The Moroccan insurance sector continues to show sustained growth in the first half of 2025, with a transaction volume reaching 37.7 billion dirhams, marking a 7.7% increase compared to the same period in 2024, according to the Moroccan Authority for Insurance and Social Welfare (ACAPS).
This figure consists of 34.5 billion dirhams for insurance, which reflects a rise of 7.5%, and 3.2 billion dirhams for reinsurance, with an increase of 10.8%, indicating a continued positive growth trend that began in 2024.
The life insurance sector recorded an 8.4% increase, driven by growth in savings denominated in dirhams (+5.6%), which makes up over 80% of the sector’s activity. Investment savings also saw a significant rise of 79.4%, reaching 975 million dirhams. Furthermore, death insurance increased by 4.4%, amounting to 1.9 billion dirhams, nearly half of which stemmed from loan insurance contracts.
On the other hand, the non-life insurance sector achieved 19.6 billion dirhams in premiums, up by 6.8%, a rate higher than the average performance over the past decade. This growth is particularly attributed to the automotive sector, which totaled 9.2 billion dirhams (+6.6%), as well as personal accident insurance, which increased by 5.4% to reach 3.1 billion dirhams.
Moreover, technical risks experienced a significant rise of 66.6%, fueled by a rebound in construction insurance, especially with the implementation of major infrastructure projects linked to upcoming international sporting events. Other non-life insurance branches, accounting for about 35% of total premiums, recorded a 5.7% growth, bringing their total to 6.9 billion dirhams.
The reinsurance market remains dominated by the single reinsurance company present, which holds 83% of the market share, especially in non-life activities (94% of risk acceptance).
These results underscore the robustness of the Moroccan insurance sector and its vital role in mobilizing national savings and financing the economy, alongside its support for major infrastructure projects.
