The Shura Council, the upper house of the National Assembly, has passed a proposal to make professional liability insurance compulsory in the healthcare industry.
Takaful International, the first Islamic insurance company in Bahrain, has formed a partnership with Zain Bahrain, part of Zain Group, a leading telecommunications operator across the Middle East and Africa, which provides mobile voice and data services.
Arab Insurance Group (Arig) has announced positive financial results for 2024, with net profit amounting to $26.44m attributable to shareholders, almost 90% higher than the $13.98m chalked up for 2023.
The GCC healthcare industry is poised for strong growth driven by macro-economic factors, the expansion of mandatory health insurance and a growing and ageing population, according to UAE-based Alpen Capital, an investment banking advisory firm.
Takaful International Company has announced that the first Islamic Insurance Company in Bahrain, says that its total net profit reached BHD1.65m ($4.38m), representing a 9% growth from BHD1.51m in 2023, mainly attributed to strong investment performance.
More than 90% of public healthcare workers in Bahrain experience moderate to high levels of occupational stress, which leads to reduced job performance according to a new study report.
Solidarity Bahrain, one of the largest insurers of Bahrain, has introduced a pioneering mobile application, 'Solidarity Drive', aimed at promoting safer driving behaviours across Bahrain.
Solidarity Bahrain and Bahrain National Holding Company (BNH) have signed the final sale and purchase agreement by which the former acquires the latter.
The Social Insurance Organisation (SIO) announced a 1% increase in employer contributions to mandatory social insurance, effective January 2025. According to a circular sent to the owners of companies, the total employer contribution will rise to 17%.
Doctors in Bahrain will likely be required to acquire medical liability insurance to protect against claims of medical errors, under a proposed law that seeks to consolidate scattered and outdated liability regulations into a single framework.