Top 10 insurance companies in Saudi Arabia: ranking 2020
In thousands
| Rank 2020 | Insurers | 2020 turnover | 2019 turnover | 2019-2020 evolution * | 2020 shares | ||
|---|---|---|---|---|---|---|---|
| In SAR | In USD | In SAR | In USD | ||||
| 1 | Bupa Arabia | 10 447 353 | 2 782 130 | 10 410 868 | 2 772 518 | 0.35% | 26.94% |
| 2 | Tawuniya | 9 061 768 | 2 413 149 | 8 375 860 | 2 230 575 | 8.19% | 23.37% |
| 3 | Al Rajhi Takaful | 2 732 873 | 727 764 | 2 569 804 | 684 365 | 6.35% | 7.05% |
| 4 | Medgulf | 2 534 501 | 674 938 | 2 421 277 | 644 810 | 4.68% | 6.53% |
| 5 | Walaa | 1 472 703 | 392 181 | 1 215 394 | 323 672 | 21.17% | 3.80% |
| 6 | AXA Cooperative | 1 417 826 | 377 567 | 1 409 777 | 375 438 | 0.57% | 3.66% |
| 7 | SAICO | 795 038 | 211 719 | 834 341 | 222 193 | -4.71% | 2.05% |
| 8 | Malath Insurance | 781 568 | 208 131 | 835 236 | 222 432 | -6.43% | 2.01% |
| 9 | Al Etihad Cooperative | 741 665 | 197 505 | 861 936 | 229 542 | -13.95% | 1.91% |
| 10 | Allianz Saudi Fransi | 674 731 | 179 681 | 1 011 666 | 269 417 | -33.30% | 1.74% |
| Total of the top 10 insurers | 30 660 026 | 8 164 765 | 29 946 159 | 7 974 962 | 2.38% | 79.06% | |
| Rest of the market ** | 8 118 674 | 2 162 003 | 7 944 341 | 2 115 657 | 2.19% | 20.94% | |
| Grand total | 38 778 700 | 10 326 768 | 37 890 500 | 10 090 619 | 2.34% | 100% | |
* Evolution in local currency
** 20 companies
Exchange rate as at 31/12/2020 : 1 SAR = 0.2663 USD ; 31/12/2019 : 1 SAR = 0.26631 USD
Read also | Saudi insurance market
