Insurance compagnies in the MENA zone: ranking of insurers in 2016

2016 positioning of the MENA top 50 insurers(1)

in thousands USD
CompaniesCountryTurnover Rank Net result Rank Shareholder's
equity
Rank
Qatar Insurance Company
Qatar2 721 497 1 289 037 1 2 327 576 1
Tawuniya
Saudi Arabia2 148 627 2 195 461 2 780 8884
Bupa Arabia
Saudi Arabia2 117 550 3 168 234 3 540 6967
Daman National Health
UAE1 425 030 4 NA - NA -
MedGulf
Bahrain1 150 000 5 NA - NA -
Oman insurance company
UAE968 174 6 21 485 20 532 9568
Orient insurance CO
UAE727 944 7 85 467 5 696 2555
Wafa Assurances
Morocco726 426 8 83 528 6 514 5779
Gulf Insurance Group
Kuwait698 698 9 47 219 10 333 508 14
ADNIC
UAE646 889 10 55 827 9 480 77610
Royale Marocaine d'Assurance (RMA)
Morocco582 015 11 74689 7 562 1516
MALATH Insurance
Saudi Arabia578 254 12 - 38 374 47 23 836 46
AlRajhi Takaful
Saudi Arabia519 783 13 23 640 18 114 528 29
Misr insurance
Egypt499 000 14 89 000 4 1 036 0003
Saham Assurance
Morocco436 213 15 28 008 14 362 121 12
Axa Maroc
Morocco390 129 16 9 634 32 414 363 11
AXA Cooperative
Saudi Arabia307 811 17 8 026 33 133 250 24
Emirates Insurance
UAE278 273 18 23 740 18 286 678 18
Mutuelle Attamine Chaabi
Morocco272 037 19 3 178 40 9 038 47
WALAA Insurance
Saudi Arabia271 170 20 30092 12 116 162 27
National Life Insurance
Oman263 208 21 12 210 27 115 270 28
Al Ain Ahlia
UAE262 582 22 16 953 23 317 284 16
Trade Union
Saudi Arabia254 5992311 993 29 79 362 36
Société Algérienne d’Assurance
Algeria244 186 24 28 366 13 321 570 15
Union Insurance
UAE238 853 25 2 841 46 81 282 34
Allianz Saudi Franzi
Saudi Arabia223 067 26 6 914 36 59 044 39
United Cooperative Assurance (UCA)
Saudi Arabia218 619 27 26 612 16 103 92530
Saudi Arabian Insurance Company
Saudi Arabia213 874 28 13 561 26 79 525 35
Islamic Arab Insurance (Salama)
UAE211 759 29 - 32 238 48 163 506 29
Compagnie Algérienne d'Assurance Transport (CAAT)
Algeria205 480 30 21 241 21 193 010 19
Al Ahleia Insurance
Kuwait202 441 31 30 148 11 351 570 13
Arabian Shield
Saudi Arabia201 247 32 18 807 22 93 402 31
Atlanta Assurances
Morocco192 581 33 15 991 24 120 674 26
Al Buhaira National
UAE191 486 34 11 635 30 175 800 20
Arabia
Lebanon181 250 35 - 1302 41 90 112 33
SANAD Assurances
Morocco173 909 36 7 648 35 79 357 37
Qatar General Insurance
Qatar173 148 37 70 984 8 1 762 000 2
Shiekan Insurance
Sudan167 550 38 12 100 28 3 800 48
Arab Orient Insurance
Jordan156 091 39 1 707 43 47 889 42
Misr life
Egypt154 800 40 26 620 15 92 830 32
Salama
Saudi Arabia152 403 415 683 38 51 52840
National General Insurance
UAE149 781 42 7 744 34 121 963 25
WAFA Insurance
Saudi Arabia146 922 43 15 913 25 32 295 45
Doha insurance (QSC)
Qatar141 693 44 23 778 17 295 208 17
Dhofar Insurance
Oman143 894 45 -17 8554645 79943
STAR Assurances
Tunisia140 572 46 6 767 37 142 658 22
Compagnie Algérienne d'Assurance et de Réassurance (CAAR)
Algeria137 035 47 5 461 39 137 035 23
Allied Cooperative Insurance Group (ACIG)
Saudi Arabia136 505 48 2 228 42 33 383 48
Wataniya
Saudi Arabia135 426 49 10 335 31 49 44141
Allianz SNA
Lebanon132 460 50 7 236 3660 315 38

(1) Ranking of the 50 insurers per turnover
NA: not available
Sources: companies'reports, countries'reports, Al Bayan Magazine

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