Figures in millions Show 2021 rankCompaniesClass of businessCountry2021 turnover2020 turnover2020-2021 evolution (1)In local currencyIn USDIn local currencyIn USD1SanlamLSouth Africa107 5716 74195 6456 52612.47%2Old Mutual LifeLSouth Africa55 9533 50755 8063 8080.26%3Liberty GroupLSouth Africa43 8012 74538 3392 61614.25%4SantamNLSouth Africa31 5021 97429 9762 0455.09%5MML Group Limited (2)LSouth Africa27 3281 90823 8111 37714.77%6Wafa AssuranceCMorocco9 0899738 3749308.53%7Guardrisk Insurance (2)NLSouth Africa12 09184411 1136438.80%8RMACMorocco7 6818226 87676311.70%9The Hollard Insurance (2)NLSouth Africa11 31279011 0516392.36%10Old Mutual InsureNLSouth Africa11 03169110 6447263.64%11Mutuelle Taamine ChaabiLMorocco6 3086755 7876439.00%12OUTsurance Insurance (2)NLSouth Africa9 4076578 8565126.22%13Misr Insurance (2)NLEgypt9 5916119 3425772.66%14Saham AssuranceCMorocco5 6216015 1265699.66%15Axa Assurance MarocCMorocco5 5675964 87254114.28%16AtlantaSanadCMorocco5 4015784 9385489.38%17Guardrisk Life (2)LSouth Africa8 0655637 5954396.19%18Misr Life Insurance Company (2)LEgypt7 6534874 96230654.24%19Hollard Life Assurance (2)LSouth Africa6 8554796 942402-1.24%20AVBOB Mutual Assurance (2)LSouth Africa5 1953634 7392749.62%21Bryte Insurance CompanyNLSouth Africa5 3883384 72432214.06%22Allianz Life Egypt (2)LEgypt5 0433214 21726019.59%23Discovery Insure Limited (2)NLSouth Africa4 3853063 70621418.32%24Assupol Holdings (2)LSouth Africa4 3593044 0042328.88%25Escap (3)NLSouth Africa4 3592923 16217637.85%26ABSA LifeLSouth Africa4 6242904 3532976.23%27Botswana Life Insurance LimitedLBotswana3 1392652 9372696.90%28Centriq Life InsuranceLSouth Africa4 1752622 59517760.93%29Metlife EgyptLEgypt4 0852603 68622810.84%30La Marocaine VieLMorocco2 3392502 1582408.38%31Centriq Insurance CompanyNLSouth Africa3 7742373 35922912.35%32Mutual & Federal Risk FinancingNLSouth Africa3 7482353 29022413.95%33Britam LifeLKenya25 89422723 32621211.01%34MCMACMorocco2 0672211 79820014.96%35Auto and General Insurance (2)NLSouth Africa3 0272113 030175-0.10%36AXA Life Egypt (2)LEgypt3 3082112 53015630.78%37SAANLAlgeria28 80020627 0412046.50%38ABSA Insurance NLSouth Africa3 2342033 1082124.06%39Miway InsuranceNLSouth Africa3 1711992 9131998.85%40Momentum Insure Company (2)NLSouth Africa2 7911953 236187-13.75%41Standard InsuranceNLSouth Africa3 0281902 9241993.58%42Lombard Insurance (2)NLSouth Africa2 6411842 15912522.33%43CAATNLAlgeria25 40418224 7511872.64%44ICEA Lion LifeLKenya20 00017614 82013534.95%45King Price Insurance (2)NLSouth Africa2 5121752 10112219.53%46AIICO InsuranceCNigeria71 64617461 98016215.60%47 ENSA seguros de AngolaCAngola97 76917484 61512815.55%48Leadway AssuranceCNigeria70 62417253 85914131.13%49Custodian & Allied CNigeria66 22816158 14315213.91%50Allianz Assurance MarocCMorocco1 4271531 572175-9.25%51Nedgroup Life AssuranceLSouth Africa2 3831492 2581545.54%52AXA Mansard InsuranceCNigeria60 19814647 58312426.51%53STARCTunisia3681283611331.88%54Clientele Life (2)LSouth Africa1 8001261 7561022.53%55MAMDANLMorocco1 1721251 0931217.29%56Budget Insurance (2)NLSouth Africa1 7951251 854107-3.19%57Ethiopian Insurance Coporation (2)CEthiopia6 5001246 0581387.30%58JubileeLKenya13 95512313 