Insurance compagnies in the MENA zone: ranking of insurers in 2016
2016 positioning of the MENA top 50 insurers(1)
in thousands USDCompanies | 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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