Bahrain insurance market up 9% in Q3 2012
- Bahrain: Wednesday, January 23 - 2013 at 05:14
Bahraini central bank has said the kingdom's insurance market has witnessed a 9% year-on-year increase in its gross premiums during the third quarter of 2012 to BD184.11m ($480.6m) by the end of September 2012. The rise was mainly due to a surge in long-term insurance (Life & Savings Products), registering around 17% increase in gross premiums to reach BD42.34m in September 2012 from BD36.06m the previous year, representing almost 23% of the gross premiums written in September 2012, the central bank said.
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