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Wafa Assurance was still the champion of the sector in the 1st half

For the exclusive reinsurance business, SCR earned 2.40 billion dirhams at the end of June, or 89% market share.

Despite strong competition, Wafa Assurance never leaves the first place in the insurance market in Morocco. Analysis of the performance of insurers in the first half of the year shows that Wafa Assurance maintains its leading position in the global market (life and non-life) with a share of 18.1% ahead of RMA (15.2%) and Mutuelle Taamine Chaabi (12.4% ). %), which also remains in the top 3. On the other hand, Axa Assurance Maroc climbs a rank to 4th place to the detriment of Sanlam Maroc. The latter, however, continues to position itself as head of the Claims department, while Mutuelle Taamine Chaabi is still in charge of the Life branch.

29.64 billion dirhams. This is the insurance sector’s revenue at the end of June 2022, an increase of 6.1% over a year. A record half-yearly amount driven by the historical performance of the top 10 insurance companies, especially the 6 largest companies in Morocco. The analysis of the performance of the insurance companies in the first half of the year shows that Wafa Assurance maintains its leading position in the global market (life and non-life) with a share of 18.1% after registering a historic half-yearly turnover in the social field of 5.35 billion . DH (+1.8%). RMA follows, maintaining its second position with a market share (PDM) of 15.2%, thanks to a 9.9% increase in its revenue to 4.51 billion dirhams. Mutuelle Taamine Chaabi also remains in the top 3. It achieved a record turnover (exclusively realized in the Life division) of 3.66 billion DH, an increase of 2.1%. Its market share was 12.4% per June 30, 2022. In addition, Axa Assurance Maroc moved up one rank (to the detriment of Sanlam) compared to the 2021 ranking and occupies 4th place.

Insurance company Axa had a half-yearly turnover of 3.49 billion DH, an increase of 17.3%. Its PDM has strengthened to 11.8%. Sanlam therefore dropped to 5th position with 3.36 billion dirhams in premiums (+8.3%), representing a market share of 11.4%. They are followed respectively by AtlantaSanad (10.4% of market share) and MCMA (4.8%), which exceed Marocaine Vie (4.5% of market share), ahead of Allianz (2.6%) and MAMDA (1.7% ), which closes the Top 10. At Livsgrenen, the insurance sector had a turnover of DKK 13.36 billion. (+6.5%). Mutuelle Taamine Chaabi is still in the lead with a Life market share of 27.5%. This is followed by Wafa Assurance (20.8%), RMA (17.9%), Axa Assurance Maroc (10.3%), Marocaine Vie (9.7%), AtlantaSanad (5.2%), Sanlam (3, 9%), MCMA (3.8%). ) and Allianz Assurance Maroc (1.0%).

In terms of the Casualty division, all the companies achieved a turnover of 16.28 billion dirhams, an increase of 5.9%. Sanlam Maroc still stands out in this industry with a market share of 17.4% ahead of Wafa Assurance (15.8%), AtlantaSanad (14.7%), Axa Assurance Maroc (13%) and RMA (13%), which closing top 5 Note that for the exclusive reinsurance activity, revenue reached 2.71 billion DH at the end of June 2022, an increase of 18.7% compared to the first half of last year. Société Centrale de Réassurance (SCR) alone earned 2.40 billion dirhams (+20.4%), or 89% market share, ahead of CAT, which earned 307.7 million dirhams (+6.4%), equivalent to 11% of PDM.

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