The Supervisory Authority of Insurance and Social Welfare (ACAPS) published the 2019 report on the Moroccan insurance market.
The direct market (written premiums excluding reinsurance acceptances) totalled a turnover of 44.7 billion MAD (4.6 billion USD) against 41.151 billion MAD (4.3 billion USD) a year earlier, thus, realizing an 8.6%. increase.
With 54.2% market share, the non-life premiums increased by 5.5%, set at 24.2 billion MAD (2.4 billion USD). The P&C activity is driven by the motor one with 12 billion MAD (1.2 billion USD) of premium income.
The life and capitalization activity recorded a 12.5% increase over one year. The class of business represents 45.8% of total turnover. It generated 20.5 billion MAD (2.1 billion USD) of written premiums by late 2019.
Reinsurance acceptances increased by 5.5% and were established at 2 billion MAD (206.1 million USD).
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