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The Insurance Industry in Morocco, Key Trends and Opportunities to 2019

  • June 2016
  • -
  • Timetric
  • -
  • 198 pages

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Synopsis
Timetric’s 'The Insurance Industry in Morocco, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Moroccan insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Moroccan economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'The Insurance Industry in Morocco, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Moroccan insurance industry, including:

• The Moroccan insurance industry's growth prospects by segment and category

• A comprehensive overview of the Moroccan economy and demographics

• The detailed competitive landscape in the Moroccan insurance industry

• The various distribution channels in the Moroccan insurance industry

• Details of regulatory policy applicable to the Moroccan insurance industry

• Analysis of natural and man-made hazards in Morocco

Scope
This report provides a comprehensive analysis of the insurance industry in Morocco:

• It provides historical values for the Moroccan insurance industry for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

• It offers a detailed analysis of the key segments in the Moroccan insurance industry, with market forecasts to 2019.

• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.

• It analyzes the various distribution channels in Morocco.

• It profiles the top insurance companies in Morocco and outlines the key regulations affecting them.

Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Moroccan insurance industry and each segment and category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Moroccan insurance industry.

• Assess the competitive dynamics in the Moroccan insurance industry.

• Identify growth opportunities and market dynamics in key segments.

• Gain insights into key regulations governing the Moroccan insurance industry and their impact on companies and the industry's future.

Key Highlights
• Morocco has capitalized on its proximity to Europe and developed a market-oriented economy supported by low labor costs, industry development strategies and free-trade agreements (FTA) with the eurozone, the US, and neighboring African countries. The government is focusing on developing infrastructure, irrigation, mining and tourism in Morocco.

• In May 2015, the Moroccan government adopted a bill on the introduction of Sharia-compliant insurance, providing guidelines for takaful and retakaful operations in Morocco.

• In July 2016, a new health insurance law will be introduced, extending state health cover to students at universities and vocational training centers. Insurers are expected to launch supplementary health insurance plans for university students.

• The government has announced an extension of mandatory insurance, such as contractor’s all risk, architect and engineer’s liability, which is expected to come into force by end of 2016.

• On March 10, 2016, the Moroccan government adopted a bill to establish a natural catastrophe insurance scheme. A new fund will be established covering natural hazards, as well as man-made losses such as riots and terrorism. 2016.

• The prominent expansion strategies adopted by Moroccan insurers are extending to other less penetrated African countries such as Cameroon, Western Sahara and Algeria, among others, by either acquiring local businesses or setting up own branches and distribution channels.

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