Algeria & Morocco Insurance Q1 2021

Algeria & Morocco Insurance Q1 2021

Key View:

Morocco's insurance market is one of the most developed in the Middle East and Africa region, and the outlook for thelife and non-life sectors is positive. A return to robust economic growth from 2017, alongside a stable fiscal situation andexpectations the currency will strengthen, has fed into quite bullish forecasts for the market, particularly for the non-life sector.Morocco's life sector still has potential, and the overall sector has been boosted after it was named among Africa's top three fastest-growing reinsurance markets. The prospects for Algeria's underdeveloped life insurance market are less attractive, although far fromnegative. Currency weakness and government austerity look likely to cap premium growth at the mid-single digits in local currencyterms and low single digits in US dollar terms. Both countries will see challenges in their respective insurance sectors due to theoutbreak of the Covid-19 pandemic and the resulting economical repercussions which will dampen growth.

Key View
Algeria Insurance SWOT
Morocco Insurance SWOT
Industry Forecast
Algeria Life Premiums Forecast
Algeria Non-Life Premiums Forecast
Algeria Non-Life Sub-Sector Forecast
Morocco Life Premiums Forecast
Morocco Non-Life Premiums Forecast
Morocco Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Middle East & North Africa Insurance Risk/Reward Index
Market Overview
Algeria Market Overview
Morocco Market Overview
Company Profile
Wafa Assurance
Insurance Methodology

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