Stocks Market
Moroccan Insurance Premiums Jump 17% to Over 21.3 Billion Dirhams in Q1 2026
Morocco’s insurance sector recorded a robust 17.2% year‑on‑year increase in written premiums during the first quarter of 2026, topping 21.3 billion dirhams. Life lines surged 37% while non‑life grew 7.5%, and several sub‑segments such as unit‑linked savings posted spectacular gains.
Listen to this article
Unlock audio versions of premium articles and more with a Pro subscription.
Key Figures
According to the Authority for the Control of Insurance and Social Welfare (ACAPS), total premiums written by insurance and re‑insurance companies in Morocco reached 21.3 billion dirhams in the first quarter of 2026, a 17.2 % rise over the same period a year earlier.
Break‑down by line of business
- Life insurance – premiums grew 37 % to 8.2 billion dirhams.
- Non‑life insurance – premiums increased 7.5 % to 13.1 billion dirhams.
Within the life segment, the “unit‑linked savings” category exploded, up 385.9 % to 1.93 billion dirhams. Savings in dirham‑denominated funds and death‑benefit policies also rose, by 13.4 % and 6.8 % respectively.
On the non‑life side, the fastest‑growing lines were technical‑risk coverages (+41.9 %), credit‑guarantee products (+26.7 %) and automobile insurance (+10.0 %).
Claims and expenses
Claims and expenses paid in Q1 2026 amounted to 10.5 billion dirhams (+4.6 % YoY), split between 4.88 billion dirhams for life business and 5.61 billion dirhams for non‑life.
Investment portfolio
Insurance firms’ invested assets reached 239.4 billion dirhams, a 2.9 % increase since December 2025. The portfolio composition is dominated by fixed‑income assets (47 %), equities (43 %), real estate (6 %) and other assets (4 %).