Algeria & Morocco Insurance Report - Business Monitor International - Industry Reports

Algeria & Morocco Insurance Report

Algeria & Morocco Insurance Report - Business Monitor International - Industry Reports
Algeria & Morocco Insurance Report
Published Sep 03, 2016
73 pages — Published Sep 03, 2016
Price US$ 1,295.00  |  Buy this Report Now

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BMI View: Morocco s insurance sector should achieve steady, single digit growth during the forecast period. This is substantially due to the steady growth in the economy, which should boost most sub-sectors of the non-life segment and the life segment as a whole. ...In terms of premiums written, Morocco is the second largest market for insurance on the African continent after South Africa. In the context of the Middle East and North Africa (MENA) region, it is the third largest national market after Saudi Arabia and the United Arab Emirates (UAE): both these countries have far higher per capita incomes than Morocco, and the UAE s market is boosted by the importance of Dubai as a regional financial/business centre. In Algeria, the key development is the near certain rise in motor vehicle insurance rates. ...However, we see little evidence of progress with first- time users. Over the long term, we consider it very probable that at least some of the Moroccan insurers will

...� Business Monitor International Ltd Page - have good success in selling micro-insurance products to low-income households - although they may have to change their distribution strategies. New laws that will facilitate the development and distribution of takaful (and other sharia-compliant financial products) also represent a positive wildcard. Another positive wildcard is the government s promotion of the Casablanca Finance City (CFC) financial centre. Meanwhile, Algeria s underdeveloped insurance sector is in a transition from a situation where it is dominated by state-owned (or, at least, public sector/state-owned enterprise-related) insurers to one where there is much greater participation by private sector firms and foreign companies. A key trend in recent months has been the establishment of a large number of life/health insurance offshoots of existing players. ...We doubt that Algeria s life insurers will have much success in overcoming these problems over the coming five years. In ----, life insurance in Algeria is likely to account for around - of total premiums written.

...In November ----, Morocco s CIH Bank announced plans to buy a -- stake in Atlanta Insurance, part of the HOLMARCOM group. Storms in southern Morocco in November ---- caused claims damages amounting to over USD---mn. ...

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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Algeria & Morocco Insurance Report" Sep 03, 2016. Alacra Store. Apr 20, 2018. <>
Business Monitor International - Industry Reports. (2016). Algeria & Morocco Insurance Report Sep 03, 2016. New York, NY: Alacra Store. Retrieved Apr 20, 2018 from <>
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