Insurance in Morocco has had a strong start to 2026, with people and companies putting more money into cover across life and business risks.
In the first three months of the year, insurers and reinsurers issued 21.3bn dirhams in premiums, up 17.2% compared with the same period in 2025, according to the sector regulator.
Life insurance drove much of the growth, rising 37% to 8.2bn dirhams. Non-life insurance, which includes things like car and business cover, also went up 7.5% to 13.1bn dirhams.
Within life insurance, savings products linked to investment units saw a sharp jump. This segment nearly five times bigger than a year ago, rising 385.9% to 1.93bn dirhams. Traditional savings in dirhams increased 13.4%, while life cover linked to death benefits grew 6.8%.
On the non-life side, growth came from several areas. Insurance for technical risks rose 41.9%, credit and guarantee cover increased 26.7%, and car insurance went up 10%.
Money paid out by insurers in claims and expenses reached 10.5bn dirhams, a 4.6% rise. Life insurance accounted for 4.88bn dirhams of this, while non-life made up 5.61bn dirhams.
The sector also continues to grow its investment base, which reached 239.4bn dirhams, up 2.9% since December 2025. Nearly half is held in bonds and similar assets, followed by shares at 43%, property at 6%, and other investments at 4%.
