Ranking of insurers in North Africa
Figures in thousands
Rank 2021 | Companies | Class of business | Country | Turnover | 2020-2021 evolution (1) | |||
---|---|---|---|---|---|---|---|---|
2021 | 2020 | |||||||
Local currency | USD | Local currency | USD | |||||
1 | Wafa Assurance | C | Morocco | 9 088 900 | 972 512 | 8 374 200 | 929 704 | 8.53% |
2 | RMA | C | Morocco | 7 680 700 | 821 835 | 6 876 000 | 763 374 | 11.70% |
3 | Mutuelle Taamine Chaabi | L | Morocco | 6 308 400 | 674 999 | 5 787 300 | 642 506 | 9.00% |
4 | Misr Insurance | NL | Egypt | 9 590 554 | 610 631 | 9 341 882 | 577 048 | 2.66% |
5 | Saham Assurance | C | Morocco | 5 621 100 | 601 458 | 5 126 000 | 569 089 | 9.66% |
6 | Axa Assurance Maroc | C | Morocco | 5 567 400 | 595 712 | 4 871 700 | 540 856 | 14.28% |
7 | AtlantaSanad | C | Morocco | 5 400 800 | 577 886 | 4 937 600 | 548 172 | 9.38% |
8 | Misr Life Insurance Company | L | Egypt | 7 652 574 | 487 239 | 4 961 503 | 306 472 | 54.24% |
9 | Allianz Life Egypt | L | Egypt | 5 042 720 | 321 070 | 4 216 677 | 260 464 | 19.59% |
10 | Metlife Egypt | L | Egypt | 4 085 402 | 260 118 | 3 685 876 | 227 677 | 10.84% |
11 | Marocaine Vie | L | Morocco | 2 339 100 | 250 284 | 2 158 200 | 239 603 | 8.38% |
12 | MCMA | C | Morocco | 2 067 000 | 221 169 | 1 798 000 | 199 614 | 14.96% |
13 | AXA Life Egypt | L | Egypt | 3 308 188 | 210 632 | 2 529 557 | 156 251 | 30.78% |
14 | SAA | NL | Algeria | 28 800 000 | 206 496 | 27 041 000 | 203 889 | 6.50% |
15 | CAAT | NL | Algeria | 25 404 000 | 182 147 | 24 751 000 | 186 622 | 2.64% |
16 | Allianz Assurance Maroc | C | Morocco | 1 426 800 | 152 668 | 1 572 300 | 174 557 | -9.25% |
17 | STAR | C | Tunisia | 368 200 | 127 776 | 361 400 | 133 349 | 1.88% |
18 | MAMDA | NL | Morocco | 1 172 100 | 125 415 | 1 092 500 | 121 289 | 7.29% |
19 | CAAR | NL | Algeria | 16 257 000 | 116 563 | 14 866 000 | 112 090 | 9.36% |
20 | CASH Assurances | NL | Algeria | 16 097 000 | 115 415 | 14 091 000 | 106 246 | 14.24% |
Read also | Top 100 insurance companies in Africa
21 | AXA Insurance | NL | Egypt | 1 592 756 | 101 411 | 1 580 840 | 97 648 | 0.75% |
22 | GIG Egypt | NL | Egypt | 1 463 391 | 93 174 | 1 314 953 | 81 225 | 11.29% |
23 | CNMA | NL | Algeria | 12 643 000 | 90 650 | 13 055 000 | 98 435 | -3.16% |
24 | CAT | NL | Morocco | 779 800 | 83 438 | 694 100 | 77 059 | 12.35% |
25 | Orient Takaful Insurance Company | NL | Egypt | 1 283 501 | 81 721 | 973 785 | 60 151 | 31.81% |
26 | COMAR | C | Tunisia | 233 300 | 80 962 | 223 000 | 82 282 | 4.62% |
27 | Allianz Insurance Egypt | NL | Egypt | 1 237 482 | 78 790 | 1 139 678 | 70 398 | 8.58% |
28 | MATU | NL | Morocco | 714 100 | 76 409 | 525 700 | 58 363 | 35.84% |
29 | GAT | C | Tunisia | 218 400 | 75 791 | 188 600 | 69 590 | 15.80% |
30 | Bupa Egypt | NL | Egypt | 1 126 780 | 71 742 | 1 100 640 | 67 987 | 2.37% |
31 | Suez Canal Insurance | NL | Egypt | 1 114 279 | 70 946 | 1 001 006 | 61 832 | 11.32% |
32 | Maghrebia | NL | Tunisia | 202 500 | 70 274 | 185 700 | 68 520 | 9.05% |
33 | Maroc Assistance Internationale | NL | Morocco | 620 900 | 66 436 | 561 500 | 62 338 | 10.58% |
34 | ASTREE | C | Tunisia | 187 200 | 64 964 | 174 300 | 64 313 | 7.40% |
