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Pandemic ‘to hit insurance sector’

Bahrain Business
Fri, 16 Oct 2020
By Avinash Saxena
1 of 3

MANAMA: Covid-19-driven financial market volatility is expected to negatively impact solvency levels of Bahraini insurers this year, according to a new AM Best report, adding to the challenges faced by the kingdom’s (re)insurance sector – the smallest among the GCC countries. The special report titled Covid-19 Adds to Challenges for Bahrain’s Fragmented Insurance Market notes the Bahraini (re)insurance market is very competitive, with a large number of companies vying for a limited amount of premium.

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