Moroccan insurance market in 2018: Top insurance companies and results

Moroccan insurance market in 2018: ranking of insurance companies per turnover

Figures in thousands

	Turnover 2018		Turnover 2017		2017-2018 ⁽¹⁾ evolution	2018 market shares
	In MAD	In USD	In MAD	In USD	2017-2018 ⁽¹⁾ evolution	2018 market shares
Wafa Assurance	8 371 000	878 202	8 049 900	862 869	3.99%	20.25%
RMA	6 543 700	686 500	6 224 200	667 172	5.13%	15.83%
Saham Assurance	5 223 200	547 966	4 846 000	519 443	7.78%	12.63%
Mutuelle Taamine Chaabi	4 253 000	446 182	3 888 500	416 808	9.37%	10.29%
Axa Assurance	4 231 100	443 885	4 111 200	440 680	2.92%	10.23%
Atlanta	2 432 900	255 236	2 271 100	243 439	7.12%	5.88%
Sanad	2 022 400	212 170	1 920 800	205 891	5.29%	4.89%
Marocaine Vie	1 825 400	191 503	1 723 400	184 731	5.92%	4.42%
MCMA	1 418 500	148 815	1 269 200	136 046	11.76%	3.43%
Allianz Assurance Maroc	1 367 100	143 422	1 245 900	133 548	9.73%	3.30%
MAMDA	1 000 700	104 983	928 900	99 569	7.73%	2.42%
CAT	688 800	72 262	670 100	71 828	2.79%	1.67%
Saham Assistance	555 000	58 225	500 300	53 627	10.93%	1.34%
Maroc Assistance internationale	541 700	56 830	448 800	48 107	20.70%	1.31%
MATU	317 600	33 319	323 200	34 644	-1.73%	0.77%
Wafa IMA Assistance	268 400	28 158	244 200	26 176	9.91%	0.65%
Euler Hermes ACMAR	131 700	13 817	125 800	13 485	4.69%	0.32%
Axa Assistance	97 800	10 260	119 600	12 820	-18.23%	0.24%
Coface	55 200	5 791	55 500	5 949	-0.54%	0.13%
Total	41 345 200	4 337 525	38 966 600	4 176 830	6.10%	100%

⁽¹⁾ Variation in local currency

Figures in thousands

	Turnover 2018		Turnover 2017		2017-2018 ⁽¹⁾ evolution	2018 market shares
	In MAD	In USD	In MAD	In USD	2017-2018 ⁽¹⁾ evolution	2018 market shares
Motor	11 147 200	1 169 453	10 527 000	1 128 389	5.89%	26.96%
Bodily injury	4 074 300	427 435	3 922 500	420 453	3.87%	9.85%
Workmen's compensation	2 244 300	235 450	2 223 000	238 283	0.96%	5.43%
Fire	1 417 700	148 731	1 331 700	142 745	6.46%	3.43%
Assistance, credit, bond	1 549 100	162 516	1 415 100	151 685	9.47%	3.75%
Marine	625 500	65 621	604 900	64 839	3.41%	1.51%
Other non-life operations	1 002 100	105 130	979 400	104 982	2.32%	2.42%
General third party liability	581 700	61 026	549 000	58 847	5.96%	1.41%
Technical risks	300 600	31 536	242 400	25 983	24.01%	0.73%
Reinsurance acceptances	213 300	22 377	186 500	19 991	14.37%	0.52%
Total non-life	23 155 800	2 429 275	21 981 500	2 356 197	5.34%	56.01%
Life insurance and capitalisation	18 189 400	1 908 250	16 985 100	1 820 634	7.09%	43.99%
Total	41 345 200	4 337 525	38 966 600	4 176 831	6.10%	100%

⁽¹⁾ Growth rate in local currency

⁽¹⁾ Including credit and bond
⁽²⁾ Including general third party liability, technical risks and reinsurance acceptances

Exchange rate MAD/USD as at 31/12	2017	2018
Exchange rate MAD/USD as at 31/12	0.10719	0.10491

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Fri, 19/07/2019 - 10:57