According to a report issued by Alpen Capital, “the size of the insurance market in the Kingdom of Bahrain may reach US$ 800 million in 2028, recording a compound annual growth rate of 2.6% during the period from 2023 to 2028.” “The life insurance sector is also expected to grow at a CAGR of 4.5% over the forecast period, while the general (non-life) insurance sector may grow at a CAGR of 2.3% to reach $0.7 billion by 2028.
