Insurance solution for Moroccans facing the retirement crisis
Monday, 12 12 2016, Category: Insurance and Reinsurance, Country: Morocco
The insurance market has known during the past few years a large growth in the different insurance classes offered by companies operating in the sector including life insurance.
The life insurance market grew by an average of 14% in the past four years.
According to figures reported by the “L’economiste”, the life insurance premiums reached by June 2016 approximately 7.8 billion Dirhams. Banque Poulaire wrote 26.3% of the premiums of this market compared to 22.3% share for Wafa and 20% for RMA.
An expert in the insurance sector said in a press release that “there is a high demand for saving products” in order to solve problems related to retirement schemes, which motivate citizens to look for other solutions such as insurance to secure a decent living during old age retirement.
Source: Al Yaoum 24