Moroccan insurance market: Q1 2021 results

The Supervisory Authority of Insurance and Social Welfare (ACAPS) published the results of the Moroccan insurance market in Q1 2021. All insurance companies (excluding exclusive reinsurers) recorded a 1.7% turnover increase, set at 14.718 billion MAD (1.6 billion USD).

With a 66% market share, non-life premiums rose by 4.9% to reach 9.7 billion MAD (1.05 billion USD). Life underwritings declined by 4% and amounted to 5.018 billion MAD (547.32 million USD) by late Q1 2021.

Life insurance accounted for 34% of the market's total turnover during the first quarter of 2021.