The insurance market grew by 8.89% in 2012

The Moroccan market has posted 25.84 billion MAD (3 billion USD) in revenues in 2012, an increase of 8.89% compared to 2011. Non-life sales account for 66% of this total, that is 17.06 billion MAD (2 billion USD). Motor business accounts for 31% of all life and non-life market premiums, followed in second place by bodily injury and health classes with 11%. Fire insurance accounts for only 4.74% of total contributions. Life insurance and capitalization account for 34% of the market with total written premiums amounting to 8.78 billion MAD (1 billion USD), up by 8.8%. In terms of insurance penetration, Morocco is leading Arab countries with a rate of 3.14 % of GDP. The market counts 18 insurers, three of which are mutual insurance companies.