Moroccan insurance market: Wafa Assurance at the top of the ranking

Wafa AssuranceIn the first half of 2021, Wafa Assurance has recorded a turnover of 5.25 billion MAD (587.13 million USD), in other words, 18.9% of the market share. The company has thus confirmed its leadership on the Moroccan insurance market.

Wafa Assurance is followed by Royale Marocaine d'Assurance (RMA) with 4.1 billion MAD (458.52 million USD) in premiums and Mutuelle Taamine Chaabi with 3.59 billion MAD (401.49 million USD) in premium income. These last two insurers represent respectively 14.7% and 12.9% of the total premiums written as of 30 June 2021.

Saham Assurance (11.2%) and AtlantaSanad (10.8%) are ranked fourth and fifth respectively.

For the record, all the Moroccan insurers have achieved a turnover of 27.8 billion MAD (3.1 billion USD) during the first six months of 2021, which represents an increase of 10.6% over one year.

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