Ranking of Moroccan insurers according to 2022 turnover
Figures in thousands
| Companies | 2022 turnover (1) | 2021 turnover | 2021-2022 evolution (2) | 2022 shares | ||
|---|---|---|---|---|---|---|
| MAD | USD | MAD | USD | |||
| Wafa Assurance | 10 425 200 | 982 888 | 9 088 900 | 972 512 | 14.70% | 19.12% |
| RMA | 8 076 100 | 761 415 | 7 680 700 | 821 835 | 5.15% | 14.82% |
| Mutuelle Taamine Chaabi | 7 345 100 | 692 496 | 6 308 400 | 674 999 | 16.43% | 13.47% |
| Axa Assurance Maroc | 6 027 800 | 568 301 | 5 567 400 | 595 712 | 8.27% | 11.06% |
| Sanlam Assurance | 5 954 500 | 561 390 | 5 621 100 | 601 458 | 5.93% | 10.92% |
| AtlantaSanad | 5 403 600 | 509 451 | 5 400 800 | 577 886 | 0.05% | 9.91% |
| MCMA | 2 270 100 | 214 025 | 2 067 000 | 221 169 | 9.83% | 4.16% |
| Marocaine Vie | 2 268 700 | 213 893 | 2 339 100 | 250 284 | -3.01% | 4.16% |
| Allianz Assurance Maroc | 1 486 100 | 140 109 | 1 426 800 | 152 667 | 4.16% | 2.73% |
| MAMDA | 1 278 000 | 120 490 | 1 172 100 | 125 415 | 9.04% | 2.34% |
| CAT | 1 263 700 | 119 142 | 1 177 200 | 125 960 | 7.35% | 2.32% |
| MATU | 862 700 | 81 335 | 714 100 | 76 409 | 20.81% | 1.58% |
| Maroc Assistance Internationale | 602 700 | 56 823 | 620 900 | 66 436 | -2.93% | 1.11% |
| Africa First Assist (3) | 373 400 | 35 204 | 322 000 | 34 454 | 15.96% | 0.69% |
| Wafa Ima Assistance | 348 600 | 32 866 | 281 600 | 30 131 | 23.79% | 0.64% |
| Euler Hermes ACMAR | 140 400 | 13 237 | 134 200 | 14 359 | 4.62% | 0.26% |
| RMA Assistance | 140 000 | 13 199 | 123 000 | 13 161 | 13.82% | 0.26% |
| Coface Maroc | 112 300 | 10 588 | 71 200 | 7 618 | 57.72% | 0.21% |
| Axa Assistance Maroc | 74 900 | 7 062 | 55 700 | 5 960 | 34.47% | 0.14% |
| Smaex | 44 800 | 4 224 | 34 700 | 3 713 | 29.11% | 0.08% |
| Takafulia Assurance | 5 800 | 547 | - | - | - | 0.01% |
| Wafa Takaful | 3 800 | 358 | - | - | - | 0.01% |
| Al Maghribia Takaful | 1 500 | 141 | - | - | - | 0% |
| Taawounyiate Taamine Takafuli | 700 | 66 | - | - | - | 0% |
| Grand total | 54 510 500 | 5 139 250 | 50 206 900 | 5 372 138 | 8.57% | 100% |
(1) Preliminary situation
(2) Growth rate in local currency
(3) SAHAM Assistance becomes Africa First Assist in 2021
Source: Moroccan Federation of Insurance and Reinsurance Companies (FMSAR)
Exchange rate as at 31/12/2022 : 1 MAD = 0.09428 USD ; as at 31/12/2021 : 1 MAD = 0.107 USD
Read also | Moroccan insurance market
