The Insurance Industry in Morocco, Key Trends and Opportunities to 2016

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The Insurance Industry in Morocco, Key Trends and Opportunities to 2016

  1. 1. The Insurance Industry in Morocco, Key Trends andOpportunities to 2016Report Details:Published:December 2012No. of Pages: 115Price: Single User License – US$1950SynopsisThe report provides in depth industry analysis, information and insights into the insurance industryin Morocco, including:• The Moroccan insurance industry’s growth prospects by insurance segments and sub-segments• The competitive landscape in the Moroccan insurance industry• The current trends and drivers of the Moroccan insurance industry• The challenges facing the Moroccan insurance industry• The regulatory framework of the Moroccan insurance industrySummaryThe Moroccan insurance industry is one of the largest in the Arab region and the second largest inAfrica. 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 incomelevels and unfavorable demographics. However, the industry grew at a CAGR of 7.7% during thereview period. This growth was driven by favorable government strategies to expand the insuranceindustry, such as compulsory insurance provisions including compulsory third-party motorinsurance and the implementation of various favorable insurance provisions including the ContratProgramme in 2011. Growth was further supported by economic development, the expandingmortgage market, growth in the travel and tourism industry and the introduction of thebancassurance channel.ScopeThis report provides a comprehensive analysis of the insurance industry in Morocco:• It provides historical values for the Moroccan insurance industry for the report’s 2007–2011review 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 insuranceindustry, 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
  2. 2. • It profiles the top insurance companies in Morocco and outlines the key regulations affectingthemReasons To Buy• Make strategic business decisions using in depth historic and forecast industry data related tothe Moroccan insurance industry and each segment within it• Understand the demand-side dynamics, key trends and growth opportunities within theMoroccan insurance industry• Assess the competitive dynamics in the Moroccan insurance industry• Identify the growth opportunities and market dynamics within key segments• Gain insights into key regulations governing the Moroccan insurance industry and its impact oncompanies and the industrys futureKey Highlights• The Moroccan insurance industry is one of the largest in the Arab region and the second largestin 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 incomelevels 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 andthe implementation of various favorable insurance provisions including the Contrat Programme in2011.• 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.Get your copy of this report @http://www.reportsnreports.com/reports/210063-the-insurance-industry-in-morocco-key-trends-and-opportunities-to-2016.htmlMajor points covered in Table of Contents of this report includeTable of Contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 Moroccan Insurance Industry Overview3.1 Industry Overview3.2 Moroccan Insurance Industry Size, 2007–20163.3 Key Industry Trends and Drivers3.4 Challenges3.5 Regulation
  3. 3. 4 Industry Segmentation4.1 Life Insurance4.2 Non-Life Insurance4.2.1 Property insurance category4.2.2 Motor insurance category4.2.3 Liability insurance category4.2.4 Marine, aviation and transit insurance category4.3 Personal Accident and Health Insurance4.4 Reinsurance5 Competitive Landscape5.1 Overview5.2 Leading Companies5.2.1 RMA Wataniya – company overview5.2.2 AXA Assurance Maroc SA – company overview5.2.3 CNIA Insurance – company overview5.2.4 ZURICH Assurances Maroc– company overview5.2.5 Atlanta-Sanad– company overview6 Macroeconomic Indicators6.1 GDP at Constant Prices (US dollar)6.2 GDP per Capita at Constant Prices (US dollar)6.3 GDP at Current Prices (US dollar)6.4 Market Capitalization Trend6.5 Inflation Rate (%)6.6 Arable Land6.7 Exports as a Percentage of GDP6.8 Imports as a Percentage of GDP6.9 Healthcare Expenditure (% of GDP)6.1 Healthcare Expenditure per Capita6.11 Total Population6.12 Employed Population6.13 Annual Disposable Income7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 DisclaimerList of TablesTable 1: Insurance Industry DefinitionsTable 2: Moroccan Insurance Overall Written Premium by Segment (MAD Billion), 2007–2011Table 3: Moroccan Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011Table 4: Moroccan Insurance Overall Written Premium by Segment (MAD Billion), 2011–2016
  4. 4. Table 5: Moroccan Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016Table 6: Moroccan Insurance Segmentation (% Share), 2007–2016Table 7: Moroccan Life Insurance Written Premium by Category (MAD Billion), 2007–2011Table 8: Moroccan Life Insurance Written Premium by Category (US$ Billion), 2007–2011Table 9: Moroccan Life Insurance Written Premium by Category (MAD Billion), 2011–2016Table 10: Moroccan Life Insurance Written Premium by Category (US$ Billion), 2011–2016Table 11: Moroccan Life Insurance – Paid Claims (MAD Billion), 2007–2011Table 12: Moroccan Life Insurance – Paid Claims (MAD Billion), 2011–2016Table 13: Moroccan Life Insurance – Incurred Loss (MAD Billion), 2007–2011Table 14: Moroccan Life Insurance – Incurred Loss (MAD Billion), 2011–2016Table 15: Moroccan Life Insurance – Loss Ratio (%), 2007–2011Table 16: Moroccan Life Insurance – Loss Ratio (%), 2011–2016Table 17: Moroccan Life Insurance – Combined Ratio (%), 2007–2011Table 18: Moroccan Life Insurance – Combined Ratio (%), 2011–2016Table 19: Moroccan Life Insurance – Total Assets (MAD Billion), 2007–2011Table 20: Moroccan Life Insurance – Total Assets (MAD Billion), 2011–2016Table 21: Moroccan Life Insurance – Total Investment Income (MAD Billion), 2007–2011Table 22: Moroccan Life Insurance – Total Investment Income (MAD Billion), 2011–2016Table 23: Moroccan Life Insurance – Retentions (MAD Billion), 2007–2011Table 24: Moroccan Life Insurance – Retentions (MAD Billion), 2011–2016Table 25: Moroccan Non-life Insurance Written Premium by Category (MAD Billion), 2007–2011Table 26: Moroccan Non-life Insurance Written Premium by Category (US$ Billion), 2007–2011Table 27: Moroccan Non-life Insurance Written Premium by Category (MAD Billion), 2011–2016Table 28: Moroccan Non-life Insurance Written Premium by Category (US$ Billion), 2011–2016Table 29: Moroccan Non-life Insurance Segment – Paid Claim (MAD Billion), 2007–2011Table 30: Moroccan Non-life Insurance Segment – Paid Claim (MAD Billion), 2011–2016Table 31: Moroccan Non-life Insurance Segment – Incurred Loss (MAD Billion), 2007–2011Table 32: Moroccan Non-life Insurance Segment – Incurred Loss (MAD Billion), 2011–2016Table 33: Moroccan Non-life Insurance Segment – Loss Ratio (%), 2007–2011Table 34: Moroccan Non-life Insurance Segment– Loss Ratio (%), 2011–2016Table 35: Moroccan Non-life Insurance Segment– Combined Ratio (%), 2007–2011Table 36: Moroccan Non-life Insurance Segment – Combined Ratio (%), 2011–2016Table 37: Moroccan Non-life Insurance Segment – Total Assets (MAD