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

Magazine Issue:

Gulf insurers up against changing times [3]

Magazine date:

Jan 2018

2016 positioning of the MENA top 50 insurers⁽¹⁾

in thousands USD

Companies	Country	Turnover	Rank	Net result	Rank	Shareholder's equity	Rank
Qatar Insurance Company	Qatar	2 721 497	1	289 037	1	2 327 576	1
Tawuniya	Saudi Arabia	2 148 627	2	195 461	2	780 888	4
Bupa Arabia	Saudi Arabia	2 117 550	3	168 234	3	540 696	7
Daman National Health	UAE	1 425 030	4	NA	-	NA	-
MedGulf	Bahrain	1 150 000	5	NA	-	NA	-
Oman insurance company	UAE	968 174	6	21 485	20	532 956	8
Orient insurance CO	UAE	727 944	7	85 467	5	696 255	5
Wafa Assurances	Morocco	726 426	8	83 528	6	514 577	9
Gulf Insurance Group	Kuwait	698 698	9	47 219	10	333 508	14
ADNIC	UAE	646 889	10	55 827	9	480 776	10
Royale Marocaine d'Assurance (RMA)	Morocco	582 015	11	74689	7	562 151	6
MALATH Insurance	Saudi Arabia	578 254	12	- 38 374	47	23 836	46
AlRajhi Takaful	Saudi Arabia	519 783	13	23 640	18	114 528	29
Misr insurance	Egypt	499 000	14	89 000	4	1 036 000	3
Saham Assurance	Morocco	436 213	15	28 008	14	362 121	12
Axa Maroc	Morocco	390 129	16	9 634	32	414 363	11
AXA Cooperative	Saudi Arabia	307 811	17	8 026	33	133 250	24
Emirates Insurance	UAE	278 273	18	23 740	18	286 678	18
Mutuelle Attamine Chaabi	Morocco	272 037	19	3 178	40	9 038	47
WALAA Insurance	Saudi Arabia	271 170	20	30092	12	116 162	27
National Life Insurance	Oman	263 208	21	12 210	27	115 270	28
Al Ain Ahlia	UAE	262 582	22	16 953	23	317 284	16
Trade Union	Saudi Arabia	254 599	23	11 993	29	79 362	36
Société Algérienne d’Assurance	Algeria	244 186	24	28 366	13	321 570	15
Union Insurance	UAE	238 853	25	2 841	46	81 282	34
Allianz Saudi Franzi	Saudi Arabia	223 067	26	6 914	36	59 044	39
United Cooperative Assurance (UCA)	Saudi Arabia	218 619	27	26 612	16	103 925	30
Saudi Arabian Insurance Company	Saudi Arabia	213 874	28	13 561	26	79 525	35
Islamic Arab Insurance (Salama)	UAE	211 759	29	- 32 238	48	163 506	29
Compagnie Algérienne d'Assurance Transport (CAAT)	Algeria	205 480	30	21 241	21	193 010	19
Al Ahleia Insurance	Kuwait	202 441	31	30 148	11	351 570	13
Arabian Shield	Saudi Arabia	201 247	32	18 807	22	93 402	31
Atlanta Assurances	Morocco	192 581	33	15 991	24	120 674	26
Al Buhaira National	UAE	191 486	34	11 635	30	175 800	20
Arabia	Lebanon	181 250	35	- 1302	41	90 112	33
SANAD Assurances	Morocco	173 909	36	7 648	35	79 357	37
Qatar General Insurance	Qatar	173 148	37	70 984	8	1 762 000	2
Shiekan Insurance	Sudan	167 550	38	12 100	28	3 800	48
Arab Orient Insurance	Jordan	156 091	39	1 707	43	47 889	42
Misr life	Egypt	154 800	40	26 620	15	92 830	32
Salama	Saudi Arabia	152 403	41	5 683	38	51 528	40
National General Insurance	UAE	149 781	42	7 744	34	121 963	25
WAFA Insurance	Saudi Arabia	146 922	43	15 913	25	32 295	45
Doha insurance (QSC)	Qatar	141 693	44	23 778	17	295 208	17
Dhofar Insurance	Oman	143 894	45	-17 855	46	45 799	43
STAR Assurances	Tunisia	140 572	46	6 767	37	142 658	22
Compagnie Algérienne d'Assurance et de Réassurance (CAAR)	Algeria	137 035	47	5 461	39	137 035	23
Allied Cooperative Insurance Group (ACIG)	Saudi Arabia	136 505	48	2 228	42	33 383	48
Wataniya	Saudi Arabia	135 426	49	10 335	31	49 441	41
Allianz SNA	Lebanon	132 460	50	7 236	36	60 315	38

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

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2016 positioning of the MENA top 50 insurers⁽¹⁾