Slight increase in the premiums written by Zurich Insurance in 2013

Zurich Assurance’ turnover has reported little progress in 2013. Written premiums were at 1.1 billion MAD (136 million USD), which accounts for an increase of 2.3% over one year. The market share of the insurer remains stable at 4.1% compared to 4.2% in 2012. Operations of individuals and small businesses managed to grow by 13.3%. In contrast, the medium and large enterprises declined due to competition in this segment.

Technical result increased by 66% to nearly 92 million MAD (11 million USD). The combined ratio declined from 95.6% in 2012 to 89.5% in 2013. The Profit of the year stood at 122.5 million MAD (15 million USD), that is an increase of 22 % compared to 2012.