Moroccan insurance market: 2023 turnover

Statistics issued by the Moroccan insurance regulator, the Supervisory Authority of Insurance and Social Welfare (ACAPS), indicate that the Moroccan market's turnover amounted to 57 billion MAD (5.7 billion USD) on 31 December 2023. The premium volume has increased by 4.6% over one year.

The non-life premium income has progressed by 6.8% to 31.1 billion MAD (3.1 billion USD). The non-life business accounted for 54.6% of the total portfolio in 2023.

Life insurance underwriting rose by 2% to 25.9 billion MAD (2.6 billion USD), representing a 45.4% market share.