MENA: insurance market slowdown in 2018

The insurance written premiums in the Middle East and North Africa (MENA) reached 56.965 billion USD in 2018 against 58.936 billion USD in 2017, thus decreasing by 3.5%. Global premiums, however, rose by 4.8%.

MENA's market share in the global insurance also declined, going from 1.18% in 2017 down to 1.09% in 2018.

The United Arab Emirates, Turkey, Iran, and Saudi Arabia, still heading the ranking, accounted for 70.33% of the total premiums reported.

In millions USD

Global ranking		Country	Premiums		2017/2018 evolution	Market shares 2018
2018	2017		2018	2017
37	36	United Arab Emirates	12461	12204	2.10%	21.87%
41	39	Turkey	10452	12054	-15.30%	18.35%
39	41	Saudi Arabia	9463	9734	-2.90%	16.61%
44	42	Iran	7688	9054	-17.80%	13.50%
54	50	Morocco	4579	3997	12.70%	8.04%
51	-	Qatar	3038	2941	3.20%	5.33%
70	60	Lebanon	1604	1522	5.10%	2.82%
73	62	Egypt	1579	1618	-2.50%	2.77%
62	82	Kuwait	1307	1119	14.40%	2.29%
75	69	Algeria	1189	1223	-2.90%	2.09%
63	70	Oman	1116	1063	4.70%	1.96%
82	81	Jordan	895	836	6.60%	1.57%
83	83	Tunisia	870	856	1.60%	1.53%
88	86	Bahrain	724	715	1.20%	1.27%
		Total MENA	56965	58936	-3.50%	100.00%
		Total World	5193225	4957507	4.50%