The Moroccan insurance market: financial indicators 2016
The Moroccan insurance market: ranking of insurers per shareholder's equity in 2016
in thousands| Shareholder's equity | ||
|---|---|---|
| In MAD (1) | In USD | |
Royale Marocaine d'Assurances | 5 660 000 | 562 151 |
Mutuelle Centrale Marocaine d'Assurance | 5 396 000 | 535 931 |
WAFA Assurance | 5 181 000 | 514 577 |
Mutuelle Agricole Marocaine d'Assurance | 5 021 000 | 498 686 |
AXA Assurance Maroc | 4 172 000 | 414 363 |
SAHAM Assurance | 3 646 000 | 362 121 |
ATLANTA | 1 215 000 | 120 674 |
Allianz Maroc (2) | 959 000 | 95 248 |
SANAD | 799 000 | 79 357 |
Compagnie d'Assurances Transport | 638 000 | 63 366 |
Marocaine Vie | 553 000 | 54 924 |
Maroc Assistance Internationale | 308 000 | 30 591 |
SAHAM Assistance | 194 000 | 19 268 |
Mutuelle Attamine Chaabi (MAC) | 91 000 | 9 038 |
WAFA IMA Assistance | 91 000 | 9 038 |
Euler Hermes ACMAR | 76 000 | 7 548 |
AXA Assistance Maroc | 34 000 | 3 377 |
Mutuelle d'Assurances des Transporteurs | 26 000 | 2 582 |
COFACE Maroc | 15 000 | 1 490 |
Total | 34 075 000 | 3 384 329 |
(2) Former Zurich Assurance Maroc
The Moroccan insurance market: ranking of insurers per net result in 2016
in thousands| Net result | ||
|---|---|---|
| In MAD (1) | In USD | |
WAFA Assurance | 841 000 | 83 528 |
Royale Marocaine d'Assurances | 752 000 | 74 689 |
Mutuelle Centrale Marocaine d'Assurance | 332 000 | 32 974 |
SAHAM Assurance | 282 000 | 28 008 |
Compagnie d'Assurances Transport | 198 000 | 19 665 |
ATLANTA | 161 000 | 15 991 |
Mutuelle Agricole Marocaine d'Assurance | 161 000 | 15 991 |
Allianz Maroc(2) | 109 000 | 10 826 |
AXA Assurance Maroc | 97 000 | 9 634 |
SANAD | 77 000 | 7 648 |
Marocaine Vie | 71 000 | 7 052 |
Maroc Assistance Internationale | 57 000 | 5 661 |
SAHAM Assistance | 40 000 | 3 973 |
Mutuelle Attamine Chaabi (MAC) | 32 000 | 3 178 |
WAFA IMA Assistance | 21 000 | 2 086 |
Euler Hermes ACMAR | 10 000 | 993 |
Mutuelle d'Assurances des Transporteurs | - 13 000 | - 1 291 |
COFACE Maroc | - 17 000 | - 1 688 |
AXA Assistance Maroc | - 20 000 | - 1 986 |
Total | 3 191 000 | 316 930 |
(2) Former Zurich Assurance Maroc
The Moroccan insurance market: ranking of insurers per technical provisions in 2016
in thousands| Gross tehncial provisions | ||
|---|---|---|
| In MAD (1) | In USD | |
WAFA Assurance | 30 229 000 | 3 002 344 |
Royale Marocaine d'Assurances | 25 545 000 | 2 537 129 |
Mutuelle Centrale Marocaine d'Assurance | 19 637 000 | 1 950 347 |
SAHAM Assurance | 12 627 000 | 1 254 114 |
Compagnie d'Assurances Transport | 8 169 000 | 811 345 |
ATLANTA | 7 994 000 | 793 964 |
Mutuelle Agricole Marocaine d'Assurance | 5 811 000 | 577 149 |
Allianz Maroc (2) | 5 615 000 | 557 682 |
AXA Assurance Maroc | 5 151 000 | 511 597 |
SANAD | 3 431 000 | 340 767 |
Marocaine Vie | 2 418 000 | 240 156 |
Maroc Assistance Internationale | 2 089 000 | 207 479 |
SAHAM Assistance | 1 774 000 | 176 194 |
Mutuelle Attamine Chaabi (MAC) | 406 000 | 40 324 |
WAFA IMA Assistance | 201 000 | 19 963 |
Euler Hermes ACMAR | 196 000 | 19 467 |
Mutuelle d'Assurances des Transporteurs | 135 000 | 13 408 |
COFACE Maroc | 66 000 | 6 555 |
AXA Assistance Maroc | 52 000 | 5 165 |
Total | 131 546 000 | 13 065 149 |
(2) Former Zurich Assurance Maroc Source: ACAPS (the insurance and social welfare supervisory authority)
Exchange rate MAD/USD as at 31/12 | 2015 | 2016 |
0.10158 | 0.09932 |
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