The Moroccan insurance market in 2019

Profile

Population: 36 471 769 inhabitants
Maroc
GDP: 119.7 billion USD
GDP per capita: 3 282 USD
GDP growth rate: 2.5%
Inflation rate: 0.2%

Data as of 12/31/2019, Source: World Bank

Moroccan insurance market: main indicators

 2019
Turnover
44.902 billion DZD (4.627 billion USD)
Penetration rate
3.8%
Insurance density
1 231 MAD (126 USD)

Structure of the Moroccan insurance market

Insurance and reinsurance companies
Composite companies
7
Non-life companies
3
Life companies
2
Specialized companies
8
Reinsurer
2
Total22

Intermediaries
Insurance agents
1 661
Brokers
462
Total2 123

Regulatory authority
Supervisory Authority of Insurance and Social Welfare (ACAPS)
www.acaps.ma

Professional institution
Moroccan federation of insurance and reinsurance companies
https://www.fmsar.org.ma/en/

Data as of 12/31/2019, Source: World Bank

Moroccan insurance market: evolution of premiums per class of business

Figures in thousands of USD
Class of business20152016201720182019
Non-life
2 015 0002 067 0002 356 1972 421 1392 518 508
Life
1 072 0001 420 0001 820 6341 901 9152 109 092
Total3 087 0003 487 0004 176 8314 323 0544 627 600

Exchange rate as at 31/12/2015 : 1 MAD = 0.10158 USD ; au 31/12/2016 : 1 MAD = 0.09932 USD ; au 31/12/2017 : 1 MAD = 0.10719 USD ; au 31/12/2018 : MAD = 0.10456 USD au 31/12/2019 1 MAD = 0.10306 USD


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