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The Insurance Industry in Morocco, Key Trends and Opportunities to 2019

The Insurance Industry in Morocco, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'The Insurance Industry in Morocco, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Moroccan insurance industry.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Moroccan economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'The Insurance Industry in Morocco, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Moroccan insurance industry, including:

  • The Moroccan insurance industry's growth prospects by segment and category
  • A comprehensive overview of the Moroccan economy and demographics
  • The detailed competitive landscape in the Moroccan insurance industry
  • The various distribution channels in the Moroccan insurance industry
  • Details of regulatory policy applicable to the Moroccan insurance industry
  • Analysis of natural and man-made hazards in Morocco
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 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key segments in the Moroccan insurance industry, with market forecasts to 2019.
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, combined ratio, total assets, total investment income and retentions.
  • It analyzes the various distribution channels in Morocco.
  • It profiles the top insurance companies in Morocco and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Moroccan insurance industry and each segment and category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Moroccan insurance industry.
  • Assess the competitive dynamics in the Moroccan insurance industry.
  • Identify growth opportunities and market dynamics in key segments.
  • Gain insights into key regulations governing the Moroccan insurance industry and their impact on companies and the industry's future.
Key Highlights
  • Morocco has capitalized on its proximity to Europe and developed a market-oriented economy supported by low labor costs, industry development strategies and free-trade agreements (FTA) with the eurozone, the US, and neighboring African countries. The government is focusing on developing infrastructure, irrigation, mining and tourism in Morocco.
  • In May 2015, the Moroccan government adopted a bill on the introduction of Sharia-compliant insurance, providing guidelines for takaful and retakaful operations in Morocco.
  • In July 2016, a new health insurance law will be introduced, extending state health cover to students at universities and vocational training centers. Insurers are expected to launch supplementary health insurance plans for university students.
  • The government has announced an extension of mandatory insurance, such as contractor’s all risk, architect and engineer’s liability, which is expected to come into force by end of 2016.
  • On March 10, 2016, the Moroccan government adopted a bill to establish a natural catastrophe insurance scheme. A new fund will be established covering natural hazards, as well as man-made losses such as riots and terrorism. 2016.
  • The prominent expansion strategies adopted by Moroccan insurers are extending to other less penetrated African countries such as Cameroon, Western Sahara and Algeria, among others, by either acquiring local businesses or setting up own branches and distribution channels.


  • Key Facts and Highlights
    • Table Moroccan Insurance Industry - Key Facts
  • Executive Summary
  • Economy and Demographics
    • Table Moroccan Government Credit Ratings
  • Moroccan Insurance Industry Overview
    • The Moroccan Insurance Industry
      • Table Moroccan Insurance - Gross Written Premium by Segment (MAD Billion), 2010-2014
      • Table Moroccan Insurance - Gross Written Premium by Segment (US$ Billion), 2010-2014
      • Table Moroccan Insurance - Gross Written Premium by Segment (MAD Billion), 2014-2019
      • Table Moroccan Insurance - Gross Written Premium by Segment (US$ Billion), 2014-2019
      • Table Moroccan Insurance - Segmentation by Gross Written Premium (% Share), 2010-2019
      • Table Moroccan Insurance - Direct Written Premium by Segment (MAD Billion), 2010-2014
      • Table Moroccan Insurance - Direct Written Premium by Segment (US$ Billion), 2010-2014
      • Table Moroccan Insurance - Direct Written Premium by Segment (MAD Billion), 2014-2019
      • Table Moroccan Insurance - Direct Written Premium by Segment (US$ Billion), 2014-2019
      • Table Moroccan Insurance Segmentation by Direct Written Premium (Percentage Share), 2010-2019
  • Life Insurance
    • Table Moroccan Life Insurance - Gross Written Premium by Sub-Segment (MAD Billion), 2010-2014
    • Table Moroccan Life Insurance - Gross Written Premium by Sub-Segment (US$ Million), 2010-2014
    • Table Moroccan Life Insurance - Gross Written Premium by Sub-Segment (MAD Billion), 2014-2019
    • Table Moroccan Life Insurance - Gross Written Premium by Sub-Segment (US$ Million), 2014-2019
    • Table Moroccan Life Insurance Segmentation by Gross Written Premium (% Share), 2010-2019
    • Table Moroccan Life Insurance - Direct Written Premium by Sub-Segment (MAD Billion), 2010-2014
    • Table Moroccan Life Insurance - Direct Written Premium by Sub-Segment (US$ Million), 2010-2014
    • Table Moroccan Life Insurance - Direct Written Premium by Sub-Segment (MAD Billion), 2014-2019
    • Table Moroccan Life Insurance - Direct Written Premium by Sub-Segment (US$ Million), 2014-2019
    • Table Moroccan Life Insurance Segmentation by Direct Written Premium (% Share), 2010-2019
