Premiums increase 8% in Morocco, moving closer to new record levels

Moroccan insurance and reinsurance companies posted almost 8% year-on-year growth in aggregate premiums to 42.4 Moroccan dirhams ($4 billion) in the first nine months of the year, Middle East Insurance Review reported citing Le Matin. At this pace, the local insurance market is set to hit a new annual record in terms of premiums this year.