North Africa : ranking of insurers per 2019’s turnover
Figures in thousands
Rank | Company | Cat* | Country | 2019 turnoLer | 2018 turnoLer | 2018-2019 evolution** | |||
---|---|---|---|---|---|---|---|---|---|
2019 | 2018 | In local currency | In USD | In local currency | In USD | ||||
1 | 1 | Wafa Assurance | C | Morocco | 8 853 000 | 912 390 | 8 371 000 | 875 272 | 5.76% |
2 | 2 | Royale Marocaine d'Assurances | C | Morocco | 6 816 000 | 702 457 | 6 543 700 | 684 209 | 4.16% |
3 | 3 | Saham Assurance | C | Morocco | 5 422 400 | 558 833 | 5 223 200 | 546 138 | 3.81% |
4 | 4 | Misr Insurance | NL | Egypt | 8 990 005 | 537 602 | 8 557 116 | 477 573 | 5.06% |
5 | 5 | Mutuelle Taamine Chaabi | L | Morocco | 5 123 200 | 527 997 | 4 253 000 | 444 694 | 20.46% |
6 | 6 | Axa Assurance Maroc | C | Morocco | 4 645 200 | 478 734 | 4 231 100 | 442 404 | 9.79% |
7 | 7 | Atlanta | C | Morocco | 2 664 400 | 274 593 | 2 432 900 | 254 384 | 9.52% |
8 | 9 | Misr Life Insurance Company | L | Egypt | 4 403 427 | 263 325 | 3 974 449 | 221 814 | 10.79% |
9 | 8 | SAA | NL | Algeria | 29 117 000 | 243 418 | 27 679 000 | 231 673 | 5.20% |
10 | 12 | Marocaine Vie | L | Morocco | 2 267 600 | 233 699 | 1 825 500 | 190 874 | 24.22% |
11 | 10 | Sanad | C | Morocco | 2 176 300 | 224 290 | 2 022 400 | 211 462 | 7.61% |
12 | 11 | CAAT | NL | Algeria | 24 589 000 | 205 564 | 24 126 000 | 201 935 | 1.92% |
13 | 19 | Allianz Life Egypt | L | Egypt | 3 120 291 | 186 593 | 1 977 820 | 110 382 | 57.76% |
14 | 15 | Metlife Egypt | L | Egypt | 2 854 613 | 170 706 | 2 374 033 | 132 495 | 20.24% |
15 | 13 | MCMA | C | Morocco | 1 541 200 | 158 836 | 1 418 500 | 148 318 | 8.65% |
16 | 14 | Allianz Assurance Maroc | C | Morocco | 1 479 900 | 152 518 | 1 367 100 | 142 944 | 8.25% |
17 | 17 | STAR | C | Tunisia | 374 867 | 133 805 | 358 733 | 119 185 | 4.50% |
18 | 16 | CAAR | NL | Algeria | 15 365 000 | 128 452 | 15 195 000 | 127 182 | 1.12% |
19 | 18 | CNMA | NL | Algeria | 14 312 000 | 119 648 | 14 025 000 | 117 389 | 2.05% |
20 | 21 | AXA Life Egypt | L | Egypt | 2 000 233 | 119 614 | 1 598 558 | 89 216 | 25.13% |
21 | 20 | MAMDA | NL | Morocco | 1 034 600 | 106 626 | 1 000 700 | 104 633 | 3.39% |
22 | 23 | CASH Assurances | NL | Algeria | 12 676 000 | 105 971 | 9 499 000 | 79 507 | 33.45% |
23 | 22 | CIAR | NL | Algeria | 9 866 000 | 82 480 | 10 099 000 | 84 529 | -2.31% |
24 | 25 | COMAR | C | Tunisia | 212 156 | 75 727 | 208 052 | 69 123 | 1.97% |
25 | 24 | CAT | NL | Morocco | 693 000 | 71 421 | 688 800 | 72 021 | 0.61% |
26 | 30 | GIG Egypt | NL | Egypt | 1 109 933 | 66 374 | 971 202 | 54 203 | 14.28% |
27 | 31 | Bupa Egypt | NL | Egypt | 1 085 563 | 64 917 | 966 665 | 53 949 | 12.30% |
28 | 45 | AXA Insurance | NL | Egypt | 1 043 389 | 62 395 | 589 365 | 32 892 | 77.04% |
29 | 26 | GAT | C | Tunisia | 170 999 | 61 036 | 174 570 | 57 999 | -2.05% |
30 | 32 | Assurances Maghrebia | NL | Tunisia | 169 758 | 60 593 | 159 486 | 52 988 | 6.44% |
31 | 33 | Suez Canal Insurance | NL | Egypt | 1 006 705 | 60 201 | 938 082 | 52 354 | 7.32% |
32 | 34 | Astrée Assurances | C | Tunisia | 168 279 | 60 065 | 155 246 | 51 579 | 8.40% |
33 | 28 | Maroc Assistance Internationale | NL | Morocco | 568 100 | 58 548 | 541 700 | 56 640 | 4.87% |
34 | 29 | AMI | C | Tunisia | 161 183 | 57 533 | 168 190 | 55 879 | -4.17% |
