Premiums issued by insurance and reinsurance companies stood at some 29.7 billion dirhams (MMDH) at the end of June 2022, up 5.3% compared to the same period of the previous year, according to the Insurance and Social Welfare Supervisory Authority (ACAPS).
Thus, the “Non-Life” branch increased by 5.2% to more than 16.45 billion dirhams, driven, among other things, by the evolution of the “Catastrophic events” segments by 8.4% to 331.4 million dirhams. (MDH), “Injury accidents” (+5.8% to 2.58 billion dirhams) and “Automobile” (+8.6% to 7.73 billion dirhams), according to the quarterly statistics published by the Authority.
The “Life” branch, for its part, recorded an increase of 5.3% to more than 13.21 billion dirhams at the end of the first six months of the year, in particular under the weight of the “Savings-Supports Units of account” segment. » (+9% to 10.67 billion dirhams).
In the second quarter of the current year alone, ACAPS reported a 6.8% increase in premiums to nearly 14.36 billion dirhams. “Life” premiums increased by 11.8% to 8.14 billion dirhams and “Non-Life” by 0.8% to 6.21 billion dirhams.
In addition, the Authority informs that the services and costs paid, for the second quarter of 2022, amounted to nearly 9.34 billion dirhams, up 7.6% compared to Q2-2021.
Acquisition and management costs amounted, during the same period, to 2.42 billion dirhams, up 4.7% compared to 2021.
Affected investments, for their part, increased by 0.7% to 189.7 billion dirhams.