007-2011 ............................................ 33
Table 38: Bahraini Insurance Brokers; Gross Written Premiums – New Business (US$ Million), 2011-2016 ............................................. 34
Table 39: Bahraini Insurance Brokers; Gross Written Premiums – New Business (BHD Million), 2011-2016 ............................................ 34
Table 40: Bahraini Insurance Brokers; Number of New Policies Sold (Million), 2007-2011........................................................................ 35
Table 41: Bahraini Insurance Brokers; Number of New Policies Sold (Million), 2011-2016........................................................................ 36
Table 42: Bahraini Insurance Brokers; Number of Players (Absolute), 2007-2011 .................................................................................... 37
Table 43: Bahraini Insurance Brokers; Number of Players (Absolute), 2011-2016 .................................................................................... 38
Table 44: Bahraini Insurance Bancassurance; Value of Commissions (US$ Million), 2007-2011 .............................................................. 39
Table 45: Bahraini Insurance Bancassurance; Value of Commissions (BHD Million), 2007-2011.............................................................. 39
Table 46: Bahraini Insurance Bancassurance; Value of Commissions (US$ Million), 2011-2016 .............................................................. 40
Table 47: Bahraini Insurance Bancassurance; Value of Commissions (BHD Million), 2011-2016.............................................................. 40
Table 48: Bahraini Bancassurance; Share of Total Market Commissions (Percentage), 2007-2011.......................................................... 41
Table 49: Bahraini Bancassurance; Share of Total Market Commissions (Percentage), 2011-2016.......................................................... 42
Table 50: Bahraini Bancassurance; Gross Written Premiums – New Business (US$ Million), 2007-2011 ................................................. 43
Table 51: Bahraini Bancassurance; Gross Written Premiums – New Business (BHD Million), 2007-2011................................................. 43
Table 52: Bahraini Bancassurance; Gross Written Premiums – New Business (US$ Million), 2011-2016 ................................................. 44
Table 53: Bahraini Bancassurance; Gross Written Premiums – New Business (BHD Million), 2011-2016................................................. 44
Table 54: Bahraini Bancassurance; Number of New Policies Sold (Million), 2007-2011 ............................................................................ 45
Table 55: Bahraini Bancassurance; Number of New Policies Sold (Million), 2011-2016 ............................................................................ 46
Table 56: Bahraini Bancassurance; Number of Players (Absolute), 2007-2011......................................................................................... 47
Table 57: Bahraini Bancassurance; Number of Players (Absolute), 2011-2016......................................................................................... 48
Table 58: Bahraini Agencies; Value of Commissions (US$ Million), 2007-2011 ........................................................................................ 49
Table 59: Bahraini Agencies; Value of Commissions (BHD Million), 2007-2011 ........................................................................................ 49
Table 60: Bahraini Agencies; Value of Commissions (US$ Million), 2011-2016 ........................................................................................ 50
Table 61: Bahraini Agencies; Value of Commissions (BHD Million), 2011-2016 ........................................................................................ 50
Table 62: Bahraini Agencies; Share of Total Market Commissions (Percentage), 2007-2011 ................................................................... 51
Table 63: Bahraini Agencies; Share of Total Market Commissions (Percentage), 2011-2016 ................................................................... 52
Table 64: Bahraini Agencies; Gross Written Premiums – New Business (US$ Million), 2007-2011 ........................................................... 53
Table 65: Bahraini Agencies; Gross Written Premiums – New Business (BHD Million), 2007-2011 .......................................................... 53
Table 66: Bahraini Agencies; Gross Written Premiums – New Business (US$ Million), 2011-2016 ........................................................... 54
Table 67: Bahraini Agencies; Gross Written Premiums – New Business (BHD Million), 2011-2016 .......................................................... 54
Table 68: Bahraini Agencies; Number of New Policies Sold (Million), 2007-2011...................................................................................... 55
Personal Accident and Health Insurance Distribution Channels in Bahrain to
2016: Market Databook Page 4
© Timetric. This product is licensed and is not to be photocopied
Published: January 2013
Table 69: Bahraini Agencies; Number of New Policies Sold (Million), 2011-2016...................................................................................... 56
Table 70: Bahraini Agencies; Number of Players (Absolute), 2007-2011 .................................................................................................. 57
Table 71: Bahraini Agencies; Number of Players (Absolute), 2011-2016 .................................................................................................. 58
Table 72: Bahraini Other Distribution Channels; Value of Commissions (US$ Million), 2007-2011 ............................................................ 59
Table 73: Bahraini Other Distribution Channels; Value of Commissions (BHD Million), 2007-2011 ........................................................... 59
Table 74: Bahraini Other Distribution Channels; Value of Commissions (US$ Million), 2011-2016 ............................................................ 60
Table 75: Bahraini Other Distribution Channels; Value of Commissions (BHD Million), 2011-2016 ........................................................... 60
Table 76: Bahraini Other Distributio