1. The Insurance Industry in Morocco, Key Trends and
Opportunities to 2016
Report Details:
Published:December 2012
No. of Pages: 115
Price: Single User License – US$1950
Synopsis
The report provides in depth industry analysis, information and insights into the insurance industry
in Morocco, including:
• The Moroccan insurance industry’s growth prospects by insurance segments and sub-segments
• The competitive landscape in the Moroccan insurance industry
• The current trends and drivers of the Moroccan insurance industry
• The challenges facing the Moroccan insurance industry
• The regulatory framework of the Moroccan insurance industry
Summary
The Moroccan insurance industry is one of the largest in the Arab region and the second largest in
Africa. Insurance penetration in Morocco as a percentage of GDP stood at 3.6% in 2011.
Morocco’s insurance industry penetration stood highest in the region in 2011 despite low income
levels and unfavorable demographics. However, the industry grew at a CAGR of 7.7% during the
review period. This growth was driven by favorable government strategies to expand the insurance
industry, such as compulsory insurance provisions including compulsory third-party motor
insurance and the implementation of various favorable insurance provisions including the Contrat
Programme in 2011. Growth was further supported by economic development, the expanding
mortgage market, growth in the travel and tourism industry and the introduction of the
bancassurance channel.
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 2007–2011
review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key segments and sub-segments in the Moroccan insurance
industry, along with forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio,
commissions and expenses, combined ratio, total assets, total investment income and retentions

2. • 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 industry data related to
the Moroccan insurance industry and each segment within it
• Understand the demand-side dynamics, key trends and growth opportunities within the
Moroccan insurance industry
• Assess the competitive dynamics in the Moroccan insurance industry
• Identify the growth opportunities and market dynamics within key segments
• Gain insights into key regulations governing the Moroccan insurance industry and its impact on
companies and the industry''s future
Key Highlights
• The Moroccan insurance industry is one of the largest in the Arab region and the second largest
in Africa.
• Insurance penetration in Morocco as a percentage of GDP stood at 3.6% in 2011.
• Morocco’s insurance industry penetration stood highest in the region in 2011 despite low income
levels and unfavorable demographics.
• However, the industry grew at a CAGR of 7.7% during the review period.
• This growth was driven by favorable government strategies to expand the insurance industry,
such as compulsory insurance provisions including compulsory third-party motor insurance and
the implementation of various favorable insurance provisions including the Contrat Programme in
2011.
• Growth was further supported by economic development, the expanding mortgage market,
growth in the travel and tourism industry and the introduction of the bancassurance channel.
Get your copy of this report @
http://www.reportsnreports.com/reports/210063-the-insurance-industry-in-morocco-key-trends-and-opportunities-
to-2016.html
Major points covered in Table of Contents of this report include
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Moroccan Insurance Industry Overview
3.1 Industry Overview
3.2 Moroccan Insurance Industry Size, 2007–2016
3.3 Key Industry Trends and Drivers
