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Algeria & Morocco Insurance Report Q1 2016

  • December 2015
  • -
  • Business Monitor International
  • -
  • 63 pages

Includes 3 FREE quarterly updates

BMI View:

We expect solid growth in both the Moroccan and Algerian insurance markets over our current forecast period. Life and non-life premiums are expected to grow steadily, bolstered by wider economic growth and healthy increases in household incomes, which will boost demand for a range of insurance products. Algeria's insurance market is less developed, with limited rates of penetration and density, and will remain dominated by state-led firms in the medium term at least. Morocco's market is more competitive and benefits from the greater presence of local subsidiaries of major multinationals. With premiums growing and both markets becoming increasingly open to competition from abroad, we expect to see further development of new products and distribution platforms and hence increased penetration across both markets moving forward.


Key Updates And Forecasts

- Algeria's non-life market accounts for the majority of insurance premiums written in the country, a trend we expect to be maintained for the foreseeable future. Non-life premiums are currently forecast to
increase from USD1.2bn in 2015 to USD1.5bn in 2019.
- The smaller life sector in Algeria is expected to see slightly slower growth and overall life premiums written will increase from USD80mn in 2015 to USD100mn in 2019 - giving very low rates of density
and penetration.

Table Of Contents

Algeria and Morocco Insurance Report Q1 2016
BMI Industry View 7
Table: Headline Insurance Forecasts (Algeria 2012-2019) 7
Table: Headline Insurance Forecasts (Morocco 2012-2019) . 7
SWOT 9
Algeria Insurance SWOT . 9
Morocco Insurance SWOT 11
Algeria Industry Forecast . 12
Life Premiums Forecast . 12
Table: Life Premiums (Algeria 2012-2019) 14
Table: Life Insurance Claims (Algeria 2007-2014) . 15
Non-Life Premiums Forecast 15
Table: Non-Life Premiums (Algeria 2012-2019) . 17
Table: Non-Life Insurance Claims (Algeria 2008-2014) . . 19
Non-Life Sub-Sector Forecast .. 19
Table: Non-Life Insurance Premiums By Product Line (Algeria 2012-2019) . . 28
Morocco Industry Forecast . 29
Life Premiums Forecast . 29
Table: Life Premiums (Morocco 2012-2019) . . 31
Table: Life Insurance Claims (Morocco 2007-2014) 32
Non-Life Premiums Forecast 32
Table: Non-Life Premiums (Morocco 2012-2019) . . 34
Table: Non-Life Insurance Claims (Morocco 2008-2014) 34
Non-Life Sub-Sector Forecast .. 35
Table: Non-Life Insurance Premiums by Product Line (Morocco 2012-2019) 43
Insurance Risk/Reward Index 44
MENA Insurance Risk/Reward Index .. 44
Table: MENA Insurance Risk/Reward Index . . 45
Market Overview 46
Algeria Market Overview .. 46
The Product Offering 46
The Competitive Landscape 47
Morocco Market Overview 49
The Product Offering 49
The Competitive Landscape 51
Table: Life Insurance Market, 2007-2014 (USDmn) 51
Table: Non-Life Insurance Market, 2007-2014 (USDmn) . 53
Company Profile . 55
Wafa Assurance .. 55
Methodology . 57
Industry Forecast Methodology . 57
Risk/Reward Index Methodology 60
Table: Indicators . 62
Table: Weighting of Indicators . 63

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