Morocco 2013

Magazine Issue:

Magazine date:

Mar 2015

in thousands USD

¹ Turnover: direct business + life and non life acceptances

in thousands USD

in millions USD

in thousands USD

	2009	2010	2011	2012	2013	2013 shares
Non life insurance
Bodily injury ⁽¹⁾	335 047	326 753	326 769	349 238	380 807	11.5%
Workmen’s compensation	233 819	226 994	228 456	242 170	265 602	8%
Motor	841 249	847 893	879 053	952 402	1 054 405	31.8%
General third party liability	54 183	54 906	57 251	56 639	63 224	1.9%
Fire and natural catastrophes	120 281	123 736	124 038	145 290	155 783	4.7%
Technical risks	33 790	36 476	39 627	40 098	46 794	1.4%
Marine	88 330	84 636	85 206	78 072	72 891	2.2%
Others	20 968	22 744	47 342	62 433	75 286	2.3%
Assistance, credit, bond	81 204	83 797	89 139	99 813	120 231	3.6%
Acceptances	7 151	15 075	11 299	14 831	15 362	0.4%
Total Non life	1 816 022	1 823 010	1 888 180	2 040 986	2 250 385	67.8%
Life insurance
Ordinary life insurance	574 203	515 653	539 959	664 564	644 313	19.4%
Group life insurance	168 985	183 580	201 599	240 674	246 666	7.5%
Industrial life assurance	0	0	23	29	2	-
Capitalisation	61 398	56 080	112 868	110 844	156 068	4.7%
Variable life assurance	43 776	34 475	38 529	25 993	18 948	0.6%
Acceptances	9 641	8 220	7 750	7 457	1 005	-
Total life	858 003	798 008	900 728	1 049 561	1 067 002	32.2%
Grand total	2 674 025	2 621 018	2 788 908	3 090 547	3 317 387	100%

⁽¹⁾includes health and maternity
⁽²⁾ includes ordinary, group and industrial life assurance, capitalisation and variable life assurance

in thousands USD

	2009	2010	2011	2012	2013
Non life insurance
Bodily injury ⁽¹⁾	40 971	18 072	5 788	- 14 015	- 20 624
Workmen’s compensation	102 828	109 795	46 265	4 277	55 468
Motor	247 338	440 333	333 495	248 326	363 772
General third party liability	20 286	25 277	24 298	14 770	21 991
Fire and natural catastrophes	12 121	25 404	22 507	30 428	45 941
Technical risks	4 840	-1 022	11 270	5 200	-13 564
Marine	25 838	25 344	23 660	19 448	587
Others	12 041	9 844	13 300	1 186	4 607
Assistance and credit	12 858	11 355	11 425	15 264	15 007
Total non life	479 121	664 402	492 008	324 885	473 186
Life insurance
Ordinary life insurance	-8 603	10 099	41 778	47 215	18 323
Group life insurance	32 354	41 462	31 931	39 126	86 265
Others	-	-24	-	-21	-4 226
Total life	23 751	51 538	73 709	86 319	100 362
Grand total	502 872	715 940	565 717	411 204	573 548

in thousands USD

	2009	2010	2011	2012	2013	2013 shares
Non life insurance
Bodily injury ⁽¹⁾	225 946	247 500	251 171	270 169	302 090	14.2%
Workmen’s compensation	159 365	128 157	186 716	181 368	194 131	9.1%
Motor	617 352	549 247	546 804	577 483	616 515	29%
General third party liability	45 395	20 933	11 936	16 384	13 251	0.6%
Fire and natural catastrophes	47 179	69 148	57 755	40 729	34 959	1.6%
Technical risks	28 942	31 360	6 310	6 564	40 487	1.9%
Marine	31 277	39 907	29 630	37 857	32 268	1.5%
Others	6 256	11 990	25 697	30 000	39 302	1.8%
Assistance and credit	37 092	45 098	47 497	53 059	69 972	3.3%
Total non life	1 198 804	1 143 340	1 163 516	1 213 612	1 342 975	63%
Life insurance
Ordinary life insurance	280 024	361 071	452 849	24 814	431 078	20.2%
Group life insurance	225 554	245 305	242 081	271 277	275 707	13%
Others	-	22	-	20	80 546	3.8%
Total life	505 578	606 398	694 930	696 111	787 331	37%
Grand total	1 704 382	1 749 738	1 858 446	1 909 723	2 130 306	100%

⁽¹⁾ including health and maternity

	2009	2010	2011	2012	2013
Bodily injury ⁽¹⁾	67.3%	75.5%	70.1%	77.1%	79.4%
Workmen’s compensation	68.2%	56.4%	74.8%	75.3%	73.2%
Motor	74.7%	66.7%	56.3%	60.7%	59.7%
General third party liability	86.7%	39%	20.3%	29.2%	21.2%
Fire and natural catastrophes	39.6%	56.4%	40.0%	28.2%	22.8%
Technical risks	91.8%	98.5%	17.1%	18.1%	103.2%
Marine	34.5%	46.9%	43.5%	48.5%	44.6%
Other operations	27.9%	37.8%	36.2%	48.2%	52%
Assistance and credit	46.5%	54.3%	43.1%	53.4%	59.7%
Total Non life	66.9%	64%	56.2%	60.1%	61.1%

⁽¹⁾ including health and maternity

in thousands USD

	2009	2010	2011	2012	2013	2012/2013 evolution	2013 shares
Wafa Assurance	548 867	514 055	616 306	680 149	712 003	4.7%	21.5%
RMA Watanya	537 119	524 798	511 070	603 805	598 973	-0.8%	18.1%
Axa Assurance Maroc	390 915	390 911	382 130	413 465	452 618	9.5%	13.6%
Saham Assurance	361 391	356 338	354 595	383 222	434 526	13.4%	13.1%
Sanad	152 410	145 941	150 977	170 819	181 395	6.2%	5.5%
Atlanta	144 518	142 502	141 348	158 114	178 541	12.9%	5.4%
MCMA	96 196	89 597	136 084	146 454	177 883	21.5%	5.4%
Zurich	104 816	109 453	122 568	128 299	137 119	6.9%	4.1%
Marocaine vie	108 941	110 112	117 957	128 322	125 455	-2.2%	3.8%
MAMDA	42 013	48 627	64 768	74 676	89 990	20.5%	2.7%
CAT	80 196	79 363	77 292	78 024	80 497	3.2%	2.4%
Maroc Assistance	35 169	37 591	38 051	42 390	48 569	14.6%	1.5%
Isaaf Mondiale Assistance	36 203	35 649	36 031	35 301	36 929	4.6%	1.1%
MATU	26 025	25 859	25 118	25 422	27 461	8.0%	0.8%
Wafa Ima Assistance	-	-	770	7 730	13 228	71.1%	0.4%
Euler Hermes ACMAR	6 194	6 639	9 606	8 727	11 230	28.7%	0.3%
Axa Assistance Maroc	3 052	3 583	4 237	5 628	10 970	94.9%	0.3%
Grand total	2 674 025	2 621 018	2 788 908	3 090 547	3 317 387	7.3%	100%

Exchange rate MAD/USD as at 31/12	2009	2010	2011	2012	2013
Exchange rate MAD/USD as at 31/12	0.1277	0.11983	0.11672	0.11874	0.12409

Sources: Sigma, ministry of finance, department of insurance and social welfare (DAPS), center for studies and demographic research (CERED).