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HomeInsuranceStrong increase in premiums in the third quarter

Strong increase in premiums in the third quarter

The insurance sector had a strong third quarter, according to indicators published by ACAPS on 14 November. Premiums rose by more than 11.5% to 12.4 billion dirhams in the period, bringing total premiums issued since the start of the year to 42.3 billion dirhams, an increase of 7.7%.

Life business increased by 16.3% to 6.4 billion dirhams in the third quarter, while non-life insurance premiums increased by 6.8% to 6 billion dirhams.

Note the good behavior of savings in dirhams (+22.7%), while interest rates are rising in the fixed income market. The automotive industry experienced a 0.9% decline in the third quarter.

Finally, it should be noted that the company’s investments reached 194 billion dirhams, an increase of 2.5% compared to the second quarter.

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