Insurance & Reinsurance · Bahrain & GCC
Insurance advisory grounded in the Rulebook that governs it.
SRR advises insurers, takaful operators, and reinsurers within the CBB regulatory environment: capital and solvency, risk frameworks, IFRS 17, and technical accounting, framed in terms a regulator, a board, or an audit committee will recognise.
The short answer
What does insurance and reinsurance advisory under the CBB regime cover?
It covers gap reviews against the CBB Volume 3 Capital Adequacy and Risk Management modules, regulatory capital and solvency assessment against the Required Solvency Margin, enterprise risk frameworks and their supporting documentation, and IFRS 17 and technical accounting support for insurers. Work is grounded in the specific modules of the Rulebook rather than in general regulatory principle, so positions hold up under examination.
Conventional insurers, takaful operators, and reinsurers each sit within their own licence category, and the capital, solvency, risk, and reporting positions are framed for that category. SRR is a management and business advisory consultancy: framework design, controls, and reporting sit with SRR, while actuarial measurement is delivered by a qualified actuary within the FinSoul Network and the statutory audit sits with a registered auditor.
Source: CBB Rulebook Volume 3. Checked 25 August 2026.
- Regulatory frame
- CBB Volume 3
- The Rulebook governing insurance and reinsurance licensees in Bahrain, including the Capital Adequacy and Risk Management modules.
- Solvency measure
- Required Solvency Margin
- Regulatory capital and solvency positions are assessed against the Required Solvency Margin, with the forward-looking view the regime expects.
- Reporting standards
- IFRS 17, IAS 19
- Technical accounting for insurers, including IFRS 17 for insurance contracts, with actuarial specialisms delivered through the network.
What We Handle
Sector depth, applied at provision level.
Frameworks, capital positions, and reporting built against the modules of Volume 3, so they are defensible under examination rather than general in tone.
- CBB Volume 3 gap reviews against the Capital Adequacy and Risk Management modules
- Regulatory capital and solvency assessment against the Required Solvency Margin
- Enterprise risk frameworks, risk appetite, and the supporting policy and control documentation
- IFRS 17 measurement and reporting support for insurance and reinsurance contracts
- IAS 19 and technical accounting support for insurers
- Governance, controls, and reporting documentation structured for CBB examination
- Coordination with actuarial specialists within the FinSoul Network
Who It Is For
Where insurers and reinsurers come to us.
A CBB examination or thematic review is coming
You need frameworks, capital positions, and documentation that a regulator can follow, framed against the modules of Volume 3 rather than as general principle.
Your risk framework has drifted from the Rulebook
Policies and controls exist, but ownership, escalation, and evidence are not clear, and the framework no longer maps cleanly to the Capital Adequacy and Risk Management modules.
You are implementing or refining IFRS 17
Insurance contract measurement, disclosures, and the surrounding data need to hold up under both audit and CBB scrutiny, with actuarial input on the measurement.
You are a takaful or reinsurance operator with specific structures
A conventional, takaful, or reinsurance structure that needs its capital, solvency, and reporting positions framed for its licence category rather than a generic template.
How It Works
From Rulebook scope to ongoing readiness.
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Scope against the Rulebook
We establish which modules and requirements apply to your licence category, and review the current position against them at provision level.
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Framework and capital
We structure or refine the risk framework, risk appetite, and the capital and solvency assessment against the Required Solvency Margin, with a forward-looking view.
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Reporting and measurement
We support IFRS 17 and technical accounting, coordinating actuarial measurement through the network, and prepare documentation examiners and auditors can follow.
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Ongoing readiness
We keep the frameworks and reporting current, so an examination or a thematic review is a confirmation exercise rather than a reconstruction.
What Goes Wrong
What an examination exposes.
General principle instead of provision-level fluency
Frameworks written to the idea of the regime rather than to the specific modules of Volume 3 do not survive an examination that tests against the Rulebook provision by provision.
A solvency position with no forward view
A capital position assessed only at a point in time, without the forward-looking view the regime expects, leaves the institution exposed to questions it should have answered in advance.
Frameworks nobody owns
Policy, control, and reporting documentation without clear ownership, escalation, and evidence reads to a regulator as paper rather than practice.
IFRS 17 treated as accounting alone
Insurance contract measurement needs actuarial input. Handling IFRS 17 as a presentation exercise, without that input, produces numbers that do not stand up.
Common Questions
Insurance and reinsurance advisory, answered.
What is CBB Volume 3, and who does it apply to?
Volume 3 of the CBB Rulebook governs insurance and reinsurance licensees in Bahrain. It includes the modules that set out capital adequacy, risk management, and conduct requirements for insurers, takaful operators, and reinsurers. Advisory work in this sector is grounded in those specific modules rather than in general regulatory principle.
How do you assess capital and solvency?
Regulatory capital and solvency positions are assessed against the Required Solvency Margin, with the forward-looking view the regime expects rather than a single point-in-time number. The aim is that the institution can answer a regulator’s capital questions before they are asked, not during an examination.
Do you provide the actuarial work for IFRS 17?
The actuarial measurement is delivered by a qualified actuary within the FinSoul Network. SRR structures the surrounding data, reporting, disclosures, and governance, and coordinates the actuarial input. This keeps framework design, controls, and reporting with SRR while the actuarial valuation sits with the actuary.
Does SRR perform the statutory audit of an insurer?
No. SRR Consultants is a management and business advisory consultancy and is not a licensed audit firm. We provide risk, controls, reporting, and technical accounting advisory. The statutory audit and audit opinion are carried out and signed by a separately registered auditor.
Can you support takaful and reinsurance structures specifically?
Yes. Conventional insurers, takaful operators, and reinsurers each sit within their own licence category and structure. We frame the capital, solvency, risk, and reporting positions for the specific category rather than applying a generic insurance template.
How does this connect to your wider advisory practice?
Insurance and reinsurance advisory draws on the same risk, compliance, and reporting benches as the rest of our advisory and assurance practice, with the sector depth of CBB Volume 3 on top. Engagements are led by ACA and ACCA qualified practitioners, with actuarial specialisms available through the network.
Part of our advisory and assurance practice. See also actuarial services, risk advisory, and internal audit and controls testing.
Ready for the regulator, not just the deadline.
A short call with a senior practitioner is the quickest way to scope a Volume 3 review, a solvency position, or IFRS 17 support.