Ranking of Moroccan insurers according to 2020 turnover

Figures in thousands

Rank	Companies	Turnover 2020		Turnover 2019		2019-2020 evolution*	2020 market shares
Rank	Companies	MAD	USD	MAD	USD	2019-2020 evolution*	2020 market shares
1	Wafa Assurance	8 374 200	929 704	8 853 000	912 390	-5.41%	18.49%
2	RMA	6 876 000	763 374	6 816 000	702 457	0.88%	15.18%
3	Mutuelle Taamine Chaabi	5 787 300	642 506	5 123 200	527 997	12.96%	12.78%
4	Saham Assurance	5 126 000	569 089	5 422 400	558 833	-5.47%	11.32%
5	AtlantaSanad**	4 937 600	548 172	4 840 700	498 883	2.00%	10.90%
6	Axa Assurance Maroc	4 871 700	540 856	4 645 200	478 734	4.88%	10.76%
7	Marocaine Vie	2 158 200	239 603	2 267 600	233 699	-4.82%	4.76%
8	MCMA	1 798 000	199 614	1 541 200	158 836	16.66%	3.97%
9	Allianz Assurance Maroc	1 572 300	174 557	1 479 900	152 518	6.24%	3.47%
10	MAMDA	1 092 500	121 289	1 034 600	106 626	5.60%	2.41%
11	CAT	694 100	77 059	693 000	71 421	0.16%	1.53%
12	Maroc Assistance Internationale	561 500	62 338	568 100	58 548	-1.16%	1.24%
13	MATU	462 300	51 325	416 600	42 935	10.97%	1.02%
14	Saham Assistance	325 800	36 170	471 700	48 613	-30.93%	0.72%
15	Wafa Ima Assistance	258 300	28 676	281 400	29 001	-8.21%	0.57%
16	Euler Hermes ACMAR	136 300	15 132	144 900	14 933	-5.94%	0.30%
17	RMA Assistance	109 200	12 123	113 100	11 656	-3.45%	0.24%
18	Coface Maroc	81 100	9 004	62 700	6 462	29.35%	0.18%
19	Axa Assistance Maroc	47 000	5 218	86 900	8 956	-45.91%	0.10%
20	Smaex	27 500	3 053	39 800	4 102	-30.90%	0.06%
Total		45 296 900	5 028 862	44 902 000	4 627 600	0.88%	100%

* Growth rate in local currency
** Entity born from the merger between Atlanta and Sanad
Exchange rate as at 12/31/2019: 1 MAD = 0.10306 USD
Exchange rate as at 12/31/2020: 1 MAD = 0.11102 USD

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Tue, 06/07/2021 - 12:54

Ranking of Moroccan insurers according to 2020 turnover

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