MENA zone reinsurers: technical ratios 2019-2021
| Company | Country | Non-life loss ratio in % | Non-life combined ratio in % | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 3-year average | 2019 | 2020 | 2021 | 3-year average | ||
| International General Insurance (IGI) | Jordan | 54.8 | 53.5 | 51 | 53.1 | 94.1 | 88 | 89 | 90.4 |
| Société Centrale de Réassurance | Morocco | 35.1 | 45.1 | 46.3 | 42.2 | 81.8 | 92.5 | 88.4 | 87.6 |
| Compagnie Centrale de Réassurance | Algeria | 59.4 | 52.7 | 51.4 | 54.5 | 84.3 | 82.2 | 77.8 | 81.4 |
| Saudi Re | Saudi Arabia | 63.6 | 58.2 | 61.3 | 61 | 95.4 | 94.7 | 96.2 | 95.4 |
| Arab Insurance Group (1) | Bahrain | 59.5 | 43 | -103.8 | -0.4 | 100.4 | 90.5 | -10.7 | 60.1 |
| Milli Re | Turkey | 89.2 | 88.8 | 113.9 | 97.3 | 122.4 | 123.9 | 150.6 | 132.3 |
| Hannover Re Takaful | Bahrain | 63.8 | 63.2 | 43.4 | 56.8 | 102.8 | 100.4 | 85.5 | 96.2 |
| Kuwait Re | Kuwait | 65.9 | 68.8 | 65.5 | 66.7 | 96.5 | 97.3 | 92.2 | 95.3 |
| Oman Re | Oman | 66.5 | 62.1 | 63.1 | 63.9 | 106.6 | 102.8 | 103 | 104.1 |
| Arab Re | Lebanon | 71.1 | 72.6 | 66.6 | 70.1 | 105.7 | 104 | 108 | 105.9 |
| Tunis Re | Tunisia | 62.3 | 60.3 | 57.2 | 59.9 | 99.2 | 96.2 | 98 | 97.8 |
| Trust Re | Bahrain | 88.9 | - | - | 88.9 | 150 | - | - | 150 |
(1) Arig has ceased operations since August 2020
Sources : AM Best et Atlas Magazine
