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A recent report by the Moroccan Insurance Federation (FMA) indicates that the four takaful companies active in the insurance market recorded a combined turnover of 43.5 million MAD (4.3 million USD) in the first half of 2024.
Premium volume was up 50% on the 29 million MAD (2.9 million USD) posted in the same period of 2023.
Ranking of takaful companies in Morocco by turnover as at 30 June 2024
Figures in thousands| Compagnie | 30 jun 2024 | 30 jun 2023 | Evolution* | ||
|---|---|---|---|---|---|
| MAD | USD | MAD | USD | ||
| Takafulia Assurance | 19 900 | 1 962 | 14 000 | 1 395 | 43% |
| Wafa Takaful | 9 600 | 946 | 6 900 | 687 | 41% |
| Taawounyiate Taamine Takafuli | 7 100 | 700 | 3 300 | 329 | 116% |
| Al Maghribia Takaful | 6 900 | 680 | 4 800 | 478 | 42% |
| Total | 43 500 | 4 288 | 29 000 | 2 889 | 50% |
*in local currency
