2024-02-29 17:20:00
Moncef Ben Hayoun February 29, 2024 at 6:20 p.m.
After a record turnover in 2022, the sector of assurances did even better in 2023, despite the slowdown in its growth. Overall premiums recorded by insurance and reinsurance companies (excluding exclusive reinsurers) reached 57 billion DH, up 4.6% year-on-year (following +8.5% in 2022). This growth is driven by the Non-Life branchwhose premiums increased by 6.8% to 31.08 billion DH, ahead oflife insurance which only increased by 2.0% to 25.92 billion DH. Thus, following several years of double-digit growth, life insurance marks a respite. At the origin of this slowdown, the deceleration of savings in DH which only increased by 1.7% (to 21.3 billion DH) in 2023, compared to +16.3% a year earlier. On the other hand, collection on Account Units increased by 3.8% (following a fall of 28% in 2022) to reach 1.28 billion DH, driven by a good performance recorded during the 4th quarter (+289%). . For its part, death insurance increased by 4% to 3.34 billion DH, compared to -0.1% in 2022.
In the Non-Life sector, the insurance and reinsurance companies have, on the contrary, recorded a good performance, i.e. an increase of 6.8%, following 6.6% in 2022. The automobile sector remains the main driver of this activity in volume, with 14.55 billion DH in premiums, up 6.0%. This is followed by personal accident insurance (+7.7% to 5.43 billion DH) and fire insurance (+9.1% to 2.28 billion DH). For the rest of the Non-Life categories, we especially note an increase of 3.3% to 2.57 for the Work Accidents segment. Added to this is the mandatory guarantee once morest the consequences of catastrophic events which generated a business volume of 569 million DH, an increase of 1.5%. Thus, the structure of Life and Non-Life premiums at the end of 2023 shows that Savings in dirhams tops the categories in terms of business volume, ahead of automobile, personal injury, death and work accidents. As for investments in the insurance sector, the total outstanding amount accumulated 206.75 billion DH at the end of December 2023, up 1% over one quarter. Nearly half of the investments are invested in interest rate assets (99.18 billion DH) followed by equity assets (89.01 billion) and far ahead of real estate assets (12.17).
1709249678
#billion #premiums #issued
