Maghreb insurance industry: 2017 ranking of companies
2017 ranking of insurers in the Maghreb according to turnover
Figures in millions| Ranking | Companies | Class of business | Country | 2017 premiums | 2016 premiums | 2016/2017 evolution (2) | |||
|---|---|---|---|---|---|---|---|---|---|
| 2017 | 2016 | In USD | In LC (1) | In USD | In LC (1) | ||||
| 1 | 1 | Wafa Assurance | C | Morocco | 863 | 8 050 | 726 | 7 314 | 10.06% |
| 2 | 2 | Royale Marocaine d'Assurances | C | Morocco | 667 | 6 224 | 582 | 5 860 | 6.22% |
| 3 | 3 | Saham Assurance | C | Morocco | 519 | 4 846 | 436 | 4 392 | 10.34% |
| 4 | 4 | AXA Assurance Maroc | C | Morocco | 441 | 4 111 | 390 | 3 928 | 4.66% |
| 5 | 5 | Mutuelle Attamine Chaabi | L | Morocco | 394 | 3 678 | 272 | 2 739 | 34.29% |
| 6 | 8 | Atlanta Assurances | C | Morocco | 243 | 2 271 | 193 | 1 939 | 17.13% |
| 7 | 6 | Société Algérienne d’Assurance (SAA) | NL | Algeria | 232 | 26 527 | 244 | 26 875 | -1.29% |
| 8 | 9 | Sanad Assurances | C | Morocco | 206 | 1 921 | 174 | 1 751 | 9.70% |
| 9 | 7 | Compagnie Algérienne d'Assurance Transport (CAAT) | NL | Algeria | 202 | 23 128 | 205 | 22 615 | 2.27% |
| 10 | 10 | La Marocaine Vie | L | Morocco | 185 | 1 724 | 147 | 1 484 | 16.15% |
| 11 | 11 | STAR Assurances | C | Tunisia | 150 | 367 | 141 | 322 | 14.01% |
| 12 | 13 | Mutuelle Centrale Marocaine d'Assurance | C | Morocco | 136 | 1 269 | 131 | 1 315 | -3.48% |
| 13 | 14 | Allianz Maroc | C | Morocco | 134 | 1 246 | 120 | 1212 | 2.80% |
| 14 | 12 | Compagnie Algérienne d'Ass. et de Réa. (CAAR) | NL | Algeria | 132 | 15 154 | 137 | 15 082 | 0.48% |
| 15 | 15 | Caisse Nationale de Mutualité Agricole (CNMA) | NL | Algeria | 114 | 13 012 | 115 | 12 649 | 2.87% |
| 16 | 17 | Mutuelle Agricole Marocaine d'Assurance | NL | Morocco | 100 | 929 | 85 | 858 | 8.26% |
| 17 | 16 | CASH Assurances | NL | Algeria | 94 | 10 761 | 90 | 9 887 | 8.84% |
| 18 | 18 | Compagnie Internationale d'Ass. et de Réas. (CIAR) | NL | Algeria | 80 | 9 174 | 83 | 9 182 | -0.09% |
| 19 | 19 | COMAR Assurances | C | Tunisia | 79 | 192 | 75 | 171 | 12.47% |
| 20 | 21 | Compagnie d'Assurance Transport (CAT) | NL | Morocco | 72 | 670 | 63 | 634 | 5.69% |
| 21 | 20 | AMI Assurances | C | Tunisia | 66 | 163 | 68 | 156 | 4.28% |
| 22 | 22 | GAT Assurances | C | Tunisia | 65.9 | 161 | 60 | 138 | 16.90% |
| 23 | 24 | Astrée Assurances | C | Tunisia | 59 | 146 | 57 | 131 | 11.07% |
| 24 | 23 | Assurances Maghrebia | NL | Tunisia | 58.8 | 144 | 59.6 | 137 | 5.11% |
| 25 | 25 | Saham Assistance | NL | Maroc | 54 | 500 | 47 | 470 | 6.45% |
| 26 | 29 | Assurances BIAT | C | Tunisia | 49 | 121 | 42 | 96 | 25.55% |
| 27 | 27 | Maroc Assistance Internationale | NL | Morocco | 48 | 449 | 43.2 | 435 | 3.17% |
| 28 | 26 | Salama Assurances | NL | Algérie | 42 | 4 787 | 45 | 5 019 | -4.62% |
| 29 | 31 | Alliance Assurances | NL | Algeria | 41.92 | 4 802 | 41.4 | 4 565 | 5.19% |
| 30 | 30 | Mutuelle Assurance de l'Enseignement (MAE) | C | Tunisia | 41.9 | 103 | 41.8 | 96 | 6.89% |
| 31 | 28 | CARTE Assurances | NL | Tunisia | 41.8 | 102 | 43 | 99 | 3.39% |
| 32 | 33 | Lloyd Assurances | C | Tunisia | 37 | 91 | 33 | 76 | 19.98% |
| 33 | 35 | Assurances SALIM | C | Tunisia | 36.8 | 90 | 32 | 73 | 23.56% |
| 34 | 32 | Groupe CTAMA | C | Tunisia | 32 | 79 | 34 | 79 | 0.16% |
| 35 | 34 | L'Algérienne des Assurances | NL | Algeria | 31.7 | 3 629 | 32.9 | 3627 | 0.06% |
| 36 | 36 | GAM Assurances | NL | Algeria | 30 | 3 465 | 30 | 3 329 | 4.09% |
| 37 | 37 | Mutuelle d'Assurances des Transporteurs (MATU) | NL | Morocco | 29.7 | 277 | 29 | 293 | -5.46% |
