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Morocco

Morocco

Insurance Intelligence

Providing expert analysis, independent market insight and company data on the insurance industry.

Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.

Axco’s Morocco Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.

The Life & Benefits Report for Morocco includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics

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Information for Morocco can be seen in:

Insurance Market Reports (Non-Life) Insurance Market Reports (Life & Benefits) Global Statistics Regulatory Alerts Market Profiles Insight Compliance Compliance Point Clinical Trials Axco API Insight Risk Manager

Country Information

Time-zone
Capital city
Currency
Population
Real GDP growth (%)
Inflation (%)
Total GWP (USD)
Insurance Penetration (%)
GMT +1
Rabat
MAD
36.91 mn
3.42 (2020)
1.12%
4,636.73 (mn)
3.96

The Moroccan non-life insurance market is dominated by motor business which according to statistics released by the Federation Marocaine des Societes d'Assurances et de Reassurance (FMSAR), accounted for 48.90% of total written premiums in 2018.

That year, the non-life market generated a gross premium income of MAD 18.93bn, while personal accident and health written in the non-life account added a further MAD 4.01bn.

There were 24 primary insurers and reinsurers in the market. Eight composite companies, three non-life only insurers, two solely life insurers, six assistance companies, three specialised surety and credit insurers and two reinsurance companies.

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