Morocco 2005

Magazine Issue:

Disaster scenario [3]

Magazine date:

Dec 2006

Turnover evolution by class of business

in USD

	2003	2004	2005
Life
Individual life insurances	87 857 068	84 025 174	153 538 340
Group life	311 904 943	266 543 279	208 464 280
Capitalisation	0	0	0
Other operations	26 031	38 777	333
Acceptances	1 717 515	1 837 109	2 164 409
Life total	401 505 559	352 444 341	363 963 380
Non life
Bodily injuries	164 775 722	188 221 363	194 360 329
Workmen's compensation	165 681 163	153 353 231	135 791 898
Motor	471 135 793	542 669 667	135 791 898
GTPL	23 716 636	26 630 253	25 838 089
Fire	72 835 607	76 794 662	76 574 138
Engineering	11 827 080	20 760 508	17 581 666
Marine	67 820 740	71 163 698	69 352 224
Other operations	12 328 162	15 316 093	12 451 089
Assistance	34 258 559	41 138 866	41 433 346
Bond insurance	2 754 966	2 921 662	2 628 189
Acceptances	3 199 467	2 226 599	3 689 347
Non life total	1 030 330 082	1 141 196 604	1 096 218 827
Grand total	1 431 835 641	1 493 640 945	1 460 182 207

Insurance & reinsurance companies: 2005

in USD

	Share Capital¹	Written premiums²	Losses expenses paid³	Technical reserves⁴	Investments⁵
Atlanta	12 880 016	87 319 846	50 222 069	327 582 110	326 833 737
AXA Assurance Maroc	99 931 159	243 628 833	184 434 057	1 401 280 229	1 334 225 311
AXA Assistance Maroc	5 551 731	1 566 698	65 510	440 807	5 529 524
CNIA Assurance	23 317 270	126 976 971	90 348 817	665 708 068	611 567 587
Compagnie d'Assurance Transport	18 060 891	63 230 885	47 003 176	492 658 391	398 570 984
Essaada	11 946 215	98 534 343	57 670 272	233 768 959	138 070 440
Euler Hermes Acmar	5 551 731	2 892 452	2 040 816	3 801 825	5 610 579
Isaaf Mondial Assistance	5 551 731	18 468 388	5 122 027	5 006 551	12 062 801
La Marocaine Vie	20 402 612	65 688 082	21 421 909	282 026 826	245 352 091
Maroc Assistance International	5 551 731	21 398 592	14 664 342	7 217 250	10 225 178
Mutuelle Agricole Marocaine d'Assurance	11 103 462	31 933 557	17 205 925	150 524 083	274 407 630
Mutuelle Centrale Marocaine d'Assurance	11 103 462	36 040 727	31 279 563	245 862 850	411 148 986
Mutuelle d'Assurance des Transporteurs Unis	11 154 538	22 657 725	20 307 122	146 394 706	129 496 347
Royale Marocaine d'Assurance Al Watanya	197 019 831	320 602 474	190 888 499	1 607 514 823	1531 359 507
Sanad	13 879 328	88 121 516	57 173 947	342 504 053	292 124 314
Wafa Assurance	38 862 117	180 134 796	126 126 446	938 310 275	943 528 902
Zurich Compagnie Marocaine d'Assurance	9 993 116	53 039 018	28 423 753	175 885 501	169 216 762
Total	501 860 941	1 462 144 903	944 398 250	7 026 487 307	6 839 330 680
Société Centrale de réassurance	111 034 621	203 658 591	162 660 167	990 284 471	841 390 376

¹ Or development fund ² Net of cancellations (including reinsurance acceptances). SCR's premiums are
accounted net of deductions ³ Net of recoveries/recourse ⁴ Funding reserve included ⁵ Investments dedicated to insurance operations

Exchange rate USD/MAD as at 31/12	2003	2004	2005
Exchange rate USD/MAD as at 31/12	8.6433	8.1748	9.0062

Source: Ministry of Finance and Privatization of Morocco