Private-sector insurer Alliance Assurances continues to call for deep and urgent revisions to legislation and regulations governing the insurance sector.
AMI Assurances has drawn up a development plan for up to 2025 that is based on six main axes.
Businesses like insurance and financial services are expected to see an increase in costs as a direct effect of Bahrain's proposed doubling of the value added tax (VAT) rate from 5% to 10%, an expert has said.
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