Top 10 insurance companies in Saudi Arabia: Ranking 2019

In thousands
RankCompanies2019 turnover2018-2019 evolution(1)
20192018In SARIn USD
11
Bupa Arabia
10 410 8682 772 51821.53%
22
Tawuniya
8 375 8602 230 5759.61%
33
AlRajhi Takaful
2 569 804684 365-13.58%
44
Medgulf
2 421 277644 81017.00%
55
AXA Cooperative
1 409 777375 438-2.50%
66
Walaa
1 215 394323 6729.99%
79
Allianz Saudi Franzi
1 011 666269 41716.19%
88
Al Etihad (Ex. Trade Union)
861 936229 542-7.30%
911
Malath Insurance
835 236222 43214.56%
107
SAICO
834 341222 193-12.17%
Total of top 10 Saudi insurance companies29 946 1597 974 9629.77%
Rest of the market**7 944 3412 115 6572.73%
Total market37 890 50010 090 6198.21%

(1) Growth rate in local currency
(2) 21 companies in 2018 and 20 companies in 2019
(3) Provisional turnover for 2019
Sources: Companies’reports

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