Moroccan insurance market in 2023

Figures in thousands

Class of business2023 Turnover2022 Turnover2022-2023 evolution (1)2023 shares
MADUSDMADUSD
Motor14 554 0001 446 52213 726 7001 294 1536.03%25.53%
Bodily injury and health5 432 000539 8865 045 900475 7277.65%9.53%
Workmen's compensation2 578 000256 2272 495 000235 2293.33%4.52%
Fire2 284 000227 0072 094 500197 4699.05%4.00%
Assistance. credit. bond1 807 000179 5981 671 000157 5428.14%3.17%
Marine849 00084 382883 60083 306-3.92%1.49%
General third party liability758 00075 338703 40066 3177.76%1.33%
Natural disasters569 00056 553560 80052 8721.46%1.00%
Technical risks435 00043 235284 40026 81352.95%0.76%
Other non-life operations1 093 000108 633949 90089 55715.06%1.92%
Non-life acceptances728 00072 356686 00064 6766.12%1.28%
Total non-life31 087 0003 089 73729 101 2002 743 6616.82%54.53%
Total life25 918 0002 575 99025 394 8002 394 2222.06%45.47%
Grand total57 005 0005 665 72754 496 0005 137 8834.60%100%

(1) Growth rate in local currency
Exchange rate as at 12/31/2023: 1 MAD = 0.09939 USD; as at 12/31/2022: 1 MAD = 0.09428 USD

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