Rise in accidents weighs on Bahrain Kuwait Insurance

February 10, 2014 1:34 pm

Bahrain Kuwait Insurance Company (BKIC) closed flat at BD0.54. BKIC achieved a net profit of BD 3.7 million for the year ending on December 31, 2013, as compared with BD4.2m in 2012. The insurer said in a filing that this decline is the result of increased losses due to the high rate of motor accidents. Fire and general accidents also recorded a few large losses.

Gérard Al-Fil