Moroccan insurance market: results of the first half of 2019

With 23.5 billion DRH (2.4 billion USD) in premiums, the Moroccan insurance market reported an increase of around 5% during the first half of 2019, sharply declining compared to the 10.2% achieved during the same period of 2018/2017.

The growth in premiums' volume is mainly accounted for by life insurance, which has become increasingly popular. This evolution also materialized the growing role of bancassurance in life insurance.

Despite the increase in motor insurance's underwritings, the non-life sector is struggling with a rise of 3 to 4%. The property market performance is slowed by the poor figures reported in health and workmen's compensation insurance.

Lire aussi | 2017 ranking of Moroccan Insurance Companies [4]