35 | 39 | Allianz Insurance Egypt | NL | Egypt | 883 872 | 52 856 | 734 044 | 40 967 | 20.41% |
36 | 38 | Orient Takaful Insurance Company | NL | Egypt | 835 060 | 49 937 | 734 505 | 40 993 | 13.69% |
37 | 27 | Saham Assistance | NL | Morocco | 471 700 | 48 613 | 555 000 | 58 031 | -15.01% |
38 | 40 | Egyptian Takaful Insurance | NL | Egypt | 808 393 | 48 342 | 644 789 | 35 986 | 25.37% |
39 | 42 | CARTE | NL | Tunisia | 127 273 | 45 429 | 104 985 | 34 880 | 21.23% |
40 | 35 | Salama Assurances | NL | Algeria | 5 377 000 | 44 952 | 5 158 000 | 43 172 | 4.25% |
41 | 36 | Alliance Assurances | NL | Algeria | 5 201 000 | 43 480 | 5 002 000 | 41 867 | 3.98% |
42 | 37 | Assurances BIAT | C | Tunisia | 121 799 | 43 475 | 125 530 | 41 706 | -2.97% |
43 | 41 | MAE | C | Tunisia | 120 642 | 43 062 | 108 110 | 35 919 | 11.59% |
44 | 44 | Mutuelle d'Ass. des Transporteurs (MATU) | NL | Morocco | 416 600 | 42 935 | 317 700 | 33 219 | 31.13% |
45 | 43 | BH Assurance | C | Tunisia | 116 707 | 41 657 | 102 087 | 33 917 | 14.32% |
46 | 54 | QNB Alahli Life Insurance | L | Egypt | 671 582 | 40 161 | 501 267 | 27 976 | 33.98% |
47 | 58 | Egyptian Life Takaful Insurance | L | Egypt | 657 969 | 39 346 | 415 271 | 23 176 | 58.44% |
48 | 48 | Lloyd Assurances | C | Tunisia | 108 488 | 38 724 | 93 340 | 31 011 | 16.23% |
49 | 49 | CTAMA | C | Tunisia | 103 846 | 37 067 | 90 110 | 29 938 | 15.24% |
50 | 57 | Suez Canal Life Insurance | L | Egypt | 603 920 | 36 114 | 415 980 | 23 216 | 45.18% |
51 | 50 | Trust Algérie | NL | Algeria | 4 040 000 | 33 774 | 3 547 000 | 29 688 | 13.90% |
52 | 51 | Royal Insurance | NL | Egypt | 544 649 | 32 570 | 530 073 | 29 583 | 2.75% |
53 | 47 | L'Algérienne des Assurances 2A | NL | Algeria | 3 877 000 | 32 412 | 3 849 000 | 32 216 | 0.73% |
54 | 46 | GAM | NL | Algeria | 3 803 000 | 31 793 | 3 859 000 | 32 300 | -1.45% |
55 | 52 | Attijari Assurances | L | Tunisia | 87 006 | 31 056 | 86 455 | 28 724 | 0.64% |
56 | 56 | Mohandes Insurance Company | NL | Egypt | 509 974 | 30 497 | 429 760 | 23 985 | 18.66% |
57 | 53 | Wafa IMA Assistance | NL | Morocco | 281 400 | 29 001 | 268 400 | 28 064 | 4.84% |
58 | 61 | Delta Insurance | NL | Egypt | 436 493 | 26 102 | 336 539 | 18 782 | 29.70% |
59 | 68 | Wethaq Takaful Insurance | NL | Egypt | 401 462 | 24 007 | 277 689 | 15 498 | 44.57% |
60 | 60 | Maghrebia Vie | L | Tunisia | 66 144 | 23 609 | 58 490 | 19 433 | 13.09% |
61 | 59 | Cardif El Djazair | L | Algeria | 2 742 000 | 22 923 | 2 604 000 | 21 796 | 5.30% |
62 | 69 | Egyptian Saudi Insurance House | NL | Egypt | 380 650 | 22 763 | 276 421 | 15 427 | 37.71% |
63 | 74 | GAT VIE | L | Tunisia | 61 834 | 22 071 | 41 758 | 13 874 | 48.08% |
64 | 55 | AXA Assurances Algérie Dommage | NL | Algeria | 2 616 000 | 21 870 | 2 967 000 | 24 834 | -11.83% |
65 | 63 | Zitouna Takaful | C | Tunisia | 60 563 | 21 617 | 52 481 | 17 436 | 15.40% |
66 | 62 | CARTE Vie | L | Tunisia | 58 600 | 20 917 | 53 159 | 17 662 | 10.24% |
67 | 66 | Iskan Insurance | NL | Egypt | 325 425 | 19 460 | 298 298 | 16 648 | 9.09% |
68 | 65 | AXA Assurances Algérie Vie | L | Algeria | 2 254 000 | 18 843 | 2 046 000 | 17 125 | 10.17% |
69 | 71 | Assurances Hayett | L | Tunisia | 50 691 | 18 094 | 44 321 | 14 725 | 14.37% |
70 | 64 | SAPS | L | Algeria | 1 947 000 | 16 277 | 2 066 000 | 17 292 | -5.76% |