    • Table Moroccan Individual Life Insurance - Gross Written Premium by Category (MAD Billion), 2010-2014
    • Table Moroccan Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
    • Table Moroccan Individual Life Insurance - Gross Written Premium by Category (MAD Billion), 2014-2019
    • Table Moroccan Individual Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
    • Table Moroccan Individual Life Insurance - Direct Written Premium by Category (MAD Billion), 2010-2014
    • Table Moroccan Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
    • Table Moroccan Individual Life Insurance - Direct Written Premium by Category (MAD Billion), 2014-2019
    • Table Moroccan Individual Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
    • Table Moroccan Group Life Insurance - Gross Written Premium by Category (MAD Billion), 2010-2014
    • Table Moroccan Group Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
    • Table Moroccan Group Life Insurance - Gross Written Premium by Category (MAD Billion), 2014-2019
    • Table Moroccan Group Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
    • Table Moroccan Group Life Insurance - Direct Written Premium by Category (MAD Billion), 2010-2014
    • Table Moroccan Group Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
    • Table Moroccan Group Life Insurance - Direct Written Premium by Category (MAD Billion), 2014-2019
    • Table Moroccan Group Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
    • Table Moroccan Life Insurance - Paid Claims (MAD Billion), 2010-2014
    • Table Moroccan Life Insurance - Paid Claims (MAD Billion), 2014-2019
    • Table Moroccan Life Insurance - Incurred Loss (MAD Billion), 2010-2014
    • Table Moroccan Life Insurance - Incurred Loss (MAD Billion), 2014-2019
    • Table Moroccan Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
    • Table Moroccan Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
    • Table Moroccan Life Insurance - Total Assets (MAD Billion), 2010-2014
    • Table Moroccan Life Insurance - Total Assets (MAD Billion), 2014-2019
    • Table Moroccan Life Insurance - Total Investment Income (MAD Billion), 2010-2014
    • Table Moroccan Life Insurance - Total Investment Income (MAD Billion), 2014-2019
    • Table Moroccan Life Insurance - Net Written Premium (MAD Billion), 2010-2014
    • Table Moroccan Life Insurance - Net Written Premium (MAD Billion), 2014-2019
    • Table Moroccan Individual Whole Life Insurance - Gross Written Premium (MAD Billion), 2010-2014
    • Table Moroccan Individual Whole Life Insurance - Gross Written Premium (MAD Billion), 2014-2019
    • Table Moroccan Individual Pension Insurance - Gross Written Premium (MAD Billion), 2010-2014
    • Table Moroccan Individual Pension Insurance - Gross Written Premium (MAD Billion), 2014-2019
    • Table Moroccan Individual Endowment Insurance - Gross Written Premium (MAD Million), 2010-2014
    • Table Moroccan Individual Endowment Insurance - Gross Written Premium (MAD Million), 2014-2019
    • Table Moroccan Individual Others Insurance - Gross Written Premium (MAD Million), 2010-2014
    • Table Moroccan Individual Others Insurance - Gross Written Premium (MAD Billion), 2014-2019
    • Table Moroccan Group Whole Life Insurance - Gross Written Premium (MAD Billion), 2010-2014
    • Table Moroccan Group Whole Life Insurance - Gross Written Premium (MAD Billion), 2014-2019
    • Table Moroccan Group Superannuation Insurance - Gross Written Premium (MAD Billion), 2010-2014
    • Table Moroccan Group Superannuation Insurance - Gross Written Premium (MAD Billion), 2014-2019
    • Table Moroccan Group Others Insurance - Gross Written Premium (MAD Million), 2010-2014
    • Table Moroccan Group Others Insurance - Gross Written Premium (MAD Million), 2014-2019
  • Non-Life Insurance
    • Table Moroccan Non-Life Insurance - Gross Written Premium by Category (MAD Billion), 2010-2014
    • Table Moroccan Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
    • Table Moroccan Non-Life Insurance - Gross Written Premium by Category (MAD Billion), 2014-2019
    • Table Moroccan Non-Life Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
    • Table Moroccan Non-Life Insurance - Direct Written Premium by Category (MAD Billion), 2010-2014
    • Table Moroccan Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
    • Table Moroccan Non-Life Insurance - Direct Written Premium by Category (MAD Billion), 2014-2019
    • Table Moroccan Non-Life Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
    • Table Moroccan Non-Life Insurance - Paid Claims (MAD Billion), 2010-2014
    • Table Moroccan Non-Life Insurance - Paid Claims (MAD Billion), 2014-2019
    • Table Moroccan Non-Life Insurance - Incurred Loss (MAD Billion), 2010-2014
    • Table Moroccan Non-Life Insurance - Incurred Loss (MAD Billion), 2014-2019
    • Table Moroccan Non-Life Insurance - Loss Ratio (%), 2010-2014
    • Table Moroccan Non-Life Insurance - Loss Ratio (%), 2014-2019
    • Table Moroccan Non-Life Insurance - Combined Ratio (%), 2010-2014
    • Table Moroccan Non-Life Insurance - Combined Ratio (%), 2014-2019
    • Table Moroccan Non-Life Insurance - Total Assets (MAD Billion), 2010-2014
    • Table Moroccan Non-Life Insurance - Total Assets (MAD Billion), 2014-2019
    • Table Moroccan Non-Life Insurance - Total Investment Income (MAD Billion), 2010-2014
    • Table Moroccan Non-Life Insurance - Total Investment Income (MAD Billion), 2014-2019
    • Table Moroccan Non-Life Insurance - Net Written Premium (MAD Billion), 2010-2014
    • Table Moroccan Non-Life Insurance - Net Written Premium (MAD Billion), 2014-2019
