Morocco:Insurance industry shows more profits in 2017

By MEIR team | 21 May 2018

Morocco Reinsurance Life & Health Property & Casualty Financial Performance

The insurance and reinsurance industry in Morocco saw net profits in 2017 soar by 25.5% to MAD4.33 billion ($460 million), compared to 2016, according to data published last week by the Supervisory Authority of Insurance and Social Insurance (ACAPS). The huge jump in net gains was made despite increases in claims and operating expenses.

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