Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Jul 2021

Middle East: Total assets of top 5 insurers in the region jump by 7% in 2020

Source: Middle East Insurance Review | Jun 2021

The total assets of the five largest listed insurance companies in the Arab region increased by 7% in 2020 to reach $26.2bn, compared to $24.5bn in 2019, according to a Forbes Middle East report.
 
Qatar Insurance Company (QIC) topped the ranking, as its assets grew by 8% to QAR42.58bn ($11.7bn) at the end of last December.
 
Morocco’s Wafa Assurance is placed second with total assets of $5bn, followed by Saudi Arabia’s Tawuniya with a value of $3.8bn; then by Bupa Arabia with a value of $3.1bn while Kuwait’s Gulf Insurance Group ranked fifth with total assets of $2.7bn.
 
In terms of ranking by net profit, Bupa Arabia leads the pack with $185.6m, followed by Tawuniya with $105m.
 
The following table summarises the positions of the top 5 insurers in the Arab insurance sector. M 
 
Rank Assets as at 31 Dec 2020 ($bn) 2020 net profit ($m)
1 QIC 11.7 Bupa Arabia 185.6
2 Wafa 5.0 Tawuniya 105.0
3 Tawuniya 3.8 Gulf Insurance Group 54.2
4 Bupa Arabia 3.1 Wafa 42.3
5 Gulf Insurance Group 2.7 QIC 27.7
 
| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.