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.