3.4 Challenges
3.5 Regulation

3. 4 Industry Segmentation
4.1 Life Insurance
4.2 Non-Life Insurance
4.2.1 Property insurance category
4.2.2 Motor insurance category
4.2.3 Liability insurance category
4.2.4 Marine, aviation and transit insurance category
4.3 Personal Accident and Health Insurance
4.4 Reinsurance
5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 RMA Wataniya – company overview
5.2.2 AXA Assurance Maroc SA – company overview
5.2.3 CNIA Insurance – company overview
5.2.4 ZURICH Assurances Maroc– company overview
5.2.5 Atlanta-Sanad– company overview
6 Macroeconomic Indicators
6.1 GDP at Constant Prices (US dollar)
6.2 GDP per Capita at Constant Prices (US dollar)
6.3 GDP at Current Prices (US dollar)
6.4 Market Capitalization Trend
6.5 Inflation Rate (%)
6.6 Arable Land
6.7 Exports as a Percentage of GDP
6.8 Imports as a Percentage of GDP
6.9 Healthcare Expenditure (% of GDP)
6.1 Healthcare Expenditure per Capita
6.11 Total Population
6.12 Employed Population
6.13 Annual Disposable Income
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Moroccan Insurance Overall Written Premium by Segment (MAD Billion), 2007–2011
Table 3: Moroccan Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Moroccan Insurance Overall Written Premium by Segment (MAD Billion), 2011–2016

4. Table 5: Moroccan Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Moroccan Insurance Segmentation (% Share), 2007–2016
Table 7: Moroccan Life Insurance Written Premium by Category (MAD Billion), 2007–2011
Table 8: Moroccan Life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 9: Moroccan Life Insurance Written Premium by Category (MAD Billion), 2011–2016
Table 10: Moroccan Life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 11: Moroccan Life Insurance – Paid Claims (MAD Billion), 2007–2011
Table 12: Moroccan Life Insurance – Paid Claims (MAD Billion), 2011–2016
Table 13: Moroccan Life Insurance – Incurred Loss (MAD Billion), 2007–2011
Table 14: Moroccan Life Insurance – Incurred Loss (MAD Billion), 2011–2016
Table 15: Moroccan Life Insurance – Loss Ratio (%), 2007–2011
Table 16: Moroccan Life Insurance – Loss Ratio (%), 2011–2016
Table 17: Moroccan Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Moroccan Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Moroccan Life Insurance – Total Assets (MAD Billion), 2007–2011
Table 20: Moroccan Life Insurance – Total Assets (MAD Billion), 2011–2016
Table 21: Moroccan Life Insurance – Total Investment Income (MAD Billion), 2007–2011
Table 22: Moroccan Life Insurance – Total Investment Income (MAD Billion), 2011–2016
Table 23: Moroccan Life Insurance – Retentions (MAD Billion), 2007–2011
Table 24: Moroccan Life Insurance – Retentions (MAD Billion), 2011–2016
Table 25: Moroccan Non-life Insurance Written Premium by Category (MAD Billion), 2007–2011
Table 26: Moroccan Non-life Insurance Written Premium by Category (US$ Billion), 2007–2011
Table 27: Moroccan Non-life Insurance Written Premium by Category (MAD Billion), 2011–2016
Table 28: Moroccan Non-life Insurance Written Premium by Category (US$ Billion), 2011–2016
Table 29: Moroccan Non-life Insurance Segment – Paid Claim (MAD Billion), 2007–2011
Table 30: Moroccan Non-life Insurance Segment – Paid Claim (MAD Billion), 2011–2016
Table 31: Moroccan Non-life Insurance Segment – Incurred Loss (MAD Billion), 2007–2011
Table 32: Moroccan Non-life Insurance Segment – Incurred Loss (MAD Billion), 2011–2016
Table 33: Moroccan Non-life Insurance Segment – Loss Ratio (%), 2007–2011
Table 34: Moroccan Non-life Insurance Segment– Loss Ratio (%), 2011–2016
Table 35: Moroccan Non-life Insurance Segment– Combined Ratio (%), 2007–2011
Table 36: Moroccan Non-life Insurance Segment – Combined Ratio (%), 2011–2016
Table 37: Moroccan Non-life Insurance Segment – Total Assets (MAD Billion), 2007–2011
Table 38: Moroccan Non-life Insurance Segment – Total Assets (MAD Billion), 2011–2016
Table 39: Moroccan Non-life Insurance Segment – Total Investment Income (MAD Billion),
2007–2011
Table 40: Moroccan Non-life Insurance Segment – Total Investment Income (MAD Billion),
2011–2016
Table 41: Moroccan Non-life Insurance Segment – Retentions (MAD Billion), 2007–2011
Table 42: Moroccan Non-life Insurance Segment – Retentions (MAD Billion), 2011–2016
Table 43: Moroccan Property Insurance Category– Written Premium (MAD Billion), 2007–2011
Table 44: Moroccan Property Insurance Category– Written Premium (MAD Billion), 2011–2016

5. Table 45: Moroccan Motor Insurance Category – Written Premium (MAD Billion), 2007–2011
Table 46: Moroccan Motor Insurance Category – Written Premium (MAD Billion), 2011–2016
Table 47: Moroccan Liability Insurance Category – Written Premium (MAD Billion), 2007–2011
Table 48: Moroccan Liability Insurance Category – Written Premium (MAD Billion), 2011–2016
Table 49: Moroccan Marine, Aviation and Transit Insurance Category – Written Premium (MAD
Billion), 2007–2011
Table 50: Moroccan Marine, Aviation and Transit Insurance Category – Written Premium (MAD
Billion), 2011–2016
Table 51: Moroccan Personal Accidental and Health Insurance Segment – Paid Claim (MAD
Billion), 2007–2011
Table 52: Moroccan Personal Accidental and Health Insurance Segment – Paid Claim (MAD
Billion), 2011–2016
Table 53: Moroccan Personal Accidental and Health Insurance Segment – Incurred Loss (MAD
Billion), 2007–2011
Table 54: Moroccan Personal Accidental and Health Insurance Segment – Incurred Loss (MAD
Billion), 2011–2016
Table 55: Moroccan Personal Accidental and Health Insurance Segment – Loss Ratio (%),
2007–2011
Table 56: Moroccan Personal Accidental and Health Insurance Segment – Loss Ratio (%),
2011–2016
Table 57: Moroccan Personal Accidental and Health Insurance Segment – Combined Ratio (%),
2007–2011
Table 58: Moroccan Personal Accidental and Health Insurance Segment – Combined Ratio (%),
2011–2016
Table 59: Moroccan Personal Accidental and Health Insurance Segment – Total Assets (MAD
Billion), 2007–2011
Table 60: Moroccan Personal Accidental and Health Insurance Segment – Total Assets (MAD
Billion), 2011–2016
Table 61: Moroccan Personal Accidental and Health Insurance Segment – Total Investment
Income (MAD Billion), 2007–2011
Table 62: Moroccan Personal Accidental and Health Insurance Segment – Total Investment
Income (MAD Billion), 2011–2016
Table 63: Moroccan Personal Accidental and Health Insurance Segment – Retentions (MAD
Billion), 2007–2011
Table 64: Moroccan Personal Accidental and Health Insurance Segment – Retentions (MAD
Billion), 2011–2016
Table 65: Moroccan Reinsurance Market (MAD Billion), 2007–2011
Table 66: Moroccan Reinsurance Market (MAD Billion), 2011–2016
Table 67: Moroccan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 68: Moroccan Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016
Table 69: Moroccan Non-life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 70: Moroccan Non-life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016

6. Table 71: Moroccan Personal Accident and Health Insurance Segment– Percentage of
Reinsurance Ceded (%), 2007–2011
Table 72: Moroccan Personal Accident and Health Insurance Segment – Percentage of
Reinsurance Ceded (%), 2011–2016
Table 73: Morocco Insurance Industry Share, 2011
Table 74: RMA Wataniya, Main Products
Table 75: RMA Wataniya, Key Employees
Table 76: AXA Assurance Maroc SA, Main Products
Table 77: AXA Assurance Maroc SA, Key Employees
