The insurance industry in the Maghreb: ranking of companies per 2016 turnover

The insurance industry in the Maghreb: 2016 ranking of companies per turnover

in millions

Ranking	Companies	Class of business	Country	2016 premiums		2015 premiums		2015/2016 evolution⁽²⁾
Ranking	Companies	Class of business	Country	In LC⁽¹⁾	In USD	In LC⁽¹⁾	In USD	2015/2016 evolution⁽²⁾
1	Wafa Assurance	C	Morocco	7 314	726	6 407	651	14.1%
2	Royale Marocaine d'Assurances	C	Morocco	5 860	582	5 548	564	5.6%
3	Saham Assurance	C	Morocco	4 392	436	3 773	383	16.4%
4	AXA Assurance Maroc	C	Morocco	3 928	390	3 887	395	1%
5	Mutuelle Attamine Chaabi	L	Morocco	2 739	272	210	21	1206.8%
6	Société Algérienne d’Assurance (SAA)	NL	Algeria	26 875	244	27 413	257	-2.0%
7	Compagnie Algérienne d'Assurance Transport (CAAT)	NL	Algeria	22 615	205	21 160	198	3.5%
8	Atlanta Assurances	C	Morocco	1 939	193	1 761	179	10.1%
9	Sanad Assurances	C	Morocco	1 751	174	1 657	168	5.7%
10	La Marocaine Vie	L	Morocco	1 484	147	1 360	138	9.1%
11	STAR Assurances	C	Tunisia	322	141	305	151	5.4%
12	Compagnie Algérienne d'Assurance et de Réassurance (CAAR)	NL	Algeria	15 082	137	16 638	156	-9.4%
13	Mutuelle Centrale Marocaine d'Assurance	C	Morocco	1 315	131	1 607	163	-18.2%
14	Allianz Maroc⁽³⁾	C	Morocco	1 212	120	1 250	127	-3%
15	Caisse Nationale de Mutualité Agricole (CNMA)	NL	Algeria	12 649	115	12 452	117	1.6%
16	CASH Assurances	NL	Algeria	9 887	90	9 946	93	-0.6%
17	Mutuelle Agricole Marocaine d'Assurance	NL	Morocco	858	85	847	86	1.3%
18	Compagnie Internationale d'Ass. et de Réas. (CIAR)	NL	Algeria	9 182	83	9 079	85	1.1%
19	COMAR Assurances	C	Tunisia	171	75	162	80	5.7%
20	AMI Assurances	C	Tunisia	156	68	138	68	12.9%
21	Compagnie d'Assurance Transport (CAT)	NL	Morocco	634	63	631	64	0.4%
22	GAT Assurances	C	Tunisia	138	60	133	66	3.1%
23	Assurances Maghrebia	NL	Tunisia	137	59.6	121	59	13.2%
24	Astrée Assurances	C	Tunisia	131	57	124	62	5.2%
25	Saham Assistance	NL	Morocco	470	47	333	34	41.1%
26	Salama Assurances	NL	Algeria	5 019	45	4 707	44.5	6.6%
27	Maroc Assistance Internationale	NL	Morocco	435	43.2	433	44	0.6%
28	CARTE Assurances	NL	Tunisia	99	43	87	43	13.3%
29	Assurances BIAT	C	Tunisia	96	42	78	39	22.9%
30	Mutuelle Assurance de l'Enseignement (MAE)	C	Tunisia	96	41.8	91	45	5.2%
31	Alliance Assurances	NL	Algeria	4 565	41.4	4 432	41	3%
32	Groupe CTAMA	C	Tunisia	79	34	72	35	10.2%
33	Lloyd Assurances	C	Tunisia	76	33	75	37	0.5%
34	L'Algérienne des Assurances	NL	Algeria	3 627	32.9	3 594	34	0.9%
35	Assurances SALIM	C	Tunisia	73	32	61	30.6	19.1%
36	GAM Assurances	NL	Algeria	3 329	30	3 203	30	3.9%
37	Mutuelle d'Assurances des Transporteurs (MATU)	NL	Morocco	293	29	265	27	10.5%
38	AXA Assurances Algérie Dommage	NL	Algeria	2 569	23.3	2 496	23.4	2.9%
39	Attijari Assurances	L	Tunisia	53	23	48	23.5	11.6%
40	Trust Algeria	NL	Algeria	2 453	22.3	2 152	20.2	14%
41	Assurance Hayett	L	Tunisia	51	22	39	19	32.2%
42	Wafa IMA Assistance	NL	Morocco	209	21	177	18	18.3%
43	Maghrebia Vie	L	Tunisia	46	20.7	42	21	10.2%
44	Taamine Life Algérie(TALA)	L	Algeria	2 191	20	2 131	19	2.8%
45	CAARAMA Assurance	L	Algeria	2 069	19	1 784	17	16%
46	Cardif El Djazair	L	Algeria	1 768	16	1 565	15	13%
47	Zitouna Takaful	C	Tunisia	36	15.5	27	13	31%
48	AMANA Assurances⁽³⁾	L	Algeria	1 697	15.4	1 479	14	14.8%
49	CARTE Vie	L	Tunisia	34	14.7	29 001	14 345	16.7%
50	AXA Assurances Algérie Vie	L	Algeria	1 550	14	1 290	12	20.2%
51	Macir Vie	L	Algeria	1 428	13	1 358	12.7	5.2%
52	Euler Hermes ACMAR	NL	Morocco	116	11	108	11	7.1%
53	AXA Assistance Maroc	NL	Morocco	107	10.6	152	15	-29.8%
54	El Amana Takaful	C	Tunisia	22	9.6	12	6	77.1%
55	GAT Vie	L	Tunisia	19	8	13	6.6	38.3%
56	Assurances At-Takafulia	C	Tunisia	13	5.6	9	4.7	34.3%
57	COTUNACE	NL	Tunisia	11	4.8	9.8	4 875	12.9%
58	Le Mutualiste	L	Algeria	507	4.6	467	4.4	8.6%
59	Coface Maroc	NL	Morocco	46	4.5	18	1.8	157%
60	MAATEC	NL	Algeria	469	4.3	553	5.18	-15.2%
61	Algerian Gulf Life Insurance Company (AGLIC)	L	Algeria	30	0.00273	1	0.009	2900%

