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The insurance market in the Middle East and North Africa in 2017
In 2017, the insurance market in the Middle East and North Africa experienced a premium increase of nearly 5% to 39.2 billion USD. It is the non-life business that is driving growth with an increase in inflows of 6% to 32.2 billion USD. Non-life insurance is still dominant with a market share of 81.9%.
The United Arab Emirates, Saudi Arabia and Morocco remain at the top of the ranking. These three countries alone account for 68.6% of the total premium volume. Qatar ranks fourth with a market share of 8.74%.

Evolution of life and non-life premiums 2016-2017
In millions USD
 2017 2016 Parts 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 in the Middle East and North Africa: Evolution of premiums in the main countries 2016-2017

In millions USD
 2017 2016 Parts 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 in the Middle East and North Africa: evolution of life premiums of the main countries (2016-2017)
In millions USD
 2017 2016 Parts 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%
* Savings and foresight
Insurance in the Middle East and North Africa: Evolution of non-life premiums in major countries
In millions USD
 2017 2016 Parts 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%
* 2017 data unavailable, some countries in the Middle East and North Africa are not included in this study


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