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Algeria & Morocco Insurance Q3 2018

Algeria & Morocco Insurance Q3 2018

BMI 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 - feed into quite bullish forecasts on the market, particularly for the non-life sector.

Morocco's life sector still has potential, and the overall sector has been boosted as it was named among Africa's top three fastgrowing 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 USD terms. However, that might change in the near future.


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

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