Morocco 2013

Evolution of life and non life premiums1 2009-2013

in thousands USD
 20092010201120122013
Non life
1 816 0221 823 0101 888 1802 040 9862 250 385
Life
858 003798 008900 7281 049 5611 067 002
Total
2 674 025 2 621 018 2 788 908 3 090 547 3 317 387
1 Turnover: direct business + life and non life acceptances

Evolution of life and non life incurred losses and benefits 2009-2013

in thousands USD
 20092010201120122013
Non life
1 198 8041 143 3401 163 5161 213 6121 342 975
Life
505 578606 398694 930696 111787 331
Total
1 704 382 1 749 738 1 858 446 1 909 723 2 130 306

Evolution of premiums, incurred losses and benefits: 2009-2013

in millions USD

Turnover’ evolution per class of business: 2009-2013

in thousands USD
 200920102011201220132013 shares
Non life insurance
Bodily injury (1)
335 047326 753326 769349 238380 80711.5%
Workmen’s compensation
233 819226 994228 456242 170265 6028%
Motor
841 249847 893879 053952 4021 054 40531.8%
General third party liability
54 18354 90657 25156 63963 2241.9%
Fire and natural catastrophes
120 281123 736124 038145 290155 7834.7%
Technical risks
33 79036 47639 62740 09846 7941.4%
Marine
88 33084 63685 20678 07272 8912.2%
Others
20 96822 74447 34262 43375 2862.3%
Assistance, credit, bond
81 20483 79789 13999 813120 2313.6%
Acceptances
7 15115 07511 29914 83115 3620.4%
Total Non life
1 816 022 1 823 010 1 888 180 2 040 986 2 250 385 67.8%
Life insurance
Ordinary life insurance
574 203515 653539 959664 564644 31319.4%
Group life insurance
168 985183 580201 599240 674246 6667.5%
Industrial life assurance
0023292-
Capitalisation
61 39856 080112 868110 844156 0684.7%
Variable life assurance
43 77634 47538 52925 99318 9480.6%
Acceptances
9 6418 2207 7507 4571 005-
Total life
858 003 798 008 900 728 1 049 561 1 067 002 32.2%
Grand total
2 674 0252 621 0182 788 9083 090 5473 317 387100%

Turnover’s breakdown per class of business in 2013

(1)includes health and maternity
(2) includes ordinary, group and industrial life assurance, capitalisation and variable life assurance

Evolution of technical result per life and non life insurance: 2009-2013

in thousands USD
 20092010201120122013
Non life insurance
Bodily injury (1)
40 97118 0725 788- 14 015- 20 624
Workmen’s compensation
102 828109 79546 2654 27755 468
Motor
247 338440 333333 495248 326363 772
General third party liability
20 28625 27724 29814 77021 991
Fire and natural catastrophes
12 12125 40422 50730 42845 941
Technical risks
4 840-1 02211 2705 200-13 564
Marine
25 83825 34423 66019 448587
Others
12 0419 84413 3001 1864 607
Assistance and credit
12 85811 35511 42515 26415 007
Total non life
479 121 664 402 492 008 324 885 473 186
Life insurance
Ordinary life insurance
-8 60310 09941 77847 21518 323
Group life insurance
32 35441 46231 93139 12686 265
Others
--24--21-4 226
Total life
23 751 51 538 73 709 86 319 100 362
Grand total
502 872715 940565 717411 204573 548

Evolution of incurred losses per non life insurance: 2009-2013

in thousands USD
 200920102011201220132013 shares
Non life insurance
Bodily injury (1)
225 946247 500251 171270 169302 09014.2%
Workmen’s compensation
159 365128 157186 716181 368194 1319.1%
Motor
617 352549 247546 804577 483616 51529%
General third party liability
45 39520 93311 93616 38413 2510.6%
Fire and natural catastrophes
47 17969 14857 75540 72934 9591.6%
Technical risks
28 94231 3606 3106 56440 4871.9%
Marine
31 27739 90729 63037 85732 2681.5%
Others
6 25611 99025 69730 00039 3021.8%
Assistance and credit
37 09245 09847 49753 05969 9723.3%
Total non life
1 198 804 1 143 340 1 163 516 1 213 612 1 342 975 63%
Life insurance
Ordinary life insurance
280 024361 071452 84924 814431 07820.2%
Group life insurance
225 554245 305242 081271 277275 70713%
Others
-22-2080 5463.8%
Total life
505 578 606 398 694 930 696 111 787 331 37%
Grand total
1 704 3821 749 7381 858 4461 909 7232 130 306100%
(1) including health and maternity

Evolution of non life loss ratios: 2009-2013

 20092010201120122013
Bodily injury (1)
67.3%75.5%70.1%77.1%79.4%
Workmen’s compensation
68.2%56.4%74.8%75.3%73.2%
Motor
74.7%66.7%56.3%60.7%59.7%
General third party liability
86.7%39%20.3%29.2%21.2%
Fire and natural catastrophes
39.6%56.4%40.0%28.2%22.8%
Technical risks
91.8%98.5%17.1%18.1%103.2%
Marine
34.5%46.9%43.5%48.5%44.6%
Other operations
27.9%37.8%36.2%48.2%52%
Assistance and credit
46.5%54.3%43.1%53.4%59.7%
Total Non life
66.9%64%56.2%60.1%61.1%
(1) including health and maternity

Evolution of turnover per life and non life company: 2009-2013

in thousands USD
 200920102011201220132012/2013 evolution2013
shares
Wafa Assurance
548 867514 055616 306680 149712 0034.7%21.5%
RMA Watanya
537 119524 798511 070603 805598 973-0.8%18.1%
Axa Assurance Maroc
390 915390 911382 130413 465452 6189.5%13.6%
Saham Assurance
361 391356 338354 595383 222434 52613.4%13.1%
Sanad
152 410145 941150 977170 819181 3956.2%5.5%
Atlanta
144 518142 502141 348158 114178 54112.9%5.4%
MCMA
96 19689 597136 084146 454177 88321.5%5.4%
Zurich
104 816109 453122 568128 299137 1196.9%4.1%
Marocaine vie
108 941110 112117 957128 322125 455-2.2%3.8%
MAMDA
42 01348 62764 76874 67689 99020.5%2.7%
CAT
80 19679 36377 29278 02480 4973.2%2.4%
Maroc Assistance
35 16937 59138 05142 39048 56914.6%1.5%
Isaaf Mondiale Assistance
36 20335 64936 03135 30136 9294.6%1.1%
MATU
26 02525 85925 11825 42227 4618.0%0.8%
Wafa Ima Assistance
--7707 73013 22871.1%0.4%
Euler Hermes ACMAR
6 1946 6399 6068 72711 23028.7%0.3%
Axa Assistance Maroc
3 0523 5834 2375 62810 97094.9%0.3%
Grand total
2 674 0252 621 0182 788 9083 090 5473 317 3877.3%100%
Exchange rate
MAD/USD as at 31/12
2009
2010
2011
2012
2013
0.1277
0.11983
0.11672
0.11874
0.12409
Sources: Sigma, ministry of finance, department of insurance and social welfare (DAPS), center for studies and demographic research (CERED).
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