35 | Egyptian Takaful Insurance | NL | Egypt | 974 526 | 62 048 | 932 631 | 57 609 | 4.49% |
36 | CIAR | NL | Algeria | 8 652 000 | 62 035 | 8 729 000 | 65 817 | -0.88% |
37 | Assurances BIAT | C | Tunisia | 171 400 | 59 481 | 127 700 | 47 119 | 34.22% |
38 | QNB Alahli Life Insurance | L | Egypt | 933 680 | 59 447 | 735 854 | 45 454 | 26.88% |
39 | Egyptian Life Takaful Insurance | L | Egypt | 923 044 | 58 770 | 632 883 | 39 093 | 45.85% |
40 | MAE | C | Tunisia | 151 900 | 52 714 | 135 400 | 49 960 | 12.19% |
41 | BH Assurance | C | Tunisia | 147 500 | 51 187 | 127 600 | 47 082 | 15.60% |
42 | Royal Insurance | NL | Egypt | 801 402 | 51 025 | 602 057 | 37 189 | 33.11% |
43 | CTAMA | C | Tunisia | 144 900 | 50 285 | 121 600 | 44 868 | 19.16% |
44 | LLOYD Assurance | C | Tunisia | 144 400 | 50 111 | 130 200 | 48 041 | 10.91% |
45 | AMI | C | Tunisia | 142 900 | 49 591 | 144 200 | 53 207 | -0.90% |
46 | Delta Insurance | NL | Egypt | 736 954 | 46 922 | 600 072 | 37 066 | 22.81% |
47 | Attijari Assurance | L | Tunisia | 133 100 | 46 190 | 101 000 | 37 267 | 31.78% |
48 | CARTE | NL | Tunisia | 132 000 | 45 808 | 126 800 | 46 787 | 4.10% |
49 | Trust Algérie | NL | Algeria | 6 060 000 | 43 450 | 4 758 000 | 35 875 | 27.36% |
50 | Suez Canal Life Insurance | L | Egypt | 673 136 | 42 859 | 560 355 | 34 613 | 20.13% |
51 | Wethaq Takaful Insurance | NL | Egypt | 601 330 | 38 287 | 516 661 | 31 914 | 16.39% |
52 | Mohandes Insurance Company | NL | Egypt | 545 164 | 34 711 | 504 143 | 31 141 | 8.14% |
53 | Egyptian Saudi Insurance House | NL | Egypt | 543 340 | 34 594 | 441 254 | 27 256 | 23.14% |
54 | Alliance Assurances | NL | Algeria | 4 823 000 | 34 581 | 4 728 000 | 35 649 | 2.01% |
55 | Africa First Assist (2) | NL | Morocco | 322 000 | 34 454 | 325 800 | 36 170 | -1.17% |
56 | Maghrebia Vie | L | Tunisia | 91 800 | 31 857 | 77 300 | 28 522 | 18.76% |
57 | Salama Assurances | NL | Algeria | 4 322 000 | 30 989 | 4 558 000 | 34 367 | -5.18% |
58 | Wafa Ima Assistance | NL | Morocco | 281 600 | 30 131 | 258 300 | 28 677 | 9.02% |
59 | Zitouna Takaful | C | Tunisia | 81 300 | 28 213 | 67 600 | 24 943 | 20.27% |
60 | Assurances Hayett | L | Tunisia | 80 600 | 27 971 | 58 400 | 21 548 | 38.01% |
61 | 2A | NL | Algeria | 3 842 000 | 27 547 | 3 822 000 | 28 818 | 0.52% |
62 | Cardif El Djazair | L | Algeria | 3 217 000 | 23 066 | 2 948 000 | 22 228 | 9.12% |
63 | CARTE Vie | L | Tunisia | 66 100 | 22 939 | 75 800 | 27 969 | -12.80% |
64 | GAM | NL | Algeria | 3 163 000 | 22 679 | 3 290 000 | 24 807 | -3.86% |
65 | Sarwa Insurance | NL | Egypt | 300 308 | 19 121 | 158 764 | 9 807 | 89.15% |
66 | Co. Operative Insurance Society | NL | Egypt | 275 059 | 17 513 | 204 126 | 12 609 | 34.75% |
67 | Delta Life Assurance | L | Egypt | 272 968 | 17 380 | 241 067 | 14 891 | 13.23% |
68 | Chubb Life Egypt | L | Egypt | 267 133 | 17 008 | 242 958 | 15 008 | 9.95% |
69 | Libano-Suisse Takaful | L | Egypt | 261 861 | 16 673 | 255 706 | 15 795 | 2.41% |
70 | El Amana Takaful | C | Tunisia | 43 600 | 15 130 | 33 500 | 12 361 | 30.15% |
71 | Iskan Insurance | NL | Egypt | 231 521 | 14 741 | 223 030 | 13 777 | 3.81% |
72 | Euler Hermes ACMAR | NL | Morocco | 134 200 | 14 359 | 136 300 | 15 132 | -1.54% |
