MENA zone reinsurers: technical ratios 2017-2019
Company | Country | Non-life loss ratio in % | Non-life combined ratio in % | ||||||
---|---|---|---|---|---|---|---|---|---|
2017 | 2018 | 2019 | 3-year average | 2017 | 2018 | 2019 | 3-year average | ||
Arab Insurance Group | Bahrain | 69 | 84 | 59.5 | 70.9 | 103.8 | 118.3 | 96.4 | 106.2 |
Arab Re | Lebanon | 76.7 | 69.6 | 71.1 | 72.5 | 107.4 | 105.4 | 105.7 | 106.1 |
Compagnie Centrale de Réassurance | Algeria | 51.3 | 52.66 | 59.47 | 54.4 | 80.5 | 84.06 | 85.25 | 83.3 |
Hannover Re Takaful | Bahrain | 61.1 | 69.1 | 63.7 | 64.6 | 95.1 | 101.6 | 102.7 | 99.8 |
Kuwait Re | Kuwait | 67.4 | 63.9 | 65.9 | 65.7 | 98 | 96.2 | 96.5 | 96.9 |
Milli Re | Turkey | 75.8 | 93.9 | 89.2 | 86.3 | 110.8 | 128.9 | 122.4 | 120.7 |
Oman Re | Oman | 62.3 | 55.2 | 66.5 | 61.3 | 104.2 | 91.5 | 101.7 | 99.1 |
Saudi Re | Saudi Arabia | 67.2 | 63.2 | 63.6 | 64.7 | 100.4 | 98.1 | 95.4 | 98 |
Société Centrale de Réassurance | Morocco | 62.2 | 51 | 35.1 | 49.4 | 94.9 | 93.2 | 81.8 | 90 |
Tunis Re | Tunisia | 63 | 71 | 62.8 | 65.6 | 102 | 108 | 99.6 | 103.2 |
Trust Re | Bahrain | 69 | 73 | - | 71.0 | 101.7 | 102.9 | - | 102.3 |
Sources : AM Best and companies
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