Moroccan insurance market in 2024

June 30, 2025
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Figures in thousands

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Classes of businessTurnover 2024Turnover 20232023-2024
evolution (1)
2024
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MADUSDMADUSD
Motor15 171 9001 470 00514 370 5001 428 2845.58%25.41%
Bodily injury5 621 600544 6775 389 600535 6724.30%9.41%
Workmen's compensation (2)2 754 100266 8452 557 000254 1407.71%4.61%
Fire2 483 300240 6072 284 200227 0278.72%4.16%
Assistance, credit, bond1 857 700179 9931 769 700175 8904.97%3.11%
Marine814 00078 868839 90083 478-3.08%1.36%
General third party liability785 80076 136741 50073 6985.97%1.32%
Natural catastrophes (GCEC) (3)638 60061 874571 70056 82111.70%1.07%
Technical risks380 50036 867459 20045 640-17.14%0.64%
Other non-life operations1 136 300110 0961 096 700109 0013.61%1.90%
Non-life acceptances (4)839 30081 320765 20076 0539.68%1.41%
Total non-life32 483 1003 147 28830 845 2003 065 7045.31%54.40%
Capitalization12 822 8001 242 40110 652 6001 058 76220.37%21.47%
Individual insurance9 738 400943 55310 518 4001 045 424-7.42%16.31%
Group insurance3 102 600300 6113 483 700346 245-10.94%5.20%
Variable contracts1 564 700151 6041 256 200124 85424.56%2.62%
Life acceptances30029----
Other life operations--50049--
Total life & capitalization27 228 8002 638 19825 911 4002 575 3345.08%45.60%
Grand total59 711 9005 785 48656 756 6005 641 0385.21%100%

(1) Evolution in local currency
(2) Including occupational diseases
(3) Coverage against the consequences of catastrophic events (GCEC)
(4) Including GCEC acceptances
Source: The Moroccan Insurance Federation

Exchange rate as at 31/12/2024: 1 MAD = 0.09689 USD ; 31/12/2023: 1 MAD = 0.09939 USD


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