Magazine date:
Jul 2018 The United Arab Emirates, Saudi Arabia and Morocco remain at the top of the ranking. These three countries alone accounted for 68.6% of the total premium volume. Qatar ranks fourth with a market share of 8.74%.
Related article | MENA: Top 50 insurance companies [4]
Evolution of life and non-life premiums (2016-2017)
In millions USD| 2017 | 2016 | Market shares 2017 | Evolution 2016/2017 | |
|---|---|---|---|---|
Life premiums | 7 103 | 7 095 | 18.08% | 0.11% |
Non life premiums | 32 188 | 30 341 | 81.92% | 6.08% |
| Total market | 39 291 | 37 436 | 100% | 4.96% |
Insurance market in the Middle East and North Africa: Evolution of premiums of the main countries (2016-2017)
In millions USD| 2017 | 2016 | Market shares 2017 | Evolution 2016/2017 | |
|---|---|---|---|---|
United Arab Emirates | 13 519 | 11 949 | 34.41% | 13.16% |
Saudi Arabia | 9 717 | 9 828 | 24.74% | -1.13% |
Morocco | 3 718 | 3 561 | 9.46% | 4.41% |
Qatar | 3 435 ** | 2 935 | 8.74% | 17.03% |
Lebanon | 1 635 | 1 571 | 4.16% | 4.00% |
Egypt | 1 587 | 2 125 | 4.04% | -25.32% |
Algeria | 1 216 | 1 197 | 3.09% | 1.50% |
Oman | 1 214 | 1 071 | 3.09% | 13.35% |
Jordan | 854 | 821 | 2.17% | 4.02% |
Kuwait | 821 | 797 | 2.09% | 3.01% |
Tunisia | 813 | 857 | 2.07% | -5.02% |
Bahrain | 762 | 724 | 1.94% | 5.23% |
| Total market | 39 291 | 37 436 | 100% | 4.96% |
Insurance market in the Middle East and North Africa: Evolution of life premiums (2016-2017)
In million USD| 2017 | 2016 | Market shares 2017 | Evolution 2016/2017 | |
|---|---|---|---|---|
United Arab Emirates | 3 132 | 2 976 | 44.09% | 5.27% |
Morocco | 1 523 | 1 457 | 21.44% | 4.53% |
Egypt | 761 | 1 021 | 10.71% | -25.39% |
Lebanon | 505 | 484 | 7.11% | 4.55% |
Saudi Arabia* | 283 | 280 | 3.98% | 1.07% |
Tunisia | 166 | 175 | 2.34% | -5.14% |
Oman | 161 | 164 | 2.27% | -1.83% |
Kuwait | 153 | 150 | 2.15% | 2% |
Bahrain | 139 | 137 | 1.96% | 1.46% |
Algeria | 117 | 105 | 1.65% | 11.43% |
Jordan | 108 | 99 | 1.52% | 9.09% |
Qatar | 55 ** | 47 | 0.78% | 17.02% |
| Total market | 7 103 | 7 095 | 100% | 0.11% |
Insurance market in the Middle East and North Africa: Evolution of non life premiums (2016-2017)
In million USD| 2017 | 2016 | Market shares 2017 | Evolution 2016/2017 | |
|---|---|---|---|---|
United Arab Emirates | 10 387 | 8 975 | 32.27% | 15.75% |
Saudi Arabia | 9 434 | 9 548 | 29.31% | -1.19% |
Qatar | 3 380 ** | 2 888 | 10.50% | 17.04% |
Morocco | 2 195 | 2 103 | 6.82% | 4.37% |
Lebanon | 1 130 | 1 089 | 3.51% | 3.86% |
Algeria | 1 099 | 1 091 | 3.41% | 0.73% |
Oman | 1 053 | 906 | 3.27% | 16.22% |
Egypt | 826 | 1 104 | 2.57% | -25.18% |
Jordan | 746 | 722 | 2.32% | 3.32% |
Kuwait | 668 | 647 | 2.07% | 3.24% |
Tunisia | 647 | 682 | 2.01% | -5.13% |
Bahrain | 623 | 586 | 1.94% | 6.32% |
| Total market | 32 188 | 30 341 | 100% | 6.08% |
*Due to the unavailability of 2017 data, some countries of the Middle East and North Africa are not included in this study
** Data were estimated by Atlas Magazine Source : Sigma, Swiss Re Institute
** Data were estimated by Atlas Magazine Source : Sigma, Swiss Re Institute
