The Insurance Industry in Morocco, Key Trends and Opportunities to 2019
Description-
Synopsis
Timetrics
'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 (20102014)
and forecast period (20142019).
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.
To
Browse a Report Detail with TOC @
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The
report brings together Timetrics 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
Timetrics
'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 reports 20102014 review period, and projected figures for the
20142019 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
contractors all risk, architect and engineers 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.
Table
of Contents
1
Key Facts and Highlights
2
Executive Summary
3
Economy and Demographics
4
Moroccan Insurance Industry Overview
4.1
The Moroccan Insurance Industry
5
Life Insurance
6
Non-Life Insurance
6.1
Property Insurance
6.2
Motor Insurance
6.3
Liability Insurance
6.4
Marine, Aviation and Transit Insurance
7
Personal Accident and Health Insurance
7.1
Personal Accident Insurance
7.2
Health Insurance
8
Reinsurance
9
Natural and Man-made Hazards
9.1
Droughts
9.2
Floods
9.3
Earthquake
9.4
Exposure
10
Distribution Channel Outlook
11
Competitive Landscape
11.1
Overview
11.2
Leading Companies
11.2.1
RMA Watanya company overview
11.2.2
Axa Assurance Maroc SA company overview
11.2.3
Saham Assurance SA company overview
11.2.4
Wafa Assurance SA company overview
11.2.5
Sanad SA company overview
11.2.6
Zurich Assurances Maroc company overview
11.2.7
Atlanta Assurance company overview
12
Governance, Risk and Compliance
12.1
Legislation Overview and Historical Evolution
12.2
Latest Changes in Regulations
12.3
Legislation and Market Practice by Type of Insurance
12.3.1
Life insurance
12.3.2
Property insurance
12.3.3
Motor insurance
12.3.4
Liability insurance
12.3.5
Marine, aviation and transit insurance regulations
12.3.6
Personal accident and health insurance regulations
12.4
Compulsory Insurance
12.4.1
Motor third-party liability insurance
12.4.2
Workmens compensation insurance
12.5
Supervision and Control
12.5.1
International Association of Insurance Supervisors
12.5.2
African Insurance Organization
12.5.3
Supervisory Authority of Insurance and Social Welfare
12.5.4
Bureau Central Marocain des Socits d'assurances
12.6
Non-Admitted Insurance Regulations
12.6.1
Overview
12.6.2
Intermediaries
12.6.3
Market practices
12.6.4
Fines and penalties
12.7
Company Registration and Operations
12.7.1
Types of insurance organization
12.7.2
Establishing a local company
12.7.3
Foreign ownership
12.7.4
Types of license
12.7.5
Capital requirements
12.7.6
Solvency margins
12.7.7
Reserve requirements
12.7.8
Investment regulations
12.7.9
Statutory return requirements
12.7.10
Fee structure
12.8
Taxation
12.8.1
Insurance premium or policy taxation
12.8.2
Withholding taxes on premium paid overseas
12.8.3
Corporate tax
12.8.4
VAT
12.8.5
Captives
12.9
Legal System
12.9.1
Introduction
12.9.2
Access to court
12.9.3
Alternative dispute resolution (ADR)
13
Definitions and Methodology
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