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Market Research Report

The Insurance Industry in Morocco, Key


Trends and Opportunities to 2018
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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

Report Overview:
The Moroccan insurance industry is one of the largest in the Arab region, and the secondlargest 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.

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.

Key Highlights :
The Moroccan insurance industry is one of the largest in the Arab region, and the secondlargest 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.

Table of Contents:
1 Executive Summary
2 Introduction
3 Moroccan Insurance Industry Overview
4 Industry Segmentation
5 Competitive Landscape
6 Macroeconomic Indicators
7 Appendix

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.

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