North African insurance industry in 2018

Ranking of insurance companies in North Africa based on turnover - 2018

Figures in thousands

Ranking	Company	Class of business	Country	2018		2017		2017-2018 evolution ⁽¹⁾
Ranking	Company	Class of business	Country	Local currency	USD	Local currency	USD	2017-2018 evolution ⁽¹⁾
1	Wafa Assurance	C	Morocco	8 371 000	875 300	8 049 900	857 300	4.00%
2	Royale Marocaine d'Assurances	C	Morocco	6 543 700	684 200	6 224 200	662 900	5.10%
3	Saham Assurance	C	Morocco	5 223 200	546 100	4 846 000	516 100	7.80%
4	Misr Insurance	NL	Egypt	8 557 116	477 573	7 066 495	389 364	21.10%
5	Mutuelle Attamine Chaabi (MAC)	L	Morocco	4 253 000	444 700	3 678 200	391 700	15.60%
6	AXA Assurance	C	Morocco	4 231 100	442 400	4 111 200	437 800	2.90%
7	Atlanta	C	Morocco	2 432 900	254 400	2 271 200	241 900	7.10%
8	SAA	NL	Algeria	27 679 000	231 700	26 527 000	228 700	4.30%
9	Misr Life Insurance	L	Egypt	3 974 449	221 814	3 306 278	182 176	20.20%
10	Sanad	C	Morocco	2 022 400	211 500	1 920 800	204 600	5.30%

