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Ranking of life and non-life insurance companies in Morocco
Figures in thousands
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| Companies | Turnover 2024 | Turnover 2023 | 2023-2024 evolution (1) | 2024 shares | ||
| MAD | USD | MAD | USD | |||
| Wafa Assurance | 11 747 100 | 1 138 177 | 11 163 900 | 1 109 580 | 5.22% | 19.67% |
| RMA | 8 904 000 | 862 709 | 8 489 700 | 843 791 | 4.88% | 14.91% |
| Mutuelle Taamine Chaabi | 7 722 400 | 748 223 | 7 362 500 | 731 759 | 4.89% | 12.93% |
| Axa Assurance Maroc | 6 816 200 | 660 422 | 6 332 000 | 629 338 | 7.65% | 11.42% |
| Sanlam Assurance | 6 281 600 | 608 624 | 6 152 500 | 611 497 | 2.10% | 10.52% |
| AtlantaSanad | 5 260 000 | 509 641 | 5 111 900 | 508 072 | 2.90% | 8.81% |
| MCMA | 2 687 800 | 260 421 | 2 466 700 | 245 165 | 8.96% | 4.50% |
| Marocaine Vie | 2 166 400 | 209 902 | 2 304 300 | 229 024 | -5.98% | 3.63% |
| Allianz Assurance Maroc | 1 923 600 | 186 378 | 1 523 700 | 151 441 | 26.25% | 3.22% |
| MAMDA | 1 482 300 | 143 620 | 1 452 700 | 144 384 | 2.04% | 2.48% |
| CAT | 1 352 800 | 131 073 | 1 286 000 | 127 816 | 5.19% | 2.27% |
| MATU | 1 165 900 | 112 964 | 1 046 900 | 104 051 | 11.37% | 1.95% |
| Maroc Assistance Internationale | 588 800 | 57 049 | 589 100 | 58 551 | -0.05% | 0.99% |
| Wafa Ima Assistance | 428 400 | 41 508 | 375 500 | 37 321 | 14.09% | 0.72% |
| Africa First Assist | 401 700 | 38 921 | 406 900 | 40 442 | -1.28% | 0.67% |
| Cover Edge (2) | 220 300 | 21 345 | 177 400 | 17 632 | 24.18% | 0.37% |
| RMA Assistance | 164 600 | 15 948 | 151 800 | 15 087 | 8.43% | 0.28% |
| Euler Hermes ACMAR | 158 300 | 15 338 | 157 200 | 15 624 | 0.70% | 0.26% |
| Coface Maroc | 96 800 | 9 379 | 85 000 | 8 448 | 13.88% | 0.16% |
| Smaex | 47 800 | 4 631 | 55 000 | 5 466 | -13.09% | 0.08% |
| Takafulia Assurance | 41 700 | 4 040 | 31 000 | 3 081 | 34.52% | 0.07% |
| Wafa Takaful | 22 400 | 2 170 | 14 700 | 1 461 | 52.38% | 0.04% |
| Taawounyiate Taamine Takafuli | 16 000 | 1 550 | 9 200 | 914 | 73.91% | 0.03% |
| Al Maghribia Takaful | 15 000 | 1 453 | 11 000 | 1 093 | 36.36% | 0.02% |
| Total général | 59 711 900 | 5 785 486 | 56 756 600 | 5 641 038 | 5.21% | 100% |
(1) Evolution in local currency
(2) Ex. Axa Assistance Maroc
Turnover 2024 by life and non-life insurance company in Morocco
Figures in thousands
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| Assureur | Life premiums | Non-life premiums | Total premiums | |||
| MAD | USD | MAD | USD | MAD | USD | |
| Wafa Assurance | 6 408 500 | 620 919 | 5 338 600 | 517 257 | 11 747 100 | 1 138 176 |
| RMA | 4 785 400 | 463 657 | 4 118 600 | 399 051 | 8 904 000 | 862 708 |
| Mutuelle Taamine Chaabi | 7 722 400 | 748 223 | - | - | 7 722 400 | 748 223 |
| Axa Assurance Maroc | 2 468 900 | 239 212 | 4 347 300 | 421 210 | 6 816 200 | 660 422 |
| Sanlam Assurance | 827 700 | 80 196 | 5 454 000 | 528 448 | 6 281 700 | 608 644 |
| AtlantaSanad | 1 250 400 | 121 151 | 4 009 600 | 388 490 | 5 260 000 | 509 641 |
| MCMA | 1 213 200 | 117 547 | 1 474 600 | 142 874 | 2 687 800 | 260 421 |
| Marocaine Vie | 2 073 400 | 200 892 | 93 000 | 9 011 | 2 166 400 | 209 903 |
| Allianz Assurance Maroc | 394 000 | 38 175 | 1 529 600 | 148 203 | 1 923 600 | 186 378 |
| MAMDA | - | - | 1 482 400 | 143 620 | 1 482 400 | 143 620 |
| CAT | - | - | 1 352 800 | 131 073 | 1 352 800 | 131 073 |
| MATU | - | - | 1 165 900 | 112 964 | 1 165 900 | 112 964 |
| Maroc Assistance Internationale | - | - | 588 800 | 57 049 | 588 800 | 57 049 |
| Wafa Ima Assistance | - | - | 428 400 | 41 508 | 428 400 | 41 508 |
| Cover Edge (1) | - | - | 401 700 | 38 921 | 401 700 | 38 921 |
| Axa Assistance Maroc | - | - | 220 300 | 21 345 | 220 300 | 21 345 |
| RMA Assistance | - | - | 164 600 | 15 948 | 164 600 | 15 948 |
| Euler Hermes ACMAR | - | - | 158 300 | 15 337 | 158 300 | 15 337 |
| Coface Maroc | - | - | 96 800 | 9 379 | 96 800 | 9 379 |
| Smaex | - | - | 47 800 | 4 631 | 47 800 | 4 631 |
| Takafulia Assurance | 33 500 | 3 246 | 8 100 | 785 | 41 600 | 4 031 |
| Wafa Takaful | 21 800 | 2 112 | 600 | 58 | 22 400 | 2 170 |
| Taawounyiate Taamine Takafuli | 16 000 | 1 550 | - | - | 16 000 | 1 550 |
| Al Maghribia Takaful | 13 600 | 1 318 | 1 300 | 126 | 14 900 | 1 444 |
| Total | 27 228 800 | 2 638 198 | 32 483 100 | 3 147 288 | 59 711 900 | 5 785 486 |
(1) Ex. Axa Assistance Maroc
Exchange rate as at 31/12/2024: 1 MAD = 0.09689 USD; 31/12/2023: 1 MAD = 0.09939 USD
Read also | Moroccan insurance market
