Algeria & Morocco Insurance Q3 2018
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook