Morocco: Insurance market continues recovery trajectory
Source: Middle East Insurance Review | Dec 2025
Morocco’s insurance and reinsurance sector achieved a total turnover of MAD37.7bn ($4.07bn) in the first half of 2025 (1H2025), a growth of 7.7% compared to the corresponding half a year earlier, according to the Insurance and Social Security Supervisory Authority (ACAPS).
The first half of this year reflected the recovery trend that began in 2024.
Direct insurance premiums grew by 7.5% to MAD34.5bn while reinsurance jumped by 10.8% to MAD3.2bn in 1H2025. In the first six months, growth was seen in both the life (+8.4% to MAD14.9bn) and non-life (+6.8% to MAD20.1bn) sectors. M