73 | AGLIC | L | Algeria | 1 968 000 | 14 110 | 1 692 000 | 12 758 | 16.31% |
74 | Tokio Marine Egypt General Takaful | NL | Egypt | 220 498 | 14 039 | 189 998 | 11 736 | 16.05% |
75 | Egyptian Takaful Insurance | NL | Egypt | 219 620 | 13 983 | 194 757 | 12 030 | 12.77% |
76 | Misr Emirates Takaful Life Insurance | L | Egypt | 207 151 | 13 189 | 147 046 | 9 083 | 40.87% |
77 | RMA Assistance | NL | Morocco | 123 000 | 13 161 | 109 200 | 12 123 | 12.64% |
78 | AIG Insurance | NL | Egypt | 203 001 | 12 925 | 245 605 | 15 171 | -17.35% |
79 | GAT Vie | L | Tunisia | 36 900 | 12 805 | 63 900 | 23 578 | -42.25% |
80 | Caarama Assurances | L | Algeria | 1 739 000 | 12 469 | 1 557 000 | 11 740 | 11.69% |
81 | AXA Assurances Algérie Vie | L | Algeria | 1 690 000 | 12 117 | 1 908 000 | 14 386 | -11.43% |
82 | Attakafulia | C | Tunisia | 34 800 | 12 077 | 29 700 | 10 959 | 17.17% |
83 | SAPS | L | Algeria | 1 666 000 | 11 945 | 1 500 000 | 11 310 | 11.07% |
84 | AXA Assurances Algérie Dommage | NL | Algeria | 1 632 000 | 11 701 | 1 860 000 | 14 024 | -12.26% |
85 | Arope Insurance | NL | Egypt | 179 125 | 11 405 | 161 726 | 9 990 | 10.76% |
86 | TALA | L | Algeria | 1 386 000 | 9 938 | 1 170 000 | 8 822 | 18.46% |
87 | Coface Maroc | NL | Morocco | 71 200 | 7 618 | 81 100 | 9 004 | -12.21% |
88 | Macir Vie | L | Algeria | 1 026 000 | 7 356 | 846 000 | 6 379 | 21.28% |
89 | Sarwa Life | L | Egypt | 106 508 | 6 781 | 58 763 | 3 630 | 81.25% |
90 | Mohandes Life Insurance Company | L | Egypt | 103 312 | 6 578 | 91 077 | 5 626 | 13.43% |
91 | Axa Assistance Maroc | NL | Morocco | 55 800 | 5 970 | 47 000 | 5 218 | 18.72% |
92 | Arope Life Insurance | L | Egypt | 88 483 | 5 634 | 74 454 | 4 599 | 18.84% |
93 | Cotunace | NL | Tunisia | 14 000 | 4 858 | 12 200 | 4 501 | 14.75% |
94 | Mada Insurance (3) | NL | Egypt | 70 240 | 4 472 | - | - | - |
95 | Export Credit Guarantee Company | NL | Egypt | 70 027 | 4 459 | 25 497 | 1 574 | 174.65% |
96 | Chubb Insurance | NL | Egypt | 68 968 | 4 391 | 83 782 | 5 175 | -17.68% |
97 | Smaex | NL | Morocco | 34 700 | 3 713 | 27 600 | 3 064 | 25.72% |
98 | KAF Life Takaful Insurance (4) | L | Egypt | 49 410 | 3 146 | 42 291 | 2 612 | 16.83% |
99 | Le Mutualiste | L | Algeria | 386 000 | 2 768 | 386 000 | 2 910 | 0.00% |
100 | LLOYD Vie | L | Tunisia | 6 400 | 2 221 | 5 000 | 1 845 | 28.00% |
101 | Al Wataniya Insurance | NL | Egypt | 25 945 | 1 652 | - | - | - |
Total North Africa | - | 10 372 081 | - | 9 493 296 | 9.26% |
---|
(1) Evolution in local currency
(2) SAHAM Assistance becomes Africa First Assist in 2021
(3) Mada Insurance started its activities in 2020
(4) Ex. Tokyo marine family takaful
C : Composite company (life and non-life)
NV : Non-life company
V : Life company
Exchange rate 2021 :
as at 31/12 : Tunisia USD/TND : 2.87459 ; Algeria USD/DZD : 138.599 ; Morocco USD/MAD : 9.14259
as at 30/06 : Egypt USD/EGP : 15.6422
Exchange rate 2020 :
as at 31 /12 : Tunisia USD/TND : 2.64677 ; Algeria USD/DZD : 131.705 ; Morocco USD/MAD : 8.80828
as at 30/06 : Egypt USD/EGP : 16.127
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Thu, 17/11/2022 - 14:38
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