Moroccan insurance performed well in 2011

With 23.87 billion MAD (2.786 billion USD) of premiums, the Moroccan insurance business has exhibited a 9.2% growth in 2011. It is life insurance which accounts for this growth thanks to a 15.9% leap at 7.7 billion MAD (899 million USD) against 4.5% in 2010. Henceforth, it will represent 32% of the overall written premiums. Non life insurance is reporting a 6.3% increase at 16.17 billion MAD (1.887 billion USD). Premiums breakdown per company has shown that Wafa Assurance is the market’s number one with a share of 22.1%, followed by RMA Watanya (18.3%), Axa Assurance (13.7%) and CNIA SAADA (12.7%).