Magazine date:
May 2022 
In 2022, ten insurers figured among the top 150 companies in the region.
Bupa Arabia has been selected as the first insurance brand with a valuation of 664 million USD. The second and third positions are held by Qatar Insurance Company (QIC) and Tawuniya which are respectively valued at 509 million USD and 496 million USD.
Top 10 insurers in the Middle East according the 2022 valuation
| Rank 2022 | Insurer | Country | Valuation (million USD) | Change in value | |
|---|---|---|---|---|---|
| 2021 | 2022 | ||||
| 1 | Bupa Arabia | Saudi Arabia | 618 | 664 | 7% |
| 2 | Qatar Insurance (QIC) | Qatar | 535 | 509 | -5% |
| 3 | Tawuniya | Saudi Arabia | 429 | 496 | 16% |
| 4 | Qatar Re | Qatar | 209 | 193 | -8% |
| 5 | ADNIC | United Arab Emirates | 76 | 113 | 49% |
| 6 | Orient Insurance | United Arab Emirates | 93 | 111 | 20% |
| 7 | Oman Insurance | United Arab Emirates | 79 | 105 | 32% |
| 8 | Gulf Insurance Group (GIG) | Kuwait | 71 | 75 | 6% |
| 9 | National Life & General Insurance | Oman | 77 | 70 | -9% |
| 10 | Emirates Insurance | United Arab Emirates | 37 | 34 | -8% |
Read also | Middle East insurance market [4]