The program contract, signed between the insurance companies and the supervisory authorities, forecasts the market to double by 2015. The written premiums in 2010 amount to 21.8 billion MAD (2.57 billion USD).
This objective will be achieved thanks to the extension of compulsory covers (householder’s third party liability, architects and surgeons’ third party liabilities etc…), the generalization of health insurance to private and professional occupations, the revision of the pension system and the establishment of a natural catastrophes scheme.
Positive outlooks are also expected for motor insurance with the development of facultative risks. This package of measures is designed to enable insurers to increase their stock market investments by 102 billion MAD (12 billion USD) in 2010 at 200 billion MAD (23.5 billion USD) in 2015.