| 38 | 39 | Attijari Assurances | L | Tunisia | 27 | 67 | 23 | 53 | 26.88% |
| 39 | 38 | AXA Assurances Algérie Dommage | NL | Algeria | 26.8 | 3066 | 23.3 | 2569 | 19.35% |
| 40 | 42 | Wafa IMA Assistance | NL | Morocco | 26.2 | 244 | 21 | 209 | 16.84% |
| 41 | 40 | Trust Algeria | NL | Algeria | 24 | 2746 | 22.3 | 2453 | 11.94% |
| 42 | 50 | AXA Assurances Algérie Vie | L | Algeria | 22 | 2 469 | 14 | 1 550 | 59.29% |
| 43 | 46 | Cardif El Djazair | L | Algeria | 21 | 2441 | 16 | 1768 | 38.07% |
| 44 | 43 | Maghrebia Vie | L | Tunisia | 20.5 | 50 | 20.7 | 46 | 9.29% |
| 45 | 41 | Assurance Hayett | L | Tunisia | 19 | 46 | 22 | 51 | -10.34% |
| 46 | 45 | CAARAMA Assurance | L | Algeria | 18.6 | 2 129 | 19 | 2 069 | 2.90% |
| 47 | 47 | Zitouna Takaful | C | Tunisia | 18.2 | 45 | 15.5 | 36 | 23.72% |
| 48 | 48 | AMANA Assurances | NL | Algeria | 18.1 | 2 075 | 15.4 | 1 697 | 22.27% |
| 49 | 49 | CARTE Vie | L | Tunisia | 17 | 40 | 14.7 | 34 | 19.01% |
| 50 | 44 | Taamine Life Algérie (TALA) | L | Algeria | 16 | 1 850 | 20 | 2 191 | -15.56% |
| 51 | 52 | Euler Hermes ACMAR | NL | Morocco | 13 | 126 | 11 | 116 | 8.45% |
| 52 | 53 | AXA Assistance Maroc | NL | Morocco | 12.8 | 120 | 10.6 | 107 | 11.78% |
| 53 | 51 | Macir Vie | L | Algeria | 12.5 | 1 434 | 13 | 1428 | 0.42% |
| 54 | 55 | GAT Vie | L | Tunisia | 11 | 27 | 8 | 19 | 39.48% |
| 55 | 54 | El Amana Takaful | C | Tunisia | 10 | 25 | 9.6 | 22 | 13.53% |
| 56 | 56 | Assurances At-Takafulia | C | Tunisia | 7 | 16 | 5.6 | 13 | 26.33% |
| 57 | 59 | Coface Maroc | NL | Morocco | 6 | 56 | 4.5 | 46 | 20.65% |
| 58 | 57 | COTUNACE | NL | Tunisia | 5 | 13 | 4.8 | 11 | 15.99% |
| 59 | 61 | Algerian Gulf Life Insurance Company (AGLIC) | L | Algeria | 4.6 | 532 | 0.00273 | 30 | 1673.33% |
| 60 | 58 | Le Mutualiste | L | Algeria | 4 | 504 | 4.6 | 507 | -0.59% |
| 61 | 60 | MAATEC | NL | Algeria | ND | ND | 4.3 | 469 | - |
L : life company, NL : non life company, C : composite company (life and non life)
(1) LC: local currency ; MAD=Moroccan dirham, DZD=Algerian dinar, TND=Tunisian dinar
(2) Exchange rate in local currency
Exchange rate as at 31/12/2016 - Algeria DZD/USD: 0.009086 - Morocco MAD/USD: 0.09932 - Tunisia TND/USD: 0.43639
Exchange rate as at 31/12/2017 - Algeria DZD/USD: 0.00873 - Morocco MAD/USD: 0.10719 - Tunisia TND/USD: 0.40831
Insurance market in the Maghreb: Breakdown of premiums per class of business and per country in 2017
Figures in millions| Algeria | Morocco | Tunisia | |||||||
|---|---|---|---|---|---|---|---|---|---|
| In LC (1) | In USD | % | In LC(1) | In USD | % | In LC (1) | In USD | % | |
| Motor | 65 047 | 568 | 48.66% | 10 482 | 1 124 | 26.93% | 941 | 385 | 45.07% |
| Health | - | - | - | 3 922 | 420 | 10.08% | 291 | 119 | 13.95% |
| Property damage (2) | 49 212 | 448 | 36.81% | 5511 | 591 | 14.16% | 327 | 133 | 15.67% |
| Marine | 5840 | 53 | 4.37% | 605 | 65 | 1.55% | 69 | 28 | 3.31% |
| Credit | 152 | 1 | 0.11% | 1 415 | 152 | 3.64% | 17 | 7 | 0.80% |
| Total non life | 120 251 | 1 070 | 89.95% | 21 935 | 2 352 | 56.36% | 1 645 | 672 | 78.80% |
| Life | 13 434 | 117 | 10.05% | 16 985 | 1 820 | 43.64% | 443 | 181 | 21.20% |
| Grand total | 133 685 | 1 187 | 100% | 38 920 | 4 172 | 100% | 2 088 | 853 | 100% |
(1) LC: local currency ; MAD=Moroccan dirham, DZD=Algerian dinar, TND=Tunisian dinar
(2) including third party liability and other risks
Exchange rate as at 31/12/2017- Algeria DZD/USD: 0.00873 - Morocco MAD/USD: 0.10719 - Tunisia TND/USD: 0.40831
Read also | Morocco insurance market: 2018 results
