The insurance industry in Morocco reported total premiums of MAD48.26bn for the first nine months of 2025, registering a 7.2% year-on-year increase. These figures confirm the positive momentum of the Moroccan insurance industry.
The data released by the Insurance and Social Security Supervisory Authority (ACAPS) reveals that the non-life insurance branch maintained its majority share of the overall portfolio, with MAD27.26bn in the first nine months of this year, up by 7.5%.
Meanwhile, the life insurance segment generated MAD21bn in premiums, representing a growth of 6.9%. Specifically, the unit-linked savings segment saw a dramatic increase of 102.2%, reaching MAD1.74bn. Conversely, savings insurance declined by 2.1%, to MAD16.51bn. Life protection insurance, on the other hand, grew by 5.5%, reaching MAD2.74bn.
In the non-life insurance sector, several lines of business showed significant growth. Premiums reported for the technical risks branch jumped by 71.5%, while the surety bond and catastrophic events segments increased by 15.6% and 12.6% respectively. Assistance services followed the trend with a 7.8% rise.
As the leading contributor to the non-life insurance sector, motor insurance continued to grow, with an increase of 7.6% to MAD12.73bn. Motor third-party liability insurance accounted for MAD10.37bn of this total, up by 6.8%.
Summary of premium revenue of the Moroccan insurance industry for the first nine months of 2025:
|
Branch (MAD m)
|
9M2025 Premiums
|
Y-o-Y Change
|
|
Life
|
21,008.8
|
6.9%
|
|
Savings plans
|
16,516.0
|
2.1%
|
|
Death protection plans
|
2,743.1
|
5.5%
|
|
Investment-linked plans
|
1,741.7
|
102.2%
|
|
Non-life
|
27,261.4
|
7.5%
|
|
Catastrophe
|
548.2
|
12.6%
|
|
Accident and health
|
4,571.7
|
6.2%
|
|
- of which, health
|
3,937.8
|
7.0%
|
|
Workplace accident & illnesses
|
2,288.0
|
4.0%
|
|
Automobile
|
12,734.3
|
7.6%
|
|
- of which, 3rd-party liability
|
10,378.2
|
6.8%
|
|
Liability
|
687.6
|
2.6%
|
|
Fire
|
2,120.2
|
-0.8%
|
|
Technical risks
|
502.4
|
71.5%
|
|
Transport
|
660.5
|
1.1%
|
|
Assistance
|
1,406.3
|
7.8%
|
|
Credit
|
263.8
|
15.6%
|
|
Acceptances
|
790.3
|
23.6%
|
|
Others
|
688.10
|
13.8%
|
|
Total
|
48,262.2
|
7.2%
|
|
Source: ACAPS
Figures exclude data from reinsurance companies and takaful operators
|