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 .