The turnover of 2018 of the Moroccan insurance market [4] is estimated to 41.151 billion MAD (4.3 billion USD): a rise of 6.2% compared to 2017. Despite this good performance, some activity indicators are in deterioration. With 3.8 billion MAD (397,33 million USD) at the end of 2018, the net result decreased by 13% compared to 2017. The high loss experience of 4.4 billion MAD impacted the technical result by 20% in one year.
By December 31st, 2018, the combined ratio of 104.3% aggravated by 3.5 points compared to the previous year. It has reached its highest level since 2010. It has exceeded 100% since 2014. Like the combined ratio, the loss ratio has also been steadily increasing since 2011. In 2018, the loss experience of written premiums reached 70.4% compared to 68.4% in 2017.
The deterioration in the technical result of Moroccan insurance companies [5] can be explained by the worsening of the motor loss experience and the chronic deficit of the workmen's compensation and the health classes. In addition to these three sources of loss, insurance fraud has aggravated. Some sources estimate at 50%, the total claims declared.