Purpose – This study aims to investigate the institutional changes brought about by the COVID-19
pandemic on the Bahraini insurance sector. This study also examines how those changes affected the risk
management practices.
Design/methodology/approach – This study deploys a qualitative methodology with a case study
design. The data are collected from multiple sources such as semi-structured interviews, documents and
website analyses.
Findings – The COVID-19 pandemic has resulted in an institutional change in the Bahraini insurance
sector. Pre-COVID-19, the professional logic was the dominant institutional logic. Then, the COVID-19
pandemic and its related uncertainties made the economic logic the most dominant logic. Accordingly, risk
officers are currently responding to the crisis by being more risk-averse than risk managers. This study
presents an inclusive institutional understanding of risk management as informed by the professional logic
and socio-political and economic logics.
Practical implications – This study has implications for regulators and insurance customers by giving a
snapshot of how insurers’ risk officers respond to the COVID-19 pandemic, which can help envisage their
plans and actions.
Originality/value – This study contributes to risk management and institutional logics literature by
illustrating how changes in risk management practices in emerging markets are an operational manifestation
of sustaining profits and maintaining the positions of risk officers. This extends the risk management
literature by bringing early evidence from an emerging market regarding risk officers’ behaviours and control
plans during the COVID-19 pandemic. Moreover, this study extends the institutional logics literature by
exploring the micro-level impacts of logics in an emerging insurance market.