Algeria & Morocco Insurance Report Q4 2016

Publisher Name :
Date: 07-Sep-2016
No. of pages: 70

BMI View: We retain the view that the Moroccan and Algerian markets are both set to see solid premium

growth in their insurance industries over the course of our forecast period out to 2020. Key drivers

underpinning growth will be the strengthening of the countries' broader economic prospects, as this will

lead to improved employment rates and a significant growth in disposable household income levels,

resulting in increased affordability of insurance solutions. The expansion of bancassurance distribution

channels and new product development, such as takaful and microinsurance in particular, will enable

insurers to reach the countries' growing customer pools.

Key Updates And Forecasts

? The Algerian insurance industry is set to grow by 6.6% in local currency terms with premiums reaching

DZD125.3bn. Due to ongoing currency fluctuations; this will result in a US dollar contraction of 2.3%

with premiums reaching around USD1.1bn.

? The Moroccan insurance industry is displaying promising growth prospects and we hold a robustly

bullish view going forward. We are of the opinion that the Moroccan insurance industry will grow by

5.8% in local currency terms with premiums reaching MAD31.8bn, translating into US dollar

denominated growth of 4.4% with gross underwritten premiums reaching USD3.2bn

Algeria & Morocco Insurance Report Q4 2016

Table of Contents

BMI Industry View 7
Table: Headline Insurance Forecasts (Algeria 2013-2020) 7
Table: Headline Insurance Forecasts (Morocco 2013-2020) 7
SWOT 9
Algeria Insurance SWOT 9
Morocco Insurance SWOT 11
Algeria Industry Forecast 12
Life Premiums Forecast 12
Table: Life Premiums (Algeria 2013-2020) 15
Table: Life Insurance Claims (Algeria 2008-2014) 16
Non-Life Premiums Forecast 17
Table: Non-Life Premiums (Algeria 2013-2020) 20
Table: Non-Life Insurance Claims (Algeria 2009-2014) 22
Non-Life Sub-Sector Forecast 23
Table: Non-Life Insurance Premiums by Product Line (Algeria 2013-2020) 32
Morocco Industry Forecast 33
Life Premiums Forecast 33
Table: Life Premiums (Morocco 2013-2020) 36
Table: Life Insurance Claims (Morocco 2008-2014) 37
Non-Life Premiums Forecast 37
Table: Non-Life Premiums (Morocco 2013-2020) 40
Table: Non-Life Insurance Claims (Morocco 2009-2014) 40
Non-Life Sub-Sector Forecast 41
Table: Non-Life Insurance Premiums by Product Line (Morocco 2013-2020) 50
Insurance Risk/Reward Index 51
MENA Insurance Risk/Reward Index 51
Table: MENA Insurance Risk/Reward Index - Q416 52
Market Overview 53
Algeria Market Overview 53
The Product Offering 53
The Competitive Landscape 54
Morocco Market Overview 56
The Product Offering 56
The Competitive Landscape 57
Table: Life Insurance Market, 2008-2014 (USDmn) 58
Table: Non-Life Insurance Market, 2008-2014 59
Company Profile 61
Wafa Assurance 61
Methodology 64
Industry Forecast Methodology 64
Risk/Reward Index Methodology 67
Table: Indicators 69
Table: Weighting of Indicators 70

List of Tables

Table: Headline Insurance Forecasts (Algeria 2013-2020)
Table: Headline Insurance Forecasts (Morocco 2013-2020)
Table: Life Premiums (Algeria 2013-2020)
Table: Life Insurance Claims (Algeria 2008-2014)
Table: Non-Life Premiums (Algeria 2013-2020)
Table: Non-Life Insurance Claims (Algeria 2009-2014)
Table: Non-Life Insurance Premiums by Product Line (Algeria 2013-2020)
Table: Life Premiums (Morocco 2013-2020)
Table: Life Insurance Claims (Morocco 2008-2014)
Table: Non-Life Premiums (Morocco 2013-2020)
Table: Non-Life Insurance Claims (Morocco 2009-2014)
Table: Non-Life Insurance Premiums by Product Line (Morocco 2013-2020)
Table: MENA Insurance Risk/Reward Index - Q416
Table: Life Insurance Market, 2008-2014 (USDmn)
Table: Non-Life Insurance Market, 2008-2014
Table: Indicators
Table: Weighting of Indicators
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