New Financial Services research report from Timetric is now available from Fast Market Research

Boston, MA -- (SBWire) -- 02/27/2013 --The Moroccan insurance industry is one of the largest in the Arab region and the second largest in Africa. Insurance penetration in Morocco as a percentage of GDP stood at 3.6% in 2011. Morocco's insurance industry penetration stood highest in the region in 2011 despite low income levels and unfavorable demographics. However, the industry grew at a CAGR of 7.7% during the review period. This growth was driven by favorable government strategies to expand the insurance industry, such as compulsory insurance provisions including compulsory third-party motor insurance and the implementation of various favorable insurance provisions including the Contrat Programme in 2011. Growth was further supported by economic development, the expanding mortgage market, growth in the travel and tourism industry and the introduction of the bancassurance channel.

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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.
- Insurance penetration in Morocco as a percentage of GDP stood at 3.6% in 2011.
- Morocco's insurance industry penetration stood highest in the region in 2011 despite low income levels and unfavorable demographics.
- However, the industry grew at a CAGR of 7.7% during the review period.
- This growth was driven by favorable government strategies to expand the insurance industry, such as compulsory insurance provisions including compulsory third-party motor insurance and the implementation of various favorable insurance provisions including the Contrat Programme in 2011.
- Growth was further supported by economic development, the expanding mortgage market, growth in the travel and tourism industry and the introduction of the bancassurance channel.

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 2007-2011 review period and forecast figures for the 2012-2016 forecast period
- It offers a detailed analysis of the key segments and sub-segments in the Moroccan insurance industry, along with forecasts until 2016
- 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

Reasons to Get this Report

- 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 within the Moroccan insurance industry
- Assess the competitive dynamics in the Moroccan insurance industry

Companies Mentioned in this Report: RMA Wataniya, AXA Assurance Maroc SA, CNIA Insurance, ZURICH Assurances Maroc, Atlanta-Sanad

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