The insurance industry continued its strong upward momentum in the first half of this year, with total premiums rising by 7.0% to MAD34.91bn ($3.86bn) compared to the corresponding half of last year, according to data released by the Insurance and Social Security Supervisory Authority (ACAPS).
In comparison, in the first six months of 2024, premiums grew by 5.1% to MAD32.1bn.
The ACAPS data show that the growth in total premiums was more robust in 2Q2025 when premium income jumped by 10.2% while the first quarter saw an increase of 5.5%.
In 1H2025, life insurance premiums rose to nearly MAD15bn, 8.1% higher than in the corresponding half in 2024. Non-life premiums amounted to MAD20bn, 6.2% higher year on year.
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Topline performance of the Moroccan insurance industry in 1H2025
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|
Branch (MAD m)
|
1H2025 Premiums
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Change over 1H2024
|
|
Life
|
14,894
|
8.1%
|
|
Savings plans
|
12,141
|
6.3%
|
|
Death protection plans
|
1,865
|
2.4%
|
|
Investment-linked plans
|
889
|
63.5%
|
|
Non-life
|
20,014
|
6.2%
|
|
Catastrophe
|
399
|
12.2%
|
|
Accident and health
|
3,115
|
5.4%
|
|
- of which, health
|
2,703
|
5.7%
|
|
Workplace accident & illnesses
|
1,838
|
6.1%
|
|
Automobile
|
9,090
|
5.0%
|
|
- of which third-party liability
|
7,352
|
3.9%
|
|
Liability
|
544
|
9.6%
|
|
Fire
|
1,857
|
3.2%
|
|
Technical risks
|
356
|
76.7%
|
|
Transport
|
455
|
0.7%
|
|
Assistance
|
1,110
|
6.6%
|
|
Credit
|
170
|
10.6%
|
|
Acceptances
|
522
|
4.7%
|
|
Others
|
560
|
12.7%
|
|
Total
|
34,909
|
7.0%
|
|
Source: ACAPS
Figures exclude data from reinsurance companies
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