3141214.82%59CAARNLAlgeria16 25711714 8661129.36%60UAPNLKenya13 18311610 6059724.31%61CASH AssurancesNLAlgeria16 09711514 09110614.24%62SWAN LifeLMauritius5 1441154 7191169.01%63AIG South Africa Limited (4)NLSouth Africa1 8271131 7511154.34%64Compass InsuranceNLSouth Africa1 8011131 6391129.89%65SUNU VieLCôte d'Ivoire60 68410555 01710310.30%661 Life (2)LSouth Africa1 4981051 442833.91%67AXA Insurance (2)NLEgypt1 5931011 581980.75%68CIC GeneralNLKenya11 42210010 1979312.02%69Enterprise Life AssuranceLGhana609995218916.79%70SANLAMNLCôte d'Ivoire56 6609852 545987.83%71KenindiaLKenya11 127987 3726750.93%72GA InsuranceNLKenya11 022977 8417140.57%73APA InsuranceNLKenya10 627939 5098711.76%74GIG Egypt (2)NLEgypt1 463931 3158111.29%75CNMANLAlgeria12 6439113 05598-3.16%76Britam GeneralNLKenya9 882878 2547519.72%77Infiniti Insurance (3)NLSouth Africa1 283861 28972-0.47%78Old Mutual Alternative Risk TransferLSouth Africa1 341841 224839.57%79CATNLMorocco780836947712.35%80Jubilee HealthNLKenya9 342828 3377612.06%81Orient Takaful Insurance Co (2)NLEgypt1 284829746031.81%82COMARCTunisia23381223824.62%83Allianz Insurance Egypt (2)NLEgypt1 237791 140708.58%84SIC Life InsuranceLGhana476774026818.52%85MATUNLMorocco714765265835.84%86GATCTunisia218761897015.80%87Sanlam LifeLKenya8 524755 9105444.22%88SWANNLMauritius3 246723 051756.39%89Allianz Global CorporateNLSouth Africa1 151721 115763.15%90Bupa Egypt (2)NLEgypt1 127721 101682.37%91Mutual Benefits AssuranceCNigeria29 2997119 9845246.61%92NSIA VieLCôte d'Ivoire41 1077135 0576617.26%93Suez Canal Insurance (2)NLEgypt1 114711 0016211.32%94MaghrebiaNLTunisia20370186699.05%95Nedgroup InsuranceNLSouth Africa1 111701 104750.64%96N.E.M InsuranceNLNigeria27 8756822 0365826.50%97StarLife AssuranceLGhana412673225528.09%98Maroc Assistance InternationaleNLMorocco621665626210.58%99First for Women Insurance (2)NLSouth Africa9496698457-3.48%100ASTREECTunisia18765174647.40% (1) Evolution in local currency (2) The year ending June 30th (3) The year ending March 31th (4) The year ending November 30th L = Life NL = Non life C = Composite Who are the top 10 car insurance companies?The 10 largest car insurance companies, from highest to lowest market share, are State Farm, Geico, Progressive, Allstate, USAA, Liberty Mutual, Farmers Insurance, Nationwide, American Family Insurance and Travelers. Which is the best insurance company in South Africa?The best long- and short-term insurance companies in South Africa include Oneplan, Momentum Life Insurance, Absa Insurance Company, Discovery Insure, and Auto & General. These providers will protect you against unfortunate and expensive events that could derail your financial health. What is the most expensive car insurance in South Africa?Comprehensive vehicle insurance is typically the most expensive type of car cover, so you might be wondering if you really need this full coverage. How to choose car insurance in South Africa?Check your coverage: Make sure that your car insurance includes the types of coverage you need. For example, many policies include collision and comprehensive coverage. Make sure that you have the right amount of coverage and that it is appropriate for your car and driving history. |
