##  Morocco's Insurance Industry Soars to New Heights in 2024

**Revenue Surpasses $5.9 Billion, Signaling Continued Growth Trajectory**

The Moroccan insurance sector closed 2024 on a high note, achieving a robust revenue of MAD 58.8 billion ($5.9 billion). This represents a significant 5.1% growth compared to the previous year, according to a joint financial stability report released Monday by Bank Al-Maghrib, the Insurance and Social Welfare Control Authority (ACAPS), and the Moroccan Capital Market Authority (AMMC).

**Despite Success, Pension Systems Face Underlying Challenges:**


While the insurance industry continues its impressive expansion, the report also highlights structural risks within Morocco's pension systems.  


##  Morocco's Insurance Industry Soars to New Heights in 2024

**Revenue Surpasses $5.9 Billion, Signaling Continued Growth Trajectory**

The Moroccan insurance

Insurance sector grows in 2024, but Morocco’s pension system

Insurance sector grows in 2024, but Morocco’s pension systems still face structural risks

## Cyberattack Cripples Allianz Life, Data Stolen From Majority of Customers and Employees

**Company Notifies FBI After Massive Breach**

Allianz Life confirmed a significant cyberattack that occurred in July resulted in the theft of data belonging to the "majority" of its customers and employees.  The company has officially notified the FBI about the incident.


No further details regarding the nature of the stolen data or the specifics of the attack were provided at this time. 


## Cyberattack Cripples Allianz Life, Data Stolen From Majority of Customers and Employees

**Company Notifies FBI After Massive Breach**

Allianz Life confirme

#Insurance

Insurance sector grows in 2024, but Morocco’s pension systems still face structural risks

Allianz Life says ‘majority’ of customers’ personal data stolen in cyberattack