Table 78: CNIA Insurance, Main Products
Table 79: CNIA Insurance, Key Employees
Table 80: ZURICH Assurances Maroc, Main Products
Table 81: Atlanta-Sanad, Main Products
List of Figures
Figure 1: Moroccan Insurance Overall Written Premium by Segment (MAD Billion), 2007–2016
Figure 2: Moroccan Insurance Industry Dynamics by Segment, 2007–2016
Figure 3: Moroccan Life Insurance Written Premium by Category (MAD Billion), 2007–2016
Figure 4: Moroccan Life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 5: Life Insurance Category Industry by Sub-Category, 2007–2016
Figure 6: Moroccan Life Insurance – Paid Claims (MAD Billion), 2007–2011
Figure 7: Moroccan Life Insurance – Paid Claims (MAD Billion), 2011–2016
Figure 8: Moroccan Life Insurance – Incurred Loss (MAD Billion), 2007–2011
Figure 9: Moroccan Life Insurance – Incurred Loss (MAD Billion), 2011–2016
Figure 10: Moroccan Life Insurance – Loss Ratio (%), 2007–2011
Figure 11: Moroccan Life Insurance – Loss Ratio (%), 2011–2016
Figure 12: Moroccan Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Moroccan Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Moroccan Life Insurance – Total Assets (MAD Billion), 2007–2011
Figure 15: Moroccan Life Insurance – Total Assets (MAD Billion), 2011–2016
Figure 16: Moroccan Life Insurance – Total Investment Income (MAD Billion), 2007–2011
Figure 17: Moroccan Life Insurance – Total Investment Income (MAD Billion), 2011–2016
Figure 18: Moroccan Life Insurance – Retentions (MAD Billion), 2007–2011
Figure 19: Moroccan Life Insurance – Retentions (MAD Billion), 2011–2016
Figure 20: Moroccan Life Insurance Penetration (% of GDP), 2007–2011
Figure 21: Moroccan Life Insurance – Premium Per-capita (MAD), 2007–2011
Figure 22: Moroccan Non-life Insurance Written Premium by Category (MAD Billion), 2007–2016
Figure 23: Moroccan Non-life Insurance Written Premium by Category (% Share), 2011 and 2016
Figure 24: Moroccan Non-life Insurance Category Dynamics by Category, 2007–2016
Figure 25: Moroccan Non-life Insurance Segment – Paid Claims by Category (MAD Billion),
2007–2011
Figure 26: Moroccan Non-life Insurance Segment– Paid Claims (MAD Billion), 2011–2016

7. Figure 27: Moroccan Non-life Insurance Segment– Incurred Loss (MAD Billion), 2007–2011
Figure 28: Moroccan Non-life Insurance Segment– Incurred Loss by Category (MAD Billion),
2007–2016
Figure 29: Moroccan Non-life Insurance Segment – Loss Ratio (%), 2007–2011
Figure 30: Moroccan Non-life Insurance Segment– Loss Ratio (%), 2011–2016
Figure 31: Moroccan Non-life Insurance Segment – Combined Ratio (%), 2007–2011
Figure 32: Moroccan Non-life Insurance Segment – Combined Ratio (%), 2011–2016
Figure 33: Moroccan Non-life Insurance Segment – Total Assets (MAD Billion), 2007–2011
Figure 34: Moroccan Non-life Insurance Segment – Total Assets (MAD Billion), 2011–2016
Figure 35: Moroccan Non-life Insurance Segment – Total Investment Income (MAD Billion),
2007–2011
Figure 36: Moroccan Non-life Insurance Segment – Total Investment Income (MAD Billion),
2011–2016
Figure 37: Moroccan Non-life Insurance Segment – Retentions (MAD Billion), 2007–2011
Figure 38: Moroccan Non-life Insurance Segment – Retentions (US$ Billion), 2011–2016
Figure 39: Moroccan Non-life Insurance Segment – Premium Per Capita (MAD), 2007–2011
Figure 40: Moroccan Property Insurance Category – Written Premium (MAD Billion), 2007–2011
Figure 41: Moroccan Property Insurance Category – Written Premium (MAD Billion), 2011–2016
Figure 42: Moroccan Motor Insurance Category – Written Premium (MAD Billion), 2007–2011
Figure 43: Moroccan Motor Insurance Category – Written Premium (MAD Billion), 2011–2016
