馃嚥馃嚘MoroccoNorth Africa
Moroccan insurance sector doubles revenue in 10 years, new development phase on the horizon
via Le Matin6 min read
The 12th Casablanca Insurance Rendezvous, organized by the Moroccan Insurance Federation FMA, convened 1,100 industry professionals and partners, including 240 international participants. Mohamed Hassan Bensalah, President of the FMA, and Abderrahim Chaffai, President of the Insurance and Social Welfare Supervisory Authority Acaps, delivered opening remarks, alongside Sayyid Nassir Bin Salim Al Busaidi, President of the Oman Insurance Association, as Oman was the featured country. Abderrahim Chaffai highlighted the Moroccan insurance market's significant growth, with total revenue more than doubling in ten years to 67.6 billion dirhams in 2025. The sector's balance sheet exceeds 331 billion dirhams, technical provisions are over 240 billion dirhams, and benefits paid to policyholders reached nearly 56 billion dirhams in 2025. Moroccan insurers are also major institutional investors, with allocated investments surpassing 244 billion dirhams, contributing to national economic financing. Despite these achievements, Chaffai noted room for improvement in penetration rates and insurance inclusion. Takaful insurance premiums reached 141.9 million dirhams in 2025, a nearly 50% increase from 2024. A key announcement was the proposed amendment to Book IV of the Insurance Code, which has been submitted to the General Secretariat of the Government for adoption. This reform aims to modernize the regulatory framework, addressing digital distribution, new channels, and the role of intermedi
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