11	CAAT	NL	Algeria	24 126 000	201 900	23 128 000	199 400	4.30%
12	La Marocaine Vie	L	Morocco	1 825 500	190 900	1 723 600	183 600	5.90%
13	Mutuelle Centrale Marocaine d'Assurance	C	Morocco	1 418 500	148 300	1 269 200	135 200	11.80%
14	Allianz Maroc	C	Morocco	1 367 100	142 900	1 245 900	132 700	9.70%
15	Metlife Egypt	L	Egypt	2 374 033	132 495	2 173 927	119 783	9.20%
16	CAAR	NL	Algeria	15 195 000	127 200	15 154 000	130 600	0.30%
17	STAR	C	Tunisia	358 700	119 200	367 100	148 000	-2.30%
18	CNMA	NL	Algeria	14 025 000	117 400	13 012 000	112 200	7.80%
19	Allianz Life Egypt	L	Egypt	1 977 820	110 382	1 538 788	84 787	28.50%
20	Mutuelle Agricole Marocaine d'Assurance	NL	Morocco	1 000 700	104 600	928 900	98 900	7.70%
21	AXA Life Egypt	L	Egypt	1 598 558	89 216	1 297 792	71 508	23.20%
22	CIAR	NL	Algeria	10 099 000	84 500	9 174 000	79 100	10.10%
23	CASH Assurances	NL	Algeria	9 499 000	79 500	10 761 000	92 800	-11.70%
24	Compagnie d'Assurance Transport (CAT)	NL	Morocco	688 800	72 000	670 100	71 400	2.80%
25	COMAR	C	Tunisia	208 100	69 100	192 300	77 600	8.20%
26	GAT	C	Tunisia	174 600	58 000	161 300	65 100	8.20%
27	Saham Assistance	NL	Morocco	555 000	58 000	500 300	53 300	10.90%
28	Maroc Assistance Internationale	NL	Morocco	541 700	56 600	448 800	47 800	20.70%
29	AMI	C	Tunisia	168 200	55 900	162 700	65 600	3.40%
30	GIG Egypt	NL	Egypt	971 202	54 203	752 366	41 455	29.10%
31	Bupa Egypt	NL	Egypt	966 665	53 950	858 646	47 311	12.60%
32	Assurances MAGHREBIA	NL	Tunisia	159 500	53 000	144 000	58 100	10.80%
33	Suez Canal Insurance	NL	Egypt	938 082	52 354	800 044	44 082	17.30%
34	Astrée Assurances	C	Tunisia	155 200	51 600	145 500	58 700	6.70%
35	Salama	NL	Algeria	5 158 000	43 200	4 787 000	41 300	7.80%
36	Alliance Assurances	NL	Algeria	5 002 000	41 900	4 802 000	41 400	4.20%
37	Assurances BIAT	C	Tunisia	125 500	41 700	120 500	48 600	4.10%
38	Orient Takaful Insurance	NL	Egypt	734 505	40 993	562 981	31 020	30.50%
39	Allianz Insurance Egypt	NL	Egypt	734 044	40 967	548 833	30 241	33.70%
40	Egyptian Takaful Ins.	NL	Egypt	644 789	35 986	424 857	23 410	51.80%
41	MAE	C	Tunisia	108 100	35 900	102 600	41 400	5.40%
42	CARTE	NL	Tunisia	105 000	34 900	102 400	41 300	2.50%
43	BH Assurance	C	Tunisia	102 100	33 900	90 200	36 400	13.20%
44	Mutuelle d'Ass. des Transporteurs (MATU)	NL	Morocco	317 700	33 200	277 000	29 500	14.70%
45	AXA Insurance	NL	Egypt	589 365	32 892	308 926	17 022	90.80%
46	GAM	NL	Algeria	3 859 000	32 300	3 464 000	29 900	11.40%
47	L'Algérienne des Assurances 2A	NL	Algeria	3 849 000	32 200	3 629 000	31 300	6.10%
48	Lloyd Assurances	C	Tunisia	93 300	31 000	91 200	36 800	2.30%
49	CTAMA	C	Tunisia	90 100	29 900	79 800	32 200	12.90%
50	Trust Algérie	NL	Algeria	3 547 000	29 700	2 746 000	23 700	29.20%
51	Royal Insurance	NL	Egypt	530 073	29 583	453 796	25 004	16.80%
52	Attijari Assurances	L	Tunisia	86 500	28 700	67 200	27 100	28.70%
53	Wafa IMA Assistance	NL	Morocco	268 400	28 100	244 200	26 000	9.90%
54	QNB Alahli Life Ins.	L	Egypt	501 267	27 976	387 313	21 341	29.40%
55	AXA Assurances Algérie Dommage	NL	Algeria	2 967 000	24 800	3 066 000	26 400	-3.20%
56	Mohandes Insurance	NL	Egypt	429 760	23 985	327 280	18 033	31.30%
57	Suez Canal Life Ins.	L	Egypt	415 980	23 216	551 089	30 365	-24.50%
58	Egyptian Life Takaful	L	Egypt	415 271	23 176	349 209	19 241	18.90%
59	Cardif El Djazair	L	Algeria	2 603 000	21 800	2 441 000	21 000	6.60%
60	Maghrebia Vie	L	Tunisia	58 500	19 400	50 300	20 300	16.30%
61	Delta Insurance	NL	Egypt	336 539	18 782	264 006	14 547	27.50%
62	Carte Vie	L	Tunisia	53 200	17 700	40 500	16 300	31.40%
63	Zitouna Takaful	C	Tunisia	52 500	17 400	44 500	17 900	18.00%
64	SAPS	L	Algeria	2 066 000	17 300	2 075 000	17 900	-0.40%
65	AXA Assurances Algérie Vie	L	Algeria	2 046 000	17 100	2 469 000	21 300	-17.10%
66	Iskan Insurance	NL	Egypt	298 298	16 648	155 474	8 567	91.90%
67	Delta Life Assurance	L	Egypt	287 340	16 036	124 734	6 873	130.40%
68	Wethaq Takaful Ins.	NL	Egypt	277 689	15 498	176 592	9 730	57.20%
69	Egyptian Saudi Ins. House	NL	Egypt	276 421	15 427	211 762	11 668	30.50%
70	AIG	NL	Egypt	267 190	14 912	356 236	19 629	-25%
71	Assurance Hayett	L	Tunisia	44 300	14 700	45 700	18 400	-3.10%
72	CAARAMA Assurance	L	Algeria	1 695 000	14 200	2 129 000	18 400	-20.40%
73	Euler Hermes ACMAR	NL	Morocco	134 600	14 100	125 800	13 400	7.00%
74	GAT Vie	L	Tunisia	41 800	13 900	26 500	10 700	57.70%
75	Chubb Life Egypt	L	Egypt	228 021	12 726	162 483	8 953	40.30%
76	Macir Vie	L	Algeria	1 413 000	11 800	1 434 000	12 400	-1.50%
77	Co. Operative Ins. Society CIS	NL	Egypt	201 265	11 233	115 638	6 372	74.00%
78	AGLIC	L	Algeria	1 302 000	10 900	532 000	4 600	144.70%
79	Tokio Marine Egypt General Takaful	NL	Egypt	192 158	10 724	138 596	7 637	38.60%
80	El Amana Takaful	C	Tunisia	29 500	9 800	25 000	10 100	18.00%
81	AXA Assistance	NL	Morocco	93 100	9 700	119 600	12 700	-22.20%
82	TALA	L	Algeria	1 119 000	9 400	1 850 000	15 900	-39.50%
83	Arope Insurance	NL	Egypt	155 460	8 676	128 332	7 071	21.10%
84	Assurances At-Takafulia	C	Tunisia	22 700	7 500	16 500	6 700	37.60%
85	Libano-Suisse Takaful	L	Egypt	125 254	6 990	80 571	4 439	55.50%
86	Coface Maroc	NL	Morocco	55 200	5 800	55 500	5 900	-0.50%
87	Mohandes Life Insurance	L	Egypt	91 931	5 131	84 417	4 651	8.90%
88	COTUNACE	NL	Tunisia	15 100	5 000	12 800	5 200	18.00%
89	Misr Emirates Takaful Life Ins. CO	L	Egypt	87 701	4 895	47 105	2 595	86.20%
90	Medgulf Insurance	NL	Egypt	76 809	4 287	-	-	-
91	Chubb Insurance	NL	Egypt	72 277	4 034	61 928	3 412	16.70%
92	Le Mutualiste	L	Algeria	482 000	4 000	504 000	4 300	-4.40%
93	United Insurance	NL	Egypt	67 421	3 763	67 538	3 721	-0.20%
94	Arope Life Insurance	L	Egypt	54 203	3 025	43 079	2 374	25.80%
95	Egyptian Takaful Ins.	NL	Egypt	38 434	2 145	-	-	-
96	Société Marocaine d'Ass. à l'Exportation (SMAEX)	NL	Morocco	20 200	2 100	-	-	-
97	Tokio Marine Egypt Family Takaful	L	Egypt	33 516	1 871	31 278	1 723	7.20%
98	Export Credit Guarantee	NL	Egypt	8 021	448	5 463	301	46.80%

⁽¹⁾ Growth rate in local currency
L: life insurance company, NL : non life insurance company, C : Composite company (life and non life)

Exchange rate 2017 :
- at 31/12- Algeria DZD/USD: 0.00862 - Morocco MAD/USD: 0.1065 - Tunisia TND/USD: 0.40329
- at 30/06: Egypt EGP/USD: 0.0551
Exchange rate 2018 :
- at 31/12- Algeria DZD/USD: 0.00837 - Morocco MAD/USD: 0.10456 - Tunisia TND/USD: 0.33224
- at 30/06: Egypt EGP/USD: 0.05581

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Tue, 14/04/2020 - 16:51

North African insurance industry in 2018

Ranking of insurance companies in North Africa based on turnover - 2018

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