Ranking of non-life insurance companies in North Africa per turnover

Magazine Issue:

The pandemic risk, insurers’ future Eldorado [3]

Magazine date:

Jul 2020

Figures in thousands

Rank	Company	Country	2018		2017		2017-2018 evolution ⁽¹⁾
Rank	Company	Country	Local currency	USD	Local currency	USD	2017-2018 evolution ⁽¹⁾
1	Misr Insurance	Egypt	8 557 116	477 573	7 066 495	389 364	21.1%
2	SAA	Algeria	27 679 000	231 700	26 527 000	228 700	4.3%
3	CAAT	Algeria	24 126 000	201 900	23 128 000	199 400	4.3%
4	CAAR	Algeria	15 195 000	127 200	15 154 000	130 600	0.3%
5	CNMA	Algeria	14 025 000	117 400	13 012 000	112 200	7.8%
6	Mutuelle Agricole Marocaine D'Assurance	Morocco	1 000 700	104 600	928 900	98 900	7.7%
7	CIAR	Algeria	10 099 000	84 500	9 174 000	79 100	10.1%
8	Cash Assurances	Algeria	9 499 000	79 500	10 761 000	92 800	-11.7%
9	Compagnie d'Assurances Transport	Morocco	688 800	72 000	670 100	71 400	2.8%
10	Saham Assistance	Morocco	555 000	58 000	500 300	53 300	10.9%

Read also | North Africa : ranking of insurers in 2019 [4]

11	Maroc Assistance Internationale	Morocco	541 700	56 600	448 800	47 800	20.7%
12	GIG Egypt	Egypt	971 202	54 203	752 366	41 455	29.1%
13	Bupa Egypt	Egypt	966 665	53 950	858 646	47 311	12.6%
14	Maghrebia	Tunisia	159 500	53 000	144 000	58 100	10.8%
15	Suez Canal Insurance	Egypt	938 082	52 354	800 044	44 082	17.3%
16	Salama	Algeria	5 158 000	43 200	4 787 000	41 300	7.8%
17	Alliance Assurances	Algeria	5 002 000	41 900	4 802 000	41 400	4.2%
18	Orient Takaful Insurance Company	Egypt	734 505	40 993	562 981	31 020	30.5%
19	Allianz Insurance Egypt	Egypt	734 044	40 967	548 833	30 241	33.7%
20	Egyptian Takaful Insurance	Egypt	644 789	35 986	424 857	23 410	51.8%
21	Carte	Tunisia	105 000	34 900	102 400	41 300	2.5%
22	Mutuelle D'Assurances Des Transporteurs Unis	Morocco	317 700	33 200	277 000	29 500	14.7%
23	AXA Insurance	Egypt	589 365	32 892	308 926	17 022	90.8%
24	GAM	Algeria	3 859 000	32 300	3 464 000	29 900	11.4%
25	2A	Algeria	3 849 000	32 200	3 629 000	31 300	6.1%
26	Trust Algeria	Algeria	3 547 000	29 700	2 746 000	23 700	29.2%
27	Royal Insurance	Egypt	530 073	29 583	453 796	25 004	16.8%
28	Wafa IMA Assistance	Morocco	268 400	28 100	244 200	26 000	9.9%
29	AXA Assurances Algerie Dommages	Algeria	2 967 000	24 800	3 066 000	26 400	-3.2%
30	Mohandes Insurance Company	Egypt	429 760	23 985	327 280	18 033	31.3%
31	Delta Insurance	Egypt	336 539	18 782	264 006	14 547	27.5%
32	Iskan Insurance	Egypt	298 298	16 648	155 474	8 567	91.9%
33	Wethaq Takaful Insurance	Egypt	277 689	15 498	176 592	9 730	57.2%
34	Egyptian Saudi Insurance House	Egypt	276 421	15 427	211 762	11 668	30.5%
35	AIG	Egypt	267 190	14 912	356 236	19 629	-25.0%
36	Euler Hermes ACMAR	Morocco	134 600	14 100	125 800	13 400	7.0%
37	Co. Operative Insurance Society. Egypt	Egypt	201 265	11 233	115 638	6 372	74.0%
38	Tokio Marine Egypt General Takaful	Egypt	192 158	10 724	138 596	7 637	38.6%
39	AXA Assistance	Morocco	93 100	9 700	119 600	12 700	-22.2%
40	Arope Insurance	Egypt	155 460	8 676	128 332	7 071	21.1%
41	Coface Maroc	Morocco	55 200	5 800	55 500	5 900	-0.5%
42	Cotunace	Tunisia	15 100	5 000	12 800	5 200	18.0%
43	Medgulf Insurance	Egypt	76 809	4 287	-	-	-
44	Chubb Insurance	Egypt	72 277	4 034	61 928	3 412	16.7%
45	United Insurance	Egypt	67 421	3 763	67 538	3 721	-0.2%
46	Egyptian Takaful Insurance	Egypt	38 434	2 145	-	-	-
47	SMAEX	Morocco	20 200	2 100	-	-	-
48	Export Credit Guarantee Company Of Egypt	Egypt	8 021	448	5 463	301	46.8%

Read also | Ranking of insurance companies in North Africa [5]

Ranking of non-life insurance companies in North Africa per turnover - 2018