Magazine date:
May 2017 The insurance industry in Yemen : turnover per company (2014-2015)
in thousands USD| 2014 | 2015 | 2015 shares | 2014/015 evolution | |
|---|---|---|---|---|
United Insurance | 52 970 | 53 035 | 51.9% | 0.1% |
Medical Insurance Specialist (1) | 14 240 | 9 170 | 9% | -35.6% |
Aman Insurance | 6 676 | 6 092 | 6% | -8.8% |
Yemen General Insurance | 7 062 | 6 040 | 5.9% | -14.5% |
Mareb Yemen Insurance | 6 714 | 5 524 | 5.4% | -17.7% |
Cooperative and Agricultural Credit Insurance | 13 513 | 5 356 | 5.2% | -60.4% |
Trust Insurance | 8 009 | 4 829 | 4.7% | -39.7% |
Islamic Insurance | 6 724 | 4 129 | 4% | -38.6% |
Yemeni Qatari Insurance | 3 092 | 2 905 | 2.9% | -6% |
Watania Insurance | 3 647 | 2 780 | 2.7% | -23.8% |
Saba Insurance | 1 458 | 1 038 | 1% | -28.8% |
Yemen Insurance | 1 698 | 1 020 | 1% | -40% |
Jazeera | - | 288 | 0.3% | - |
Total | 125 805 | 102 206 | 100% | -18.8% |
Top ten companies in 2015
(1) third party administrator for medical insurance (TPA) (2) 3 companies
The insurance industry in Yemen: turnover per class of business (2014-2015)
in thousands USD| 2014 | 2015 | 2015 market shares | 2014/015 evolution | |
|---|---|---|---|---|
Fire | 16 561 | 16 158 | 15.8% | -2,4% |
Marine | 15 952 | 9 461 | 9.3% | -40.7% |
Motor | 20 603 | 17 541 | 17.2% | -14.9% |
Workmen’s compensation | 632 | 541 | 0.5% | -14.5% |
Third party liability | 1 615 | 534 | 0.5% | -67% |
Other miscellaneous risks | 20 974 | 19 054 | 18.6% | -9.2% |
Engineering | 5 215 | 2 583 | 2.5% | -50.5% |
Life | 10 562 | 10 053 | 9.9% | -4,8% |
Health | 33 691 | 26 281 | 25.7% | -22% |
Total | 125 805 | 102 206 | 100% | -18.8% |
Turnover per class of business in 2015
Source: YIF (Yemen Insurance Federation) Exchange YER/USD as at 31/12 | 2014 | 2015 |
0.0005879 | 0.0004726 |