Figure 44: Moroccan Liability Insurance Category – Written Premium (MAD Billion), 2007–2011
Figure 45: Moroccan Liability Insurance Category – Written Premium (MAD Billion), 2011–2016
Figure 46: Moroccan Marine, Aviation and Transit Insurance Category – Written Premium (MAD
Billion), 2007–2011
Figure 47: Moroccan Marine, Aviation and Transit Insurance Category – Written Premium (MAD
Billion), 2011–2016
Figure 48: Moroccan Personal Accidental and Health Insurance Segment – Paid Claims by
Category (MAD Billion), 2007–2011
Figure 49: Moroccan Personal Accidental and Health Insurance Segment – Paid Claims (MAD
Billion), 2011–2016
Figure 50: Moroccan Personal Accidental and Health Insurance Segment – Incurred Loss (MAD
Billion), 2007–2011
Figure 51: Moroccan Personal Accidental and Health Insurance Segment – Incurred Loss by
Category (MAD Billion), 2007–2016
Figure 52: Moroccan Personal Accidental and Health Insurance Segment – Loss Ratio (%),
2007–2011
Figure 53: Moroccan Personal Accidental and Health Insurance Segment – Loss Ratio (%),
2011–2016
Figure 54: Moroccan Personal Accidental and Health Insurance Segment – Combined Ratio (%),
2007–2011
Figure 55: Moroccan Personal Accidental and Health Insurance Segment – Combined Ratio (%),
2011–2016

8. Figure 56: Moroccan Personal Accidental and Health Insurance Segment – Total Assets (MAD
Billion), 2007–2011
Figure 57: Moroccan Personal Accidental and Health Insurance Segment – Total Assets (MAD
Billion), 2011–2016
Figure 58: Moroccan Personal Accidental and Health Insurance Segment – Total Investment
Income (MAD Billion), 2007–2011
Figure 59: Moroccan Personal Accidental and Health Insurance Segment – Total Investment
Income (MAD Billion), 2011–2016
Figure 60: Moroccan Personal Accidental and Health Insurance Segment – Retentions (MAD
Billion), 2007–2011
Figure 61: Moroccan Personal Accidental and Health Insurance Segment – Retentions (US$
Billion), 2011–2016
Figure 62: Moroccan Personal Accidental and Health Insurance Segment Penetration (% of GDP),
2007–2011
Figure 63: Moroccan Personal Accidental and Health Insurance Segment – Premium Per Capita
(MAD), 2007–2011
Figure 64: Moroccan Reinsurance Market (MAD Billion), 2007–2011
Figure 65: Moroccan Reinsurance Market (MAD Billion), 2011–2016
Figure 66: Moroccan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 67: Moroccan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 68: Moroccan Non-life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 69: Moroccan Non-life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 70: Moroccan Personal Accident and Health Insurance Segment – Percentage of
Reinsurance Ceded (%), 2007–2011
Figure 71: Moroccan Personal Accident and Health Insurance Segment – Percentage of
Reinsurance Ceded (%), 2011–2016
Figure 72: Morocco Insurance Industry Share 2011
Figure 73: Moroccan GDP at Constant Prices (US$ Billion), 2007–2011
Figure 74: Moroccan GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 75: Moroccan GDP at Current Prices (US$ Billion), 2007–2011
Figure 76: Moroccan Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 77: Moroccan Inflation Rate (%), 2007–2011
Figure 78: Moroccan Arable Land (Million hectares), 2007–2011
Figure 79: Moroccan Exports as a Percentage of GDP (%), 2007–2011
Figure 80: Moroccan Imports as a Percentage of GDP (%), 2007–2011
Figure 81: Moroccan Healthcare Expenditure Per Capita (US$), 2007–2011
Figure 82: Moroccan Healthcare Expenditure Per Capita (US$), 2007–2011
Figure 83: Moroccan Total Population (Million), 2007–2011
Figure 84: Moroccan Employed Population (%), 2007–2011
Figure 85: Moroccan Annual Disposable Income (US$ Billion), 2007–2011
Contact: sales@reportsandreports.com for more information.