Souqalmal.com is set to expand into Bahrain after the insurance comparison website received an e-broker license to operate in the kingdom.

Founder and CEO, Ambareen Musa, said: “Boasting one of the highest online and mobile penetration rates in the world, and a rapidly transforming digital landscape, Bahrain was the ideal market for us to expand into.

“We pride ourselves on bringing an unmatched level of transparency in the insurance marketplace and transforming the way UAE residents buy insurance. Our aim is to bring the same set of technologies and efficiencies to the Bahrain insurance sector.”

Read more about the launch on Arabian Business.