Billion), 2007–2011Table 38: Moroccan Non-life Insurance Segment – Total Assets (MAD Billion), 2011–2016Table 39: Moroccan Non-life Insurance Segment – Total Investment Income (MAD Billion),2007–2011Table 40: Moroccan Non-life Insurance Segment – Total Investment Income (MAD Billion),2011–2016Table 41: Moroccan Non-life Insurance Segment – Retentions (MAD Billion), 2007–2011Table 42: Moroccan Non-life Insurance Segment – Retentions (MAD Billion), 2011–2016Table 43: Moroccan Property Insurance Category– Written Premium (MAD Billion), 2007–2011Table 44: Moroccan Property Insurance Category– Written Premium (MAD Billion), 2011–2016
  5. 5. Table 45: Moroccan Motor Insurance Category – Written Premium (MAD Billion), 2007–2011Table 46: Moroccan Motor Insurance Category – Written Premium (MAD Billion), 2011–2016Table 47: Moroccan Liability Insurance Category – Written Premium (MAD Billion), 2007–2011Table 48: Moroccan Liability Insurance Category – Written Premium (MAD Billion), 2011–2016Table 49: Moroccan Marine, Aviation and Transit Insurance Category – Written Premium (MADBillion), 2007–2011Table 50: Moroccan Marine, Aviation and Transit Insurance Category – Written Premium (MADBillion), 2011–2016Table 51: Moroccan Personal Accidental and Health Insurance Segment – Paid Claim (MADBillion), 2007–2011Table 52: Moroccan Personal Accidental and Health Insurance Segment – Paid Claim (MADBillion), 2011–2016Table 53: Moroccan Personal Accidental and Health Insurance Segment – Incurred Loss (MADBillion), 2007–2011Table 54: Moroccan Personal Accidental and Health Insurance Segment – Incurred Loss (MADBillion), 2011–2016Table 55: Moroccan Personal Accidental and Health Insurance Segment – Loss Ratio (%),2007–2011Table 56: Moroccan Personal Accidental and Health Insurance Segment – Loss Ratio (%),2011–2016Table 57: Moroccan Personal Accidental and Health Insurance Segment – Combined Ratio (%),2007–2011Table 58: Moroccan Personal Accidental and Health Insurance Segment – Combined Ratio (%),2011–2016Table 59: Moroccan Personal Accidental and Health Insurance Segment – Total Assets (MADBillion), 2007–2011Table 60: Moroccan Personal Accidental and Health Insurance Segment – Total Assets (MADBillion), 2011–2016Table 61: Moroccan Personal Accidental and Health Insurance Segment – Total InvestmentIncome (MAD Billion), 2007–2011Table 62: Moroccan Personal Accidental and Health Insurance Segment – Total InvestmentIncome (MAD Billion), 2011–2016Table 63: Moroccan Personal Accidental and Health Insurance Segment – Retentions (MADBillion), 2007–2011Table 64: Moroccan Personal Accidental and Health Insurance Segment – Retentions (MADBillion), 2011–2016Table 65: Moroccan Reinsurance Market (MAD Billion), 2007–2011Table 66: Moroccan Reinsurance Market (MAD Billion), 2011–2016Table 67: Moroccan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 68: Moroccan Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016Table 69: Moroccan Non-life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 70: Moroccan Non-life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
  6. 6. Table 71: Moroccan Personal Accident and Health Insurance Segment– Percentage ofReinsurance Ceded (%), 2007–2011Table 72: Moroccan Personal Accident and Health Insurance Segment – Percentage ofReinsurance Ceded (%), 2011–2016Table 73: Morocco Insurance Industry Share, 2011Table 74: RMA Wataniya, Main ProductsTable 75: RMA Wataniya, Key EmployeesTable 76: AXA Assurance Maroc SA, Main ProductsTable 77: AXA Assurance Maroc SA, Key EmployeesTable 78: CNIA Insurance, Main ProductsTable 79: CNIA Insurance, Key EmployeesTable 80: ZURICH Assurances