Moroccan insurance market: 2025 results

The Supervisory Authority of Insurance and Social Welfare (ACAPS) has released the 2025 figures for the Moroccan insurance market.

Direct insurance turnover reached 63.1 billion MAD (6.9 billion USD) as of 31 December 2025, representing year-over-year growth of 7.5%.

Non-life premiums totaled 33.7 billion MAD (3.7 billion USD), while the life insurance segment generated 29.4 billion MAD (3.2 billion USD).

Reinsurance acceptances increased by 4.5% to 4.4 billion MAD (478.2 million USD).

The net result reported by direct insurers and exclusive reinsurers rose by 19.1% year-over-year to 5.7 billion MAD (619.5 million USD) at the end of December 2025.

The sector’s equity capital stood at 51.3 billion MAD (5.6 billion USD). Return on equity (ROE) improved to 11.2%, compared with 9.9% in 2024.

The Takaful segment closed 2025 with a 49.5% increase in premiums, reaching 141.9 million MAD (15.4 million USD).