Increasing results for the Moroccan market in 2008

The volume of the written life and non life premiums amounts to 19.746 billion MAD (2.482 billion USD) in 2008. This figure is on a progression of 11.43% in comparison with 2007.

Life insurance is progressing more quickly (+11.83%) than property (+11.13). The share of the life business in the overall turnover has risen from 33.09% in 2007 to 33.21% in 2008.

Wafa assurance has become the market's number one company. It has posted a turnover of 4.153 billion MAD (522 million USD) versus 4.001 billion MAD (503 million USD) at RMA Watanya and 2.866 billion MAD (360 million USD) at AXA.

The highest growth rates have been reported by Zurich insurance (+19.21%), Wafa (+17.73%), Mamda (+14.83%), RMA Wataniya (+12.57%), CNIA (+12.27%).

Wafa is the first life insurance company on the market. It is reporting 64.20% of its turnover in this class, versus 42.8% for RMA-Watanya which remains Morocco's number one non-life insurance company.