Maroc, Main ProductsTable 81: Atlanta-Sanad, Main ProductsList of FiguresFigure 1: Moroccan Insurance Overall Written Premium by Segment (MAD Billion), 2007–2016Figure 2: Moroccan Insurance Industry Dynamics by Segment, 2007–2016Figure 3: Moroccan Life Insurance Written Premium by Category (MAD Billion), 2007–2016Figure 4: Moroccan Life Insurance Written Premium by Category (% Share), 2011 and 2016Figure 5: Life Insurance Category Industry by Sub-Category, 2007–2016Figure 6: Moroccan Life Insurance – Paid Claims (MAD Billion), 2007–2011Figure 7: Moroccan Life Insurance – Paid Claims (MAD Billion), 2011–2016Figure 8: Moroccan Life Insurance – Incurred Loss (MAD Billion), 2007–2011Figure 9: Moroccan Life Insurance – Incurred Loss (MAD Billion), 2011–2016Figure 10: Moroccan Life Insurance – Loss Ratio (%), 2007–2011Figure 11: Moroccan Life Insurance – Loss Ratio (%), 2011–2016Figure 12: Moroccan Life Insurance – Combined Ratio (%), 2007–2011Figure 13: Moroccan Life Insurance – Combined Ratio (%), 2011–2016Figure 14: Moroccan Life Insurance – Total Assets (MAD Billion), 2007–2011Figure 15: Moroccan Life Insurance – Total Assets (MAD Billion), 2011–2016Figure 16: Moroccan Life Insurance – Total Investment Income (MAD Billion), 2007–2011Figure 17: Moroccan Life Insurance – Total Investment Income (MAD Billion), 2011–2016Figure 18: Moroccan Life Insurance – Retentions (MAD Billion), 2007–2011Figure 19: Moroccan Life Insurance – Retentions (MAD Billion), 2011–2016Figure 20: Moroccan Life Insurance Penetration (% of GDP), 2007–2011Figure 21: Moroccan Life Insurance – Premium Per-capita (MAD), 2007–2011Figure 22: Moroccan Non-life Insurance Written Premium by Category (MAD Billion), 2007–2016Figure 23: Moroccan Non-life Insurance Written Premium by Category (% Share), 2011 and 2016Figure 24: Moroccan Non-life Insurance Category Dynamics by Category, 2007–2016Figure 25: Moroccan Non-life Insurance Segment – Paid Claims by Category (MAD Billion),2007–2011Figure 26: Moroccan Non-life Insurance Segment– Paid Claims (MAD Billion), 2011–2016
  7. 7. Figure 27: Moroccan Non-life Insurance Segment– Incurred Loss (MAD Billion), 2007–2011Figure 28: Moroccan Non-life Insurance Segment– Incurred Loss by Category (MAD Billion),2007–2016Figure 29: Moroccan Non-life Insurance Segment – Loss Ratio (%), 2007–2011Figure 30: Moroccan Non-life Insurance Segment– Loss Ratio (%), 2011–2016Figure 31: Moroccan Non-life Insurance Segment – Combined Ratio (%), 2007–2011Figure 32: Moroccan Non-life Insurance Segment – Combined Ratio (%), 2011–2016Figure 33: Moroccan Non-life Insurance Segment – Total Assets (MAD Billion), 2007–2011Figure 34: Moroccan Non-life Insurance Segment – Total Assets (MAD Billion), 2011–2016Figure 35: Moroccan Non-life Insurance Segment – Total Investment Income (MAD Billion),2007–2011Figure 36: Moroccan Non-life Insurance Segment – Total Investment Income (MAD Billion),2011–2016Figure 37: Moroccan Non-life Insurance Segment – Retentions (MAD Billion), 2007–2011Figure 38: Moroccan Non-life Insurance Segment – Retentions (US$ Billion), 2011–2016Figure 39: Moroccan Non-life Insurance Segment – Premium Per Capita (MAD), 2007–2011Figure 40: Moroccan Property Insurance Category – Written Premium (MAD Billion), 2007–2011Figure 41: Moroccan Property Insurance Category – Written Premium (MAD Billion), 2011–2016Figure 42: Moroccan Motor Insurance Category – Written Premium (MAD Billion), 2007–2011Figure 43: Moroccan Motor Insurance Category – Written Premium (MAD Billion), 2011–2016Figure 44: Moroccan Liability Insurance Category – Written Premium (MAD Billion), 2007–2011Figure 45: Moroccan