Moroccan insurance market in 2021
Figures in thousands
| Class of business | Turnover 2021 | Turnover 2020 | 2020-2021 (1) evolution | 2021 shares | ||
|---|---|---|---|---|---|---|
| In MAD | In USD | In MAD | In USD | |||
| Motor | 12 988 700 | 1 389 791 | 11 964 500 | 1 328 299 | 8.56% | 26.08% |
| Bodily injury | 4 772 800 | 510 690 | 4 417 900 | 490 475 | 8.03% | 9.58% |
| Workmen's compensation | 2 319 600 | 248 197 | 2 207 000 | 245 021 | 5.10% | 4.66% |
| Fire | 2 053 600 | 219 735 | 1 920 900 | 213 258 | 6.91% | 4.12% |
| Assistance, credit, bond | 1 513 900 | 161 987 | 1 430 200 | 158 781 | 5.85% | 3.04% |
| Marine | 706 400 | 75 585 | 652 600 | 72 452 | 8.24% | 1.42% |
| General third party liability | 604 400 | 64 671 | 567 800 | 63 037 | 6.45% | 1.21% |
| Natural catastrophes (2) | 521 800 | 55 832 | 476 700 | 52 923 | 9.46% | 1.05% |
| Technical risks | 276 100 | 29 543 | 173 600 | 19 273 | 59.04% | 0.55% |
| Other non-life operations | 888 300 | 95 048 | 955 300 | 106 058 | -7.02% | 1.78% |
| Non-life acceptances | 221 600 | 23 711 | 198 000 | 21 982 | 11.92% | 0.45% |
| Total non-life | 26 867 200 | 2 874 790 | 24 964 500 | 2 771 559 | 7.62% | 53.94% |
| Life insurance and capitalization | 22 942 400 | 2 454 837 | 20 395 900 | 2 264 353 | 12.48% | 46.06% |
| Grand total | 49 809 600 | 5 329 627 | 45 360 400 | 5 035 912 | 9.81% | 100% |
(1) Growth rate in local currency.
(2) Coverage against the consequences of catastrophic events.
Exchange rate as at 31/12/2021 : 1 MAD = 0.107 USD ; at 31/12/2020 : 1 MAD = 0.11102 USD
Source: The Moroccan Federation of Insurance and Reinsurance Companies (FMSAR)
Read also | Insurance companies in Morocco
