ACAPS has just released, on August 15, quarterly statistics relating to the technical and financial activity of insurance companies.
It shows that in the first half of the year, premiums reached nearly 30 billion dirhams, up 5.3% compared to H1 2021. In detail, life premiums increased by 5.3% to 13.2 billion dirhams while Non-Life premiums increased by 5.2% to 16.5 billion dirhams.
Note that growth is 6.8% in the second quarter compared to Q2 2021.
Good performance of the automotive branch
Despite a sluggish new market, but representing only a tiny share of car sales in Morocco – the second-hand market being more active – car insurance performed well in Q2, posting an increase of 15, 9% compared to Q2 2021. Over 6 months, this important branch of the market has seen an increase of 8.6%.
Investments by companies: Increase in investments in UCITS
Finally, it should be noted that the allocated investments amount to 189.7 billion dirhams, of which 51% in rate assets and 43% in equities. While investments experienced a slight increase of 0.7% compared to Q1 of the year, the “equities” segment increased by 3.3% thanks to an increase in investments in unlisted shares and an increase in investments in UCITS. On the other hand, fixed income investments fell by 1.4% during the past quarter in a context of rising interest rates.
Real estate investments remain stable (-0.05%) compared to the end of March.