Morrocoan insurance record $3.15bn turnover as at June 2021

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By adnin

 

 

The Supervisory Authority for Insurance and Social Welfare (ACAPS), Morrocoan insurance market has recorded a turnover of 28.169 billion MAD (3.15 billion USD) in the first half of 2021, which represents a 3.08percent increase compared to the 27.326 billion MAD (2.7 billion USD) recorded at the end of June 2020.

With a 56.3bpercent market share, non-life premiums are progressing by 11 percent to reach 15.868 billion MAD (1.77 billion USD). The life activity is posting a 14.2 percent.  growth of its turnover with 12.301 billion MAD (1.37 billion USD). This class of business accounts for 43.7 percent of the total premiums underwritten in Morocco at the end of H1 2021

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