Middle East - Q1 2013


Insurance Risk/Reward Ratings

Table: Bahrain's Insurance Risk/Reward Ratings
Data Sub-rating score, out of 10 Rating score, out of 100
Rewards      43.88
Industry rewards      28.75
- Non-life        35.0
Non-life premiums, 2012, US$mn      445.6          1.0
Non-life premium increase, 2012-16, US$mn      151.4          2.0
Non-life penetration, 2012,%1.6          4.0
Measure of openness          7.0          7.0
- Life        22.5
Life premiums, 2012, US$mn133.2          1.0
Life premium increase, 2012-16, US$mn        17.7          -  
Life penetration, 2012,%0.5 1.0
Measure of openness          7.0          7.0
Country rewards        66.6
GDP per capita, 2012, US$20,103.7          9.0
Active population, 2012, % of total77.4          7.0
Tax regime        97.9          9.8
GDP volatility        22.4          -  
Financial infrastructure        75.0          7.5
Risks 70.9
Regulatory framework        85.0
Regulatory framework and development          8.0          8.0
Regulatory framework, competitive landscape          9.0          9.0
Country risks        61.4
Long-term financial risk        57.5          5.8
Long-term external risk        56.7          5.7
Long-term policy continuity        90.0          9.0
Legal framework        51.0          5.1
Bureaucracy        52.0          5.2
Insurance Risk/Reward Rating 52
Source: BMI

The Insurance Risk/Reward Ratings (RRRs) take into account objective measures of the current state and long-term potential of both the non-life and the life segments. It also takes into account an assessment of the openness of each segment to new entrants and economic conditions. Collectively, these measures enable an objective assessment of the limits to potential returns across all countries and over a period of time. The rating incorporates an objective assessment of the risks to the realisation of returns. The risk assessment is based on BMI's country risk ratings. It embodies a subjective assessment of the impact of the regulatory regime on the development and the competitive landscape of the insurance sector.

Table: Middle East and Africa Insurance Risk/Reward Ratings
Industry Rewards Industry Rewards - Non-Life Industry Rewards - Life Country Rewards Rewards Regulatory Framework Country Risks Risks Insurance Risk/ Reward Rating: Rank
South Africa70.0065.0075.0073.5971.4365.0069.9067.9470.391
Israel57.5055.0060.0073.5463.9180.0074.3276.5967.722
UAE38.7547.5030.0069.6051.0970.0059.7963.8754.923
Saudi Arabia28.7545.0012.5077.3648.1960.0062.2961.3752.154
Bahrain 28.75 35.00 22.50 66.58 43.88 85.00 61.43 70.86 51.97 5
Oman23.7530.0017.5073.6443.7065.0063.3364.0049.796
Morocco32.5037.5027.5059.0143.1070.0049.5657.7447.497
Jordan23.7532.5015.0068.0041.4570.0048.2356.9446.108
Kuwait15.0020.0010.0072.7338.0950.0068.5161.1145.009
Qatar18.1331.255.0070.2138.9655.0060.6658.4044.7910
Egypt31.2532.5030.0058.2542.0560.0043.3350.0044.4311
Tunisia21.2530.0012.5052.7733.8655.0038.6345.1837.2512
Kenya28.7535.0022.5045.9035.6145.0038.2540.9537.2113
Algeria17.5027.507.5044.5428.3150.0043.7846.2733.7014
Iran27.5040.0015.0045.7134.7820.0037.1030.2633.4315
Nigeria20.0030.0010.0042.8129.1225.0049.5939.7532.3116
Libya3.755.002.5044.0019.8530.0031.0030.6023.0817
Source: BMI
This article is tagged to:
Sector: Insurance
Geography: Middle East, United Arab Emirates, Bahrain, Egypt, Iran, Kenya, Kuwait, Nigeria, Oman, Saudi Arabia, South Africa

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