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Moroccan Insurance Sector Generates MAD 17.6 Billion in Premiums During Q2 2026
Morocco's insurance and reinsurance industry demonstrated robust growth in the second quarter of 2026, with total premium income reaching MAD 17.6 billion, marking a 5.4% year-on-year increase. According to data released by ACAPS, the Insurance and Social Welfare Supervisory Authority, both Life and Non-Life segments contributed to this expansion, with particularly strong performance in unit-linked savings products and specialized Non-Life categories.
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Morocco's insurance industry continued its growth trajectory in the second quarter of 2026, with premium revenues surpassing MAD 17.6 billion, according to quarterly statistics released by the Insurance and Social Welfare Supervisory Authority (ACAPS). This represents a solid 5.4% increase compared to the same period in 2025.
Balanced Growth Across Life and Non-Life Segments
The premium distribution showed balanced performance across both major categories. The Life insurance segment generated over MAD 9.37 billion in premiums, registering a 5.2% year-over-year growth. Meanwhile, the Non-Life segment collected nearly MAD 8.25 billion, posting a slightly higher growth rate of 5.6%.
Unit-Linked Products Lead Life Insurance Growth
Within the Life insurance category, unit-linked savings products emerged as the standout performer, surging by an impressive 62.9% to reach MAD 799.5 million. Traditional dirham-denominated savings products showed more modest growth at 1.3%, while death benefit policies expanded by 6.9%.
Strong Performance in Specialized Non-Life Categories
The Non-Life segment witnessed particularly strong growth in specialized lines of business. Acceptances (reinsurance accepted from other companies) jumped by 22.6%, while Transport insurance premiums increased by 21.2%. Work accidents and occupational disease coverage grew by 14%, reflecting increased activity in these segments.
Claims and Benefits Payments Decline
In contrast to premium growth, benefits and claims paid during the second quarter of 2026 decreased by 7% to MAD 10.9 billion. The Life segment accounted for MAD 5.3 billion of these payments, while Non-Life claims totaled MAD 5.6 billion. This reduction in claims payments, combined with premium growth, suggests improved technical profitability for the sector during this period.
The ACAPS data indicates that Morocco's insurance market continues to expand steadily, with diversification across product lines contributing to overall sector resilience.