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CI-1.1.2

Past version: Effective from 19 Jul 2025 to 30 Jun 2007
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Like many regulatory authorities, Bahrain differentiates between captive insurers, and insurance firms whose business does not generally originate from within their owning group. This differentiation is on the basis that:

(a) a captive's obligations (through its insurance policies) are to its owners, not third parties (some captives, though may insure liability risks);
(b) a captive's risk exposures (through its insurance policies) will generally be more concentrated and, at the same time, potentially more limited than conventional insurers; and
(c) a captive will usually be managed by a specialised third party insurance manager.