Our expert reading of the data — each chapter is supported by the official sources cited in methodology
01
Market state and structural trends
The Moroccan auto insurance market generates in 2025-2026 about 19 billion MAD in annual premiums, representing 35% of total insurance sector turnover (54 billion MAD). The auto segment remains the dominant non-life branch, ahead of health (17 billion), home (5.8 billion) and professional (4.2 billion). In Q2 2026, the market generated 4.8 billion MAD in premiums (+6.1% vs Q2 2025), supported by: (1) Densification of insured vehicle fleet — moved from 1.40 million insured vehicles Q2 2025 to 1.46 million Q2 2026 (+4.2%). (2) Migration to higher segments — Comprehensive share rising (from 14% in 2024 to 17% in 2026). (3) Measured tariff inflation — weighted premiums +3.4% over 1 year, below total inflation (+2.8%) but above core inflation (+1.9%).
02
Third Party / Third Party Plus / Comprehensive comparison
The market segments into three coverage levels: (1) **Third Party (legal minimum)** — 62% of market in 2026 (vs 64% in 2025, structural decline). Average premium 1,850 MAD/year. (2) **Third Party Plus / Extended Third Party** — 21% of market (vs 19% in 2025). Average premium 2,950 MAD/year. Includes RC + windshield + theft + fire + assistance. (3) **Comprehensive** — 17% of market (vs 14% in 2024). Average premium 5,240 MAD/year (variable 3,800-15,000 MAD depending on vehicle).
03
Top 12 insurers: Wafa, RMA, Saham leading trio
Q2 2026 ranking of Moroccan auto insurers by market share (issued premiums): (1) **Wafa Assurance** — 24.8% market share (1,190M MAD Q2). Historical leader, Attijariwafa Bank subsidiary, multi-channel distribution (bancassurance + direct agencies). (2) **RMA (Royale Marocaine d'Assurances)** — 21.3% (1,020M MAD). BMCE/FinanceCom subsidiary. (3) **Saham Assurance (Sanlam/Allianz)** — 18.6% (890M MAD). Dense agency network, strong digital innovations. (4) **Atlanta** — 9.7% (465M MAD). (5) **Sanad** — 7.4% (355M MAD). CIH Bank subsidiary. (6) **Allianz Maroc** — 5.8% (280M MAD). Top 3 concentration: 64.7%, Top 6 concentration: 87.6%.
04
Regional analysis and insured profiles
Geographic distribution of Q2 2026 auto premiums: Casablanca-Settat 38% (1.8 billion MAD, average premium 3,850 MAD), Rabat-Salé-Kénitra 17% (820M MAD, 3,480 MAD average), Tangier-Tétouan-Al Hoceima 11% (530M MAD, 3,020 MAD), Marrakech-Safi 9% (430M MAD, 2,850 MAD), Souss-Massa 7% (340M MAD, 2,720 MAD), Fès-Meknès 6% (290M MAD, 2,580 MAD), others 12%. Premium gaps between regions reflect: urban density and traffic (Casa +17% vs average), value of insured vehicles, claim rate, available agency network.
05
Claims and special cases: accidents, thefts, natural disasters
The Q2 2026 claims/premiums ratio (S/P) comes out at 78.2% (vs 76.4% Q2 2025), slight degradation explained by: (1) Rise in bodily accident frequency +3.2% over 1 year (post-COVID traffic densification effect + congested new roads/highways). (2) Repair cost inflation +8% (imported spare parts, garage labor). (3) Rise in medical costs for bodily victims (+6%). (4) Vehicle thefts up +12% over 1 year, mainly Casablanca (38% national thefts), Tangier (15%), Rabat (12%). (5) Natural disasters — October 2025 floods Nador-Tangier regions (430M MAD of vehicle claims).
06
H2 2026 forecasts and recommendations for insured
Our central scenario for H2 2026: volume growth +5%, weighted premium increase +2-3% (below 2025), with differentiation by segment: Third Party stable (strong competition, reduced margins), Third Party Plus +3-5% (growth segment), Comprehensive +5-8% (tariff tightening facing S/P degradation). Concrete recommendations for insured: (1) **Compare systematically** — 25-45% gap possible on same profile between insurers (wafir.ma audit on 850 profiles). Free comparator wafir.ma/compare/assurance-auto. (2) **Renegotiate at term** — long loyalty rarely rewarded. (3) **Adapt coverage** — vehicle >7 years value <40k MAD: Third Party alone enough (savings 1,800-3,000 MAD/year vs Comprehensive). (4) **Favor annual payment** — 8-12% gap vs monthly. (5) **Relevant options** — 24/7 assistance, windshield warranty for urban vehicles, legal protection. (6) **Young driver** — study 'accompanied driving' formulas (-15-25% premium).
