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The turnover of the Moroccan insurance market amounted to 35.1 billion MAD (3.5 billion USD) in 2016, a 15.4% increase in comparison with 2015.
Life insurance underwritings amounted to 14.29 billion MAD (1.4 billion USD) and accounted for 40.7% of the market’s premiums.
In the non life class of business, the turnover displayed 20.81 billion MAD (2.1 billion USD).
The ranking of the first four insurance companies remains unchanged in comparison with 2015. Wafa Assurance maintained its lead followed by RMA, Saham Assurance and Axa Assurance Maroc. These four companies, alone, account for 61% of the Moroccan market.
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