Premiums issued by insurance and reinsurance companies stood at 42.1 billion dirhams (billion dirhams) at the end of November 2020, up 2% compared to the same period of the previous year.
Statistics made public by the Insurance and Social Security Control Authority (Acaps) also show an increase in the “Non-Life” branch of 3.4% to 23.65 billion dirhams, mainly under the effect of the good behavior of the majority of its sub-branches. In detail, the premiums for bodily accidents stood at nearly 4.2 billion dirhams at the end of November, an improvement of 1.8%, while those issued under the “Fire” insurance amounted to 2 MMDH, up 18.9%.
Premiums for “Transport” insurance were 632.1 million dirhams (MDH), an increase of 5.3%, notes the same source.
The Acaps also reports a drop of 1.1% in motor insurance premiums to 11.09 billion dirhams, while those of occupational accidents and diseases insurance, recorded a drop of 1.4 % amounting to 2.2 billion dirhams.
With regard to the “Life” branch, written premiums have almost stagnated at MAD 18.43 billion (+ 0.01%) compared to the end of November 2019, notes the Acaps, noting that the sub-branch “Savings-support dirhams “posted a withdrawal of 1.3% to 14.51 billion dirhams.
For their part, death premiums fell by 0.9% to MAD 2.65 billion at the end of November, while premiums relating to unit-linked savings support appreciated by 23.9%, standing at to 1.26 billion dirhams.