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Best's Rankings
Largest 30 MENA Insurers — 2022 Edition

Insurers were ranked by 2020 gross premiums written.
  • January 2022
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(US$ thousands)

Rank Company Country
of Domicile		 Gross
Premiums
Written		 Capital &
Surplus
1 Harel Insurance Company Ltd. Israel 4,479,250 1,657,712
2 Migdal Insurance Company Limited Israel 4,042,987 2,021,750
3 Qatar Insurance Company Q.S.P.C. Qatar 3,383,907 2,275,664
4 Phoenix Insurance Company Ltd Israel 3,239,652 1,929,414
5 Clal Insurance Company Limited Israel 2,996,427 1,702,639
6 BUPA Arabia for Cooperative Insurance Co Saudi Arabia 2,785,787 1,040,696
7 Company for Cooperative Insurance Saudi Arabia 2,416,320 749,116
8 Menorah Mivtachim Insurance Company Ltd. Israel 2,210,604 659,946
9 Gulf Insurance Group K.S.C.P. Kuwait 1,470,477 386,218
10 Turkiye Sigorta A.S. Turkey 1,207,316 485,515
11 Orient Insurance PJSC United Arab Emirates 1,156,482 915,355
12 Allianz Sigorta A.S. Turkey 1,105,189 550,052
13 Abu Dhabi National Insurance Co PJSC United Arab Emirates 1,092,520 682,675
14 Anadolu Anonim Turk Sigorta Sirketi Turkey 1,088,933 424,455
15 Ayalon Insurance Company Limited Israel 1,003,024 201,325
16 Oman Insurance Company P.S.C. United Arab Emirates 976,224 563,912
17 WAFA Assurance Morocco 950,726 679,133
18 Gulf Insurance and Reins Co KSC (Closed) Kuwait 835,980 151,746
19 Al Rajhi Company for Cooperative Ins Saudi Arabia 728,721 296,616
20 Royale Marocaine d'Assurance Morocco n/a n/a
21 Aksigorta A.S. Turkey 716,220 168,916
22 Medgulf KSA Saudi Arabia 675,825 202,573
23 AXA Sigorta A.S. Turkey 632,704 340,053
24 Misr Insurance Company Egypt 613,124 1,479,149
25 AXA Insurance (Gulf) B.S.C.(c) Bahrain 584,673 331,648
26 SAHAM Assurance Maroc Morocco 581,949 508,438
27 AtlantaSanad Assurance Morocco 560,567 400,325
28 AXA Assurance Maroc Morocco 553,089 491,602
29 Misr Life Insurance Company Egypt 496,434 708,456
30 HDI Sigorta A.S. Turkey 472,200 146,080

n/a - Data not available at time of publication. Position in ranking is based upon 2019 premium.

Source: BestLink logo


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