    • Property Insurance
      • Table Moroccan Property Insurance - Gross Written Premium (MAD Billion), 2010-2014
      • Table Moroccan Property Insurance - Gross Written Premium (MAD Billion), 2014-2019
    • Motor Insurance
      • Table Moroccan Motor Insurance - Gross Written Premium (MAD Billion), 2010-2014
      • Table Moroccan Motor Insurance - Gross Written Premium (MAD Billion), 2014-2019
    • Liability Insurance
      • Table Moroccan Liability Insurance - Gross Written Premium (MAD Billion), 2010-2014
      • Table Moroccan Liability Insurance - Gross Written Premium (MAD Billion), 2014-2019
    • Marine, Aviation and Transit Insurance
      • Table Moroccan Marine, Aviation and Transit Insurance - Gross Written Premium (MAD Million), 2010-2014
      • Table Moroccan Marine, Aviation and Transit Insurance - Gross Written Premium (MAD Million), 2014-2019
  • Personal Accident and Health Insurance
    • Table Moroccan Personal Accident and Health Insurance - Gross Written Premium by Category (MAD Billion), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Gross Written Premium by Category (MAD Billion), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Direct Written Premium by Category (MAD Billion), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Direct Written Premium by Category (MAD Billion), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Paid Claims (MAD Billion), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Paid Claims (MAD Billion), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Incurred Loss (MAD Billion), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Incurred Loss (MAD Billion), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Total Assets (MAD Billion), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Total Assets (MAD Billion), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Total Investment Income (MAD Million), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Total Investment Income (MAD Million), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - Net Written Premium (MAD Billion), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - Net Written Premium (MAD Billion), 2014-2019
    • Personal Accident Insurance
      • Table Moroccan Personal Accident Insurance - Gross Written Premium (MAD Million), 2010-2014
      • Table Moroccan Personal Accident Insurance - Gross Written Premium (MAD Million), 2014-2019
    • Health Insurance
      • Table Moroccan Health Insurance - Gross Written Premium (MAD Billion), 2010-2014
      • Table Moroccan Health Insurance - Gross Written Premium (MAD Billion), 2014-2019
  • Reinsurance
    • Table Moroccan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (MAD Billion), 2010-2014
    • Table Moroccan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2010-2014
    • Table Moroccan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (MAD Billion), 2014-2019
    • Table Moroccan Reinsurance - Premium Ceded (Excluding Retrocession) by Insurance Segment (US$ Million), 2014-2019
    • Table Moroccan Life Insurance - % of Premium Ceded (Excluding Retrocession), 2010-2014
    • Table Moroccan Life Insurance - % of Premium Ceded (Excluding Retrocession), 2014-2019
    • Table Moroccan Non-Life Insurance - % of Premium Ceded (Excluding Retrocession), 2010-2014
    • Table Moroccan Non-Life Insurance - % of Premium Ceded (Excluding Retrocession), 2014-2019
    • Table Moroccan Personal Accident and Health Insurance - % of Premium Ceded (Excluding Retrocession), 2010-2014
    • Table Moroccan Personal Accident and Health Insurance - % of Premium Ceded (Excluding Retrocession), 2014-2019
  • Natural and Man-made Hazards
    • Table Moroccan Economic Loss by Hazard, 1990-2014
    • Table Moroccan Average Annual Loss by Hazard, 1990-2014
    • Droughts
    • Floods
    • Earthquake
    • Exposure
  • Distribution Channel Outlook
  • Competitive Landscape
    • Overview
    • Leading Companies
      • Table Moroccan Life and Non-Life Insurance Companies, 2014
      • RMA Watanya - company overview
        • Table RMA Watanya - Key Facts
      • Axa Assurance Maroc SA - company overview
        • Table Axa Assurance Maroc SA - Key Facts
      • Saham Assurance SA - company overview
        • Table Saham Assurance SA - Key Facts
      • Wafa Assurance SA - company overview
        • Table Wafa Assurance SA - Key Facts
      • Sanad SA - company overview
        • Table Sanad SA - Key Facts
      • Zurich Assurances Maroc - company overview
        • Table Zurich Assurances Maroc - Key Facts
      • Atlanta Assurance- company overview
        • Table Atlanta Assurance - Key Facts
  • Governance, Risk and Compliance
    • Table Morocco - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Morocco - Life Insurance Regulatory Framework
      • Property insurance
        • Table Morocco - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Morocco - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Morocco - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance regulations
      • Personal accident and health insurance regulations
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Workmen's compensation insurance
    • Supervision and Control
      • International Association of Insurance Supervisors
      • African Insurance Organization
      • Supervisory Authority of Insurance and Social Welfare
      • Bureau Central Marocain des Sociétés d'assurances
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Morocco - Corporate Tax Rates for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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