Increase in premium income by 10.81% in 2012

The Moroccan insurance market reported an increase of 10.81% of premiums at 26.02 billion MAD (3.09 billion USD) in 2012, compared to 23.89 billion MAD (2.78 billion USD) a year earlier. Non life insurance, which posted a growth of 7.95% at 17.06 billion MAD (2.026 billion USD), accounts for 65.57% of the total premiums issued. Motor insurance is predominant with nearly 31% of total premium income.

In life and capitalization growth was of 16.70% at 8.78 billion MAD (1.042 billion USD) in 2012. The motor, workmen’s compensation and health insurance alone account for 72.37% of the market’s turnover.