MENA insurance market in 2018: Ranking of the top 50 insurers by turnover

MENA insurance market : Top 50 companies according to 2018 turnover

in USD

Rank 2018	Companies	Country	2018	2017	2017/2018 evolution *
1	Qatar Insurance Company	Qatar	3 460 977 300	3 179 292 710	8.12%
2	Bupa Arabia	Saudi Arabia	2 280 527 000	2 063 154 000	10.78%
3	Tawuniya	Saudi Arabia	2 039 448 000	2 242 899 000	-9.10%
4	Daman Health	United Arab Emirates	1 370 000 000	1 498 860 000	-8.59%
5	Gulf Insurance Group	Kuwait	1 101 096 689	1 006 586 200	10.16%
6	Oman Insurance Co	United Arab Emirates	1 007 225 836	1 012 105 200	-0.51%
7	Orient Insurance	United Arab Emirates	1 001 409 060	1 096 149 400	-8.67%
8	Wafa Assurance	Morocco	875 272 000	857 304 000	3.99%
9	ADNIC	United Arab Emirates	792 161 669	719 505 443	10.07%
10	Al Rajihi Takaful	Saudi Arabia	791 600 000	852 019 000	-6.89%
11	RMA	Morocco	684 209 000	662 877 000	5.13%
12	MedGulf	Saudi Arabia	550 914 000	711 246 000	-22.37%
13	SAHAM Assurance	Morocco	546 138 000	516 099 000	7.78%
14	Misr Insurance	Egypt	477 572 644	389 363 875	21.09%
15	Mutulle Taamine Chaabi	Morocco	444 694 000	414 125 000	9.37%
16	Axa Assurance	Morocco	442 404 000	437 832 000	2.92%
17	Al Ain Al Ahlia	United Arab Emirates	412 336 307	377 948 883	9.07%
18	Axa Cooperative	Saudi Arabia	384 902 000	400 060 000	-3.58%
19	National Life Insurance	Oman	350 515 000	298 311 000	17.45%
20	Walaa	Saudi Arabia	294 151 000	294 102 000	0.24%
21	Salama UAE	United Arab Emirates	289 412 119	219 944 677	31.55%
22	Emirates Insurance	United Arab Emirates	284 067 459	293 277 535	-3.17%
23	Al Ahleia Insurance	Kuwait	275 424 664	237 728 478	16.67%
24	Union UAE	United Arab Emirates	259 175 719	285 597 140	-9.27%
25	ATLANTA	Morocco	254 374 000	241 872 000	7.12%
26	SAICO	Saudi Arabia	252 898 000	214 661 000	18.07%
27	Trade Union	Saudi Arabia	247 515 000	221 777 000	11.85%
28	Allianz	Saudi Arabia	231 793 000	246 933 000	-5.92%
29	SAA	Algeria	231 673 000	228 141 000	20.10%
30	Misr Life	Egypt	221 813 999	182 175 918	20.21%
31	Bahrain Kuwait Insurance	Bahrain	215 745 828	157 168 103	37.14%
32	SANAD	Morocco	211 462 000	204 565 000	5.29%
33	CAAT	Algeria	201 935 000	198 901 000	17.52%
34	Salama	Saudi Arabia	195 660 000	200 284 000	-2.09%
35	Malath	Saudi Arabia	194 087 000	193 958 000	0.29%
36	Marocaine Vie	Morocco	190 874 000	183 563 000	5.91%
37	Wataniya	Saudi Arabia	189 628 000	154 397 000	23.09%
38	Doha Insurance (QSC)	Qatar	171 299 410	148 123 148	14.86%
39	Arab Shield	Saudi Arabia	166 408 000	158 233 000	5.40%
40	Takaful Emarat	United Arab Emirates	163 108 185	158 860 856	2.65%
41	Qatar General Insurance	Qatar	150 070 128	137 764 897	8.19%
42	MCMA	Morocco	148 318 000	135 170 000	11.76%
43	ALLIANZ SNA	Libanon	145 073 000	140 072 000	3.57%
44	Allianz Assurance Maroc	Morocco	142 944 000	132 688 000	9.73%
45	Al Buhaira National Insurance	United Arab Emirates	134 941 164	146 280 603	-7.78%
46	Allied Cooperative Insurance Group (ACIG)	Saudi Arabia	133 108 000	114 717 000	16.29%
47	Wafa	Saudi Arabia	133 104 000	133 399 000	0.00%
48	MetLife Egypt	Egypt	132 494 782	119 783 378	9.20%
49	CAAR	Algeria	127 182 000	130 324 000	11.03%
50	ALICO	Libanon	123 352 000	120 859 000	2.06%
Grand total			25 126 494 962	24 471 058 445

* Variation in local currency
Sources: Regulatory authorities and company reports

Read also | MENA reinsurance market

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Mon, 20/01/2020 - 10:41

MENA insurance market in 2018: Ranking of the top 50 insurers by turnover

MENA insurance market : Top 50 companies according to 2018 turnover

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