Magazine date:
Jan 2020 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 [4]
