🇲🇦MoroccoNorth Africa
Takaful sector shows strong growth in 2025 but remains marginal in overall insurance market
via Le Matin3 min read
The Takaful insurance segment in Morocco has demonstrated sustained growth over three consecutive years, with cumulative premiums from four operators increasing from 65.8 million dirhams in 2023 to 95 million in 2024, and then to 142 million in 2025. This represents a 2.2-fold increase in two years. Takafulia Assurance leads the market with 62.8 million dirhams in global premiums in 2025, driven primarily by its Life branch. Wafa Takaful recorded the highest growth at 73.8%, reaching 38.9 million dirhams, also predominantly in the Life branch. Taawouniyate Taamine Takafuli ranked third with 21.4 million dirhams, exclusively from Life activities, while Al Maghribia Takaful closed the ranking with 18.9 million dirhams. The Moroccan Takaful structure is heavily oriented towards Life insurance, which accounted for 128 million dirhams 90% of the total Takaful market in 2025, compared to only 13.9 million dirhams for Non-Life. Despite this strong growth, the Takaful segment's actual weight in the overall Moroccan insurance market remains marginal, representing only 0.22% of the total market, which generated 64,269 million dirhams in 2025. Abderrahim Chaffai, president of Acaps, noted that Takaful's development is part of a diversification strategy and is closely linked to participatory banking finance.
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