71 | 72 | Caarama Assurance | L | Algeria | 1 869 000 | 15 625 | 1 695 000 | 14 187 | 10.27% |
72 | 75 | Chubb Life Egypt | L | Egypt | 252 453 | 15 097 | 228 021 | 12 726 | 10.71% |
73 | 73 | Euler Hermes ACMAR | NL | Morocco | 144 800 | 14 923 | 131 700 | 13 771 | 9.95% |
74 | 70 | AIG Insurance | NL | Egypt | 248 782 | 14 877 | 267 190 | 14 912 | -6.89% |
75 | 90 | Medgulf Insurance | NL | Egypt | 237 617 | 14 210 | 76 809 | 4 287 | 209.36% |
76 | 78 | AGLIC | L | Algeria | 1 675 000 | 14 003 | 1 302 000 | 10 898 | 28.65% |
77 | 67 | Delta Life Assurance | L | Egypt | 216 429 | 12 942 | 287 340 | 16 036 | -24.68% |
78 | 76 | Macir Vie | L | Algeria | 1 541 000 | 12 883 | 1 413 000 | 11 827 | 9.06% |
79 | 95 | Egyptian Takaful Insurance | NL | Egypt | 211 927 | 12 673 | 38 434 | 2 145 | 451.41% |
80 | 85 | Libano-Suisse Takaful | L | Egypt | 206 898 | 12 373 | 125 254 | 6 990 | 65.18% |
81 | - | RMA Assistance | NL | Morocco | 113 100 | 11 656 | - | - | - |
82 | 77 | Co. Operative Insurance Society | NL | Egypt | 193 569 | 11 575 | 201 265 | 11 233 | -3.82% |
83 | 79 | Tokio Marine Egypt General Takaful | NL | Egypt | 191 493 | 11 451 | 192 158 | 10 724 | -0.35% |
84 | 83 | Arope Insurance | NL | Egypt | 187 028 | 11 184 | 155 460 | 8 676 | 20.31% |
85 | 81 | El Amana Takaful | C | Tunisia | 31 248 | 11 154 | 29 473 | 9 792 | 6.02% |
86 | 84 | Attakafulia | C | Tunisia | 26 463 | 9 446 | 22 679 | 7 535 | 16.69% |
87 | 82 | TALA | L | Algeria | 1 117 000 | 9 338 | 1 119 000 | 9 366 | -0.18% |
88 | 80 | Axa Assistance Maroc | NL | Morocco | 86 900 | 8 956 | 97 700 | 10 215 | -11.05% |
89 | 86 | Coface Maroc | NL | Morocco | 62 700 | 6 462 | 55 100 | 5 761 | 13.79% |
90 | 89 | Misr Emirates Takaful Life Insurance | L | Egypt | 106 799 | 6 387 | 87 701 | 4 895 | 21.78% |
91 | 87 | Mohandes Life Ins. Company | L | Egypt | 106 105 | 6 345 | 91 931 | 5 131 | 15.42% |
92 | 88 | Cotunace | NL | Tunisia | 15 782 | 5 633 | 15 129 | 5 027 | 4.32% |
93 | 91 | Chubb Insurance | NL | Egypt | 79 699 | 4 766 | 72 277 | 4 034 | 10.27% |
94 | 96 | Société Marocaine d'Ass. à l'Exportation (SMAEX) | NL | Morocco | 39 900 | 4 112 | - | - | - |
95 | 92 | Le Mutualiste | L | Algeria | 467 000 | 3 904 | 482 000 | 4 034 | -3.11% |
96 | 94 | Arope Life Insurance | L | Egypt | 61 667 | 3 688 | 54 203 | 3 025 | 13.77% |
97 | 93 | United Insurance | NL | Egypt | 49 783 | 2 977 | 67 421 | 3 763 | -26.16% |
98 | 97 | Tokio Marine Egypt Family Takaful | L | Egypt | 42 293 | 2 529 | 33 516 | 1 870 | 26.19% |
99 | - | Tharwa Insurance | NL | Egypt | 19 787 | 1 183 | - | - | - |
100 | 98 | Export Credit Guarantee Company | NL | Egypt | 9 012 | 539 | 8 021 | 447 | 12.36% |
101 | - | Tharwa Life | L | Egypt | 3 155 | 189 | - | - | - |
Total Afrique du Nord | 226 865 432 | 8 795 847 | 210 858 511 | 7 872 212 | 7.59% |
* Category
** Evolution in local currency
C : Composite company (life and non-life), NL : Non-life company, L : Life company
Exchange rate 2018 :
as at 31/12 : Algeria DZD/USD : 0.00837 - Morocco MAD/USD : 0.10456 - Tunisia TND/USD : 0.33224
as at 30/06 : Egypt EGP/USD : 0.05581
Exchange rate 2019 :
as at 31/12 : Algeria DZD/USD : 0.00836 - Morocco MAD/USD : 0.10306 - Tunisia TND/USD : 0.35694
as at 30/06 : Egypt EGP/USD : 0.0598
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