MENA zone reinsurers: technical ratios 2018-2020
| Company | Country | Non-life loss ratio in % | Non-life combined ratio in % | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2018 | 2019 | 2020 | 3-year average | 2018 | 2019 | 2020 | 3-year average | ||
International General Insurance (IGI) | Jordan | 46.5 | 54.8 | 53.5 | 51.6 | 88.9 | 94.1 | 89 | 90.6 |
Société Centrale de Réassurance | Morocco | 60.3 | 40.7 | 56.3 | 52.4 | 92.2 | 84.6 | 90.5 | 89.1 |
Compagnie Centrale de Réassurance | Algeria | 52.7 | 59.5 | 52.7 | 54.9 | 84.1 | 85 | 79 | 82.7 |
Saudi Re | Saudi Arabia | 63.2 | 63.6 | 58.2 | 61.7 | 98.1 | 95.4 | 94.7 | 96.1 |
Arab Insurance Group | Bahrain | 84 | 59.5 | 43 | 62.2 | 118.3 | 96.4 | 90.5 | 101.7 |
Milli Re | Turkey | 93.9 | 89.2 | 88.8 | 90.6 | 128.9 | 122.4 | 123.9 | 125.1 |
Hannover Re Takaful | Bahrain | 69.1 | 63.8 | 63.2 | 65.4 | 101.6 | 102.8 | 100.4 | 101.6 |
Kuwait Re | Kuwait | 63.9 | 65.9 | 68.8 | 66.2 | 96.2 | 96.5 | 97.3 | 96.7 |
Oman Re | Oman | 55.2 | 66.5 | 62.1 | 61.3 | 91.5 | 101.7 | 97.9 | 97 |
Arab Re | Lebanon | 69.6 | 71.1 | 72.6 | 71.1 | 105.4 | 105.7 | 104 | 105 |
Tunis Re | Tunisia | 71 | 62.8 | 59.4 | 64.4 | 108 | 99.6 | 96.9 | 101.5 |
Trust Re | Bahrain | 73 | 88.9 | - | 81 | 102.9 | 150 | - | 126.5 |
Sources : AM Best and Atlas Magazine
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