News Middle East05 Nov 2026

Morocco:Direct insurance market posts strong growth, driven by life

| 05 Nov 2026

The insurance market achieved a total turnover of MAD39bn ($4.00bn) in the first half of 2026 (1H2026), excluding acceptances and takaful contributions.

The figure represents growth of 11.2% compared to the corresponding half a year earlier, according to the Insurance and Social Security Supervisory Authority (ACAPS). The first half of this year continued the growth trend that had begun in 2024.

In the first six months, the life branch expanded by 17.8% to reach premiums of MAD17.6bn, much faster than the non-life market, which grew by 6.3% to MAD21.4bn.

Details of premium growth by branch are as follows:

MAD m

1H2026 Premiums

1H2025 Premiums

Change over 1H2025

Change over 1H2024

Life

17,601.1

14,935.9

17.8%

8.4%

Savings plans

12,864.9

12,059.4

6.7%

5.6%

Death protection plans

1,994.7

1,901.4

4.9%

4.4%

Investment-linked plans

2,741.1

975.1

181.1%

79.4%

Non-life

21,405.9

20,137.3

6.3%

6.9%

Catastrophe

428.5

396.5

8.1%

11.5%

Accident and health

3,315.1

3,116.2

6.4%

5.4%

- of which, health

2,885.8

2,708.9

6.5%

5.9%

Workplace accident & illnesses

1,935.8

1,823.4

6.2%

5.3%

Automobile

9,901.1

9,233.3

7.2%

6.6%

- of which, 3rd-party liability

7,889.4

7,465.9

5.7%

5.5%

Liability

570.0

528.5

7.9%

6.5%

Fire

1,860.3

1,852.0

0.4%

2.9%

Technical risks

334.4

335.6

-0.3%

66.6%

Transport

486.2

457.5

6.3%

1.3%

Assistance

1,200.1

1,106.6

8.4%

6.3%

Credit

183.3

173.8

5.8%

13.3%

Acceptances - non-life

625.5

551.9

13.3%

10.8%

Others

565.5

562.1

0.6%

13.0%

Total

39,006.9

35,073.2

11.2%

7.5%

Source: ACAPS

Figures above exclude data from reinsurance and takaful companies

 

| Print
CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.