Morocco’s insurance and reinsurance sector closed 2025 on a robust note, with total premiums written surpassing 64.3 billion dirhams — a year-on-year increase of 7.9 percent — according to figures released by the Insurance and Social Welfare Supervisory Authority, known by its French acronym ACAPS.
The growth was broad-based, with both major branches of the industry recording solid advances. Life insurance premiums rose 8.6 percent to reach 29.5 billion dirhams, while Non-Life premiums climbed 7.3 percent to 34.8 billion dirhams, reflecting expanding demand across personal and commercial lines.
Within the Life segment, the unit-linked savings category delivered the most striking performance, surging 43.8 percent to exceed 2.23 billion dirhams — a figure that points to growing investor appetite for market-linked financial products. Dirham-denominated savings and death benefit products each posted a steady 6.4 percent gain, reaching 23.57 billion dirhams and 3.66 billion dirhams respectively.
The Non-Life branch saw its sharpest expansion in technical risks, which jumped 74.9 percent, followed by acceptances at 25.7 percent and credit and surety coverage at 11.9 percent — increases that reflect both infrastructure investment momentum and a maturing commercial insurance landscape.
The sector’s momentum carried through to the final quarter of the year, with fourth-quarter premiums growing 9.1 percent to 16.06 billion dirhams, split between 8.47 billion dirhams in Life and 7.59 billion dirhams in Non-Life lines.
The results paint a picture of a sector gaining depth and diversification, driven by evolving consumer behavior, expanding formal economic activity, and a regulatory environment that has gradually encouraged broader participation in risk coverage products across Morocco’s growing middle class.
