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In terms of premiums, the United Arab Emirates ranked first, followed by Morocco and Turkey.
Just like non-life insurance, life premiums declined in Turkey (-30.9%), Iran (-24.6%) and Algeria (-17.1%) in 2018 against an increase of 10.8% in 2017 for the latter country.
For their part, Morocco, Kuwait and the United Arab Emirates recorded increases of 18.4% (+11%) and (+6.9%) respectively.
MENA: Evolution of life insurance premiums between 2017 and 2018
In millions USD| Global ranking | Country | Premiums | 2017/2018 evolution | 2018 total premiums | 2018 life market share | ||
|---|---|---|---|---|---|---|---|
| 2018 | 2017 | 2018 | 2017 | ||||
| 40 | 38 | United Arab Emirates | 2 854 | 2 656 | 7.45% | 12 461 | 22.90% |
| 44 | 51 | Morocco | 2 147 | 1 752 | 22.55% | 4 579 | 46.89% |
| 51 | 45 | Turkey | 1 417 | 1 855 | -23.61% | 10 452 | 13.56% |
| 53 | 52 | Iran | 1 010 | 1 258 | -19.71% | 7 688 | 13.14% |
| 58 | 56 | Egypt | 677 | 687 | -1.46% | 1 579 | 42.88% |
| 62 | 63 | Lebanon | 524 | 498 | 5.22% | 1 603 | 32.69% |
| 71 | 70 | Saudi Arabia | 306 | 304 | 0.66% | 9 463 | 3.23% |
| 80 | 79 | Tunisia | 186 | 183 | 1.64% | 870 | 21.38% |
| 81 | 81 | Kuwait | 163 | 145 | 12.41% | 1 307 | 12.47% |
| 82 | 80 | Oman | 156 | 146 | 6.85% | 1 116 | 13.98% |
| 84 | 82 | Bahrain | 142 | 139 | 2.16% | 724 | 19.61% |
| 85 | 85 | Jordan | 120 | 112 | 7.14% | 895 | 13.41% |
| 86 | 83 | Algeria | 105 | 123 | -14.63% | 1 189 | 8.83% |
| 88 | Qatar | - | - | - | 3 038 | - | |
| Total MENA | 9 807 | 9 858 | -0.52% | 56 964 | 17.22% | ||
| Total World | 2 820 175 | 2 724 017 | 3.53% | 5 193 225 | 54.30% | ||
Read also | MENA: The non-life insurance market in 2018