AFMA Group reported revenue of MAD 191 million in the first half of 2026, together with an improvement in its financial position. This performance confirms the resilience of Morocco’s insurance brokerage and insurance services sector in an economic environment shaped by digital transformation and changing corporate needs.

The August 28 publication highlights two key dimensions: business growth and improved cash flow. Revenue reached MAD 191 million at the end of the first six months of 2026.

This performance comes in a market where companies are increasingly seeking risk-coverage solutions, particularly in industry, construction, logistics, investment and infrastructure.

Corporate Risk Becomes a Strategic Market

The evolution of the sector is directly linked to the transformation of the Moroccan economy. As companies invest, export and expand internationally, their insurance and risk-management needs become increasingly complex.

Industrial companies must now cover not only traditional risks, but also cyber, logistics, commercial, climate-related and supply-chain risks.

For financial services groups, this transformation creates new growth opportunities around risk analysis and support for Moroccan companies expanding across Africa.

AFMA therefore illustrates how a service-based economy can indirectly support Morocco’s growing industrial base.