The Insurance Industry in Morocco, Key Trends and Opportunities to 2018

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Main Title
Market Research Report 
The Insurance Industry in Morocco, Key Trends
and Opportunities to 2018 
reportscue
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Synopsis The report provides in-depth industry
analysis, information and insights into the
insurance industry in Morocco, including The
Moroccan insurance industrys growth prospects by
insurance segment and category   The
competitive landscape in the Moroccan insurance
industry The current trends and drivers of the
Moroccan insurance industry Challenges facing
the Moroccan insurance industry The detailed
regulatory framework of the Moroccan insurance
industry
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Report OverviewThe Moroccan insurance industry
is one of the largest in the Arab region, and the
second-largest in Africa. Insurance penetration
in Morocco stood at 3.03 in 2013, while the
premium per capita stood at MAD815.4. Moroccos
insurance penetration was the regions highest in
2013 despite low income levels and unfavorable
demographics. However, the industry grew at a
CAGR of 6.2 during the review period
(20092013). This growth was driven by
favorable government strategies to expand the
insurance industry, such as compulsory health
insurance and third-party motor insurance, and
the Contrat Program in 2011. Growth was further
supported by economic development, the expanding
mortgage market, growth in the travel and tourism
industry and the introduction of bancassurance.
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Scope This report provides a comprehensive
analysis of the insurance industry in Morocco
It provides historical values for the Moroccan
insurance industry for the reports 20092013
review period, and projected figures for the
20132018 forecast period. It offers a
detailed analysis of the key segments and
categories in the Moroccan insurance industry,
along with forecasts until 2018. It covers an
exhaustive list of parameters, including written
premium, incurred loss, loss ratio, commissions
and expenses, combined ratio, total assets, total
investment income and retentions. It profiles
the top insurance companies in Morocco, and
outlines the key regulations affecting them.
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Key Highlights The Moroccan insurance
industry is one of the largest in the Arab
region, and the second-largest in Africa. The
Moroccan government introduced multiple insurance
reforms during the review period to develop a
favorable environment for foreign investors and
insurers. The government has introduced
reforms to improve efficiency and effectiveness
in the public healthcare system. However, there
are wide disparities in terms of access to
healthcare. The Ramed project was launched in
2008 to serve those not eligible for compulsory
health insurance. Around 5.1 million people,
approximately 15 of the population, were covered
by Ramed by the end July 2013. High
unemployment is a challenge to the Moroccan
economy. The high rates of unemployment are
expected to raise poverty and income inequality,
which may impact the insurance industry, as
unemployed people tend to be less inclined to
invest in financial products. 
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Table of Contents 1 Executive Summary 2
Introduction 3 Moroccan Insurance Industry
Overview 4 Industry Segmentation 5 Competitive
Landscape 6 Macroeconomic Indicators 7
 Appendix
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Reason To Buy Make strategic business
decisions using in-depth historic and forecast
industry data related to the Moroccan insurance
industry and each segment within it.
Understand the demand-side dynamics, key trends
and growth opportunities in the Moroccan
insurance industry. Assess the competitive
dynamics in the Moroccan insurance industry.
Identify the 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. To Get Details
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