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AXA Bahrain Launches Health Insurance Online

Whether you live in Bahrain or travelling abroad you'll want to make sure that, if anything happen to you or your family, you have access to the best possible medical care. To ensure you have the best health insurance covers in an easy, fast and accessible manner, AXA in the Gulf has launched its online health insurance plans, first of its kind in the Kingdom of Bahrain. Through the new online health insurance solution, AXA provides a wide range of products for you and your family whether international, regional or local covers.

With the flexibility of AXA plans, it's easy to find the right level of cover to suit your requirements at an affordable price. The online solution process is as simple as logging to www.axa-gulf.com; choosing the right health insurance plan and following simple steps to get a quote in a few minutes. Also, consumers will have the choice to purchase online and seek counsel from a licensed agent over the phone for doubts and clarifications.

"Our goal at AXA is to become a one-stop-shop for a broad selection of affordable and innovative health insurance products. Consumers will have now more options, and can make better choices when applying for a health insurance plan with AXA," said Stephen Wagstaff- AXA Bahrain Country Manager.

AXA online solutions come as well with the online medical provider locator service, making it possible for customers to locate a provider on the move, with their smart phones or tablets. The locator offers best-in-class features and a simple user-friendly, customs experience that enables to find the list of preferred providers in real time across anywhere in the globe.

With this new online offer, AXA provides a full multi-access option for customers to sign up for their health insurance plans. Customer can get an instant quote online on www.axa-gulf.com and then decide to buy either online, through calling our call centre on 8001060 or going to any of AXA Gulf's shops to finalize the purchase of their insurance policy. AXA achieved unique success in offering creative ideas, global reach and highly flexible service capabilities matching the best-in-class insurance solutions to make its customers' lives easier. The company will continue to invest and innovate to remain close to its customers, listen and respond to their expectations to improve their experience to gain their trust.

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Bahrain Travel Advice and Warnings: 30 November 2013 March Planned

Take out comprehensive travel and medical insurance before you travel. Around 8,000 to 10,000 British nationals live in Bahrain, and thousands more visit each year. Most visits are trouble free.

Female visitors should take care when travelling alone at night. You should use one of the reputable taxi companies.

On Saturday, 30 November, a march is planned from the entrance of Daih village to Daih Cemetery, starting at 1530. Demonstrations, protests and disruption are expected to continue. These activities may include attempts to disrupt traffic, protests in villages and near economic centres, burning tyres, throwing Molotov cocktails, and the possible use of improvised explosive devices. As a result there could be clashes between government security forces and protesters. While there have been no direct threats or attacks on UK citizens to date, it is strongly recommended that you maintain a constant awareness of your surroundings wherever you are on the island.

Violent protests do pose a risk to those who might inadvertently find themselves in the vicinity of an active demonstration. If you encounter a large public gathering or demonstration, leave the area immediately. Likewise, if you see any suspect item, do not approach it or touch it. Move away from the vicinity and notify the police, calling 999 or the Police Hotline 8000 8008.

We would also like to draw your attention to a recent reminder from the Ministry of Interior regarding the compulsory carrying of photographic ID for all residents of and visitors to Bahrain. Under Bahraini law, it is an offence not to be able to present photographic ID, if asked to do so by a member of the Bahraini authorities, and you may be subject to a fine of up to 300BHD.

Travel on the main routes during daylight hours is generally orderly. There are some police checkpoints. In September 2012 the Ministry for the Interior issued a warning about explosive devices on major highways. Don’t approach or touch any suspect item; move away from it and call the police on 999 or 8000 8008.

During demonstrations, roads can become blocked, resulting in diversions. These may re-route you to areas you are unfamiliar with. You should familiarise yourself with alternative routes to and from areas you frequent.

Developments in Syria, Iraq and on the Middle East Peace Process continue to have an impact on local public opinion in the region. You should be aware of local sensitivities on these issues. Follow news reports and be alert to local and regional developments, which may trigger public disturbances.

The Government of Bahrain has imposed a curfew on the waterways around Bahrain between 6pm and 4am. You should respect this curfew.

You must have legal status in Bahrain when you depart.

There is a general threat from terrorism. Terrorists continue to issue statements threatening to carry out attacks in the Gulf region.  

 

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New Report Available: Bahrain Insurance Report Q3 2013

As of mid-2013, it appears that Bahrain's insurance sector is in something of a hiatus. As is the case in the rest of the region, the life segment is dominated by the local subsidiaries of multi-national insurers that are selling products and solutions to expatriates.

Official data points to a (small) fall in life premiums in 2011 and, for most companies, a fall in the numbers of policies. It is difficult to avoid the conclusion that the unrest which began in early 2011 has resulted in a reduction in the numbers of expatriate workers. Data about the development of life insurance through 2012 is fairly scant.

Nevertheless, this challenge is, almost certainly, temporary in nature. If the economy grows and develops as BMI envisages, it is virtually certain that the number (and wealth) of expatriate workers will increase: their demand for innovative savings solutions will grow also.

Indications from the non-life segment are mixed. According to the Central Bank of Bahrain (CBB), which regulates the insurance sector, overall premiums rose. Comments from particular companies, and the well documented problems of key areas of the economy such as the construction sector, suggest that times have been hard for many players in the non-life segment.

As is the case across much of the Middle East and North Africa (MENA) region, the industry is fragmented, lacking in pricing power and (with some exceptions) unable to achieve regional economies of scale. The unrest that began in early 2011 led to an increase in claims. Some companies appear to have suffered from further sharp rises in claims through 2012 as well. For many companies, investment profits have been unimpressive.

Meanwhile, reinsurance remains something of a wildcard for Bahrain. Bahrain is not a major reinsurance centre like Singapore or Bermuda, but it is an unusual market in that the reinsurance premiums that are booked are about 50% larger than the direct insurance premiums written. Arig reported that its reinsurance premiums for the first three quarters of the year were about 7% higher than they had been in 2011.

The company's profitability was hurt by disappointing investment returns and by higher claims, partly due to damages relating to the Arab Spring but mainly because of exposures to the massive natural catastrophes that took place last year. Other major reinsurers writing business in Bahrain include local group Trust International, Hannover Re, Hannover Re Takaful and ACR Retakaful.

If the CBB is able to attract one or two more substantial insurance groups to start operations in Bahrain - or if existing players dramatically increase their volume of business - Bahrain could emerge as an important provider of reinsurance cover to insurance companies that are operating throughout the region.

Get a copy of the report @ http://www.fastmr.com/prod/640212_bahrain_insurance_report_q3_2013.aspx

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Medical, Healthcare, Expatriate And Travel Insurance

A guide to leading international medical, healthcare, expatriate and travel insurance underwriters, companies, providers, operating within leisure, expatriate and corporate travel business markets, globally.

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