⁽¹⁾ LC : local currency: Moroccan dirham MAD, Algerian dinar DZD, Tunisian dinar TND
⁽²⁾ Exchange rate in local currency
⁽³⁾ Former Société d'Assurance de Prévoyance & de Santé (SAPS)
L : life company NL : non life company C : composite company (life and non life)

The insurance industry in maghreb: breakdown of premiums per class of business and per country in 2016

in millions

	Algeria			Morocco			Tunisia
	In LC⁽¹⁾	In USD	%	In LC⁽¹⁾	In USD	%	In ML⁽¹⁾	In USD	%
Motor	65 158	592	50.3%	9 954	989	28.5%	834	364	44.9%
Health	-	-	-	3 653	363	10.5%	265	116	14.3%
Property damage⁽²⁾	44 242	402	34.2%	1 318	131	3.8%	120	52	6.5%
Marine	6 614	60	5.1%	578	57	1.7%	59	26	3.1%
Credit	50	0.454	0.04%	1 331	132	3.8%	14	6	0.8%
Other risks⁽³⁾	2 256	20	1.7%	3 788	376	10.8%	188	82	10.1%
Total non life	118 320	1 075	91.34%	20 622	2 048	59.1%	1 481	646	79.7%
Life	11 240	102	8.66%	14 293	1 419	40.9%	376	164	20.3%
Grand total	129 560	1 177	100%	34 915	3 468	100%	1 857	810	100%

⁽¹⁾ LC : local currency: Moroccan dirham MAD, Algerian dinar DZD, Tunisian dinar TND
⁽²⁾ In Algeria, property damage includes fire, general third party liability, pecuniary loss, legal protection, natural catastrophes and other property damage.
In Morocco, property damage includes fire and natural events. In Tunisia, Property damage include fire.
⁽³⁾ In Algeria, other risks include agricultural risks.
In Morocco, other risks include workmen’s compensation, engineering, third party liability, other non life operations and direct companies’ reinsurance acceptances.
In Tunisia, other risks include workmen’s compensation, hail, livestock, engineering and direct companies’ acceptances.

Breakdown of life and non life premiums per country in 2016

Source: countries’ reports (FTUSA-Tunisia, ACAPS-Morocco, Ministry of finance-Algeria)

Exchange rate as at 31/12/2015 - Algeria DZD/USD: 0.00938 - Morocco MAD/USD: 0.10158 - Tunisia TND/USD: 0.49463

Exchange rate as at 31/12/2016 - Algeria DZD/USD: 0.009086 - Morocco MAD/USD: 0.09932 - Tunisia TND/USD: 0.43639

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Tue, 16/01/2018 - 09:36

The insurance industry in the Maghreb: ranking of companies per 2016 turnover

The insurance industry in the Maghreb: 2016 ranking of companies per turnover

The insurance industry in maghreb: breakdown of premiums per class of business and per country in 2016

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