5.3% increase in written premiums at the end of June

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.

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