Liability Insurance Category – Written Premium (MAD Billion), 2011–2016Figure 46: Moroccan Marine, Aviation and Transit Insurance Category – Written Premium (MADBillion), 2007–2011Figure 47: Moroccan Marine, Aviation and Transit Insurance Category – Written Premium (MADBillion), 2011–2016Figure 48: Moroccan Personal Accidental and Health Insurance Segment – Paid Claims byCategory (MAD Billion), 2007–2011Figure 49: Moroccan Personal Accidental and Health Insurance Segment – Paid Claims (MADBillion), 2011–2016Figure 50: Moroccan Personal Accidental and Health Insurance Segment – Incurred Loss (MADBillion), 2007–2011Figure 51: Moroccan Personal Accidental and Health Insurance Segment – Incurred Loss byCategory (MAD Billion), 2007–2016Figure 52: Moroccan Personal Accidental and Health Insurance Segment – Loss Ratio (%),2007–2011Figure 53: Moroccan Personal Accidental and Health Insurance Segment – Loss Ratio (%),2011–2016Figure 54: Moroccan Personal Accidental and Health Insurance Segment – Combined Ratio (%),2007–2011Figure 55: Moroccan Personal Accidental and Health Insurance Segment – Combined Ratio (%),2011–2016
  8. 8. Figure 56: Moroccan Personal Accidental and Health Insurance Segment – Total Assets (MADBillion), 2007–2011Figure 57: Moroccan Personal Accidental and Health Insurance Segment – Total Assets (MADBillion), 2011–2016Figure 58: Moroccan Personal Accidental and Health Insurance Segment – Total InvestmentIncome (MAD Billion), 2007–2011Figure 59: Moroccan Personal Accidental and Health Insurance Segment – Total InvestmentIncome (MAD Billion), 2011–2016Figure 60: Moroccan Personal Accidental and Health Insurance Segment – Retentions (MADBillion), 2007–2011Figure 61: Moroccan Personal Accidental and Health Insurance Segment – Retentions (US$Billion), 2011–2016Figure 62: Moroccan Personal Accidental and Health Insurance Segment Penetration (% of GDP),2007–2011Figure 63: Moroccan Personal Accidental and Health Insurance Segment – Premium Per Capita(MAD), 2007–2011Figure 64: Moroccan Reinsurance Market (MAD Billion), 2007–2011Figure 65: Moroccan Reinsurance Market (MAD Billion), 2011–2016Figure 66: Moroccan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 67: Moroccan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 68: Moroccan Non-life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 69: Moroccan Non-life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 70: Moroccan Personal Accident and Health Insurance Segment – Percentage ofReinsurance Ceded (%), 2007–2011Figure 71: Moroccan Personal Accident and Health Insurance Segment – Percentage ofReinsurance Ceded (%), 2011–2016Figure 72: Morocco Insurance Industry Share 2011Figure 73: Moroccan GDP at Constant Prices (US$ Billion), 2007–2011Figure 74: Moroccan GDP Per Capita at Constant Prices (US$), 2007–2011Figure 75: Moroccan GDP at Current Prices (US$ Billion), 2007–2011Figure 76: Moroccan Stock Exchange Market Capitalization (US$ Billion), 2007–2011Figure 77: Moroccan Inflation Rate (%), 2007–2011Figure 78: Moroccan Arable Land (Million hectares), 2007–2011Figure 79: Moroccan Exports as a Percentage of GDP (%), 2007–2011Figure 80: Moroccan Imports as a Percentage of GDP (%), 2007–2011Figure 81: Moroccan Healthcare Expenditure Per Capita (US$), 2007–2011Figure 82: Moroccan Healthcare Expenditure Per Capita (US$), 2007–2011Figure 83: Moroccan Total Population (Million), 2007–2011Figure 84: Moroccan Employed Population (%), 2007–2011Figure 85: Moroccan Annual Disposable Income (US$ Billion), 2007–2011Contact: sales@reportsandreports.com for more information.

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