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"North Africa Insurance Report 2014" Published


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2013-12-14 09:20:16 - New Financial Services market report from Business Monitor International: "North Africa Insurance Report 2014"

The limited data that is available suggests that premiums are surging - or, more correctly, recovering from a low base in Libya. The overwhelmingly non-life market of Algeria has also achieved good growth through 2013. However, our overall view of insurance in the region is unchanged from previous years: North Africa remains a backwater. Sadly, this will likely be the case at the end of the forecast period.

To differing degrees, the markets of Morocco, Tunisia and Algeria are small, slowly growing, significantly constrained by the low levels of income for many households and dominated by sub-scale local insurers. Foreign companies are present but, except in Morocco, account for a fairly low percentage of activity. Life insurance, in particular, is underdeveloped.

Major shareholders are often state-owned enterprises or conglomerates that have no clear competitive advantage in insurance.

Some or all of these problems apply in most of the insurance sectors of the MENA region that are profiled by BMI. Worryingly, though, non-life penetration and life density in the four North African countries remain low and/or have not been growing for some years. A comparison of Algeria, Tunisia and - to a certain extent - Morocco on one hand with Jordan and Lebanon on the other is stark. The latter two countries do not have substantial energy wealth and have long faced political challenges as daunting as those confronting the three North African countries. Over recent years, though, there has clearly been rapid development of insurance thanks to imaginative collaboration between the regulators and the trade associations in Lebanon and Jordan. Lobbying for new compulsory insurance products is under way, new products are being developed, takaful operators are seeing growth, and sensible measures are being taken to reduce claims costs. This is not the case in Algeria, Tunisia, Morocco (or, although it is outside the scope of this report, Egypt).

Full Report Details at
- www.fastmr.com/prod/752047_north_africa_insurance_report_2014.as ..

Because of its higher non-life penetration and the substantial participation in its life segment by foreign multi-nationals - who bring global best practice and access to capital - Morocco is a partial exception to this grim assessment. Wafa Assurance, one of the leading composite insurers in that country and a part of the Attijariwafa Bank group, is, like its parent, looking for growth opportunities in other countries, including Cote d'Ivoire and Tunisia.

Partial Table of Contents:

BMI Industry View
- Table: Algeria - Total Premiums 2010-2017
- Table: Libya - Total Premiums 2010-2017
- Table: Morocco - Total Premiums 2010-2017
- Table: Tunisia - Total Premiums 2010-2017
SWOT
Industry Forecast
- Life
- Table: Algeria - Total Life Premiums 2010-2017
- Table: Libya - Total Life Premiums 2010-2017
- Table: Morocco - Total Life Premiums 2010-2017
- Table: Tunisia - Total Life Premiums 2010-2017
- Non Life
- Table: Algeria - Total Non-Life Premiums 2010-2017
- Table: Libya - Total Non-Life Premiums 2010-2017
- Table: Morocco - Total Non-Life Premiums 2010-2017
- Table: Tunisia - Total Non-Life Premiums 2010-2017
IndustryRisk Reward Ratings
- MENA Insurance Risk/Reward Ratings 2014
- Table: MENA Insurance Risk/Reward Ratings
- Industry Risk Reward Ratings
- Table: Insurance Risk Reward Rating - Algeria
- Table: Insurance Risk Reward Rating - Libya
- Table: Insurance Risk Reward Rating - Morocco
- Table: Insurance Risk Reward Rating - Tunisia
Market Overview
- Life Sector Update
- Non Life Sector Update
Industry Trends And Developments
- Life Growth Drivers and Risk Management Projections
- Table: Algeria Insurance Key Drivers, Demographics 2010-2017
- Table: Morocco Insurance Key Drivers, Demographics 2010-2017
- Table: Tunisia Insurance Key Drivers, Demographics 2010-2017
- Table: Libya Insurance Key Drivers, Demographics 2010-2017
- Non Life Growth Drivers and Risk Management Projections
- Algeria - Macroeconomic Forecast
- Table: Algeria - Economic Activity
- Political Outlook
- Healthcare Sector
- Healthcare Insurance
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Autos
- Table: Insurance Key Drivers, Autos 2010-2017
- Morocco - Macroeconomic Forecast
- Table: Morocco - Economic Activity
- Political Outlook
- Healthcare Sector
- Healthcare Financing
- Healthcare Reform
- Health Insurance
- Epidemiology
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Autos
- Table: Insurance Key Drivers, Autos 2010-2017
- Tunisia - Macroeconomic Forecast
- Table: Tunisia - Economic Activity
- Political Outlook
- Table: Insurance Key Drivers, Disease Adjusted Life Years 2010-2017
- Autos
- Libya - Macroeconomic Forecast
- Table: Libya - Economic Activity
- Political Outlook
- Table: Middle East And Africa Regional Security Ratings
- Table: Insurance Key Drivers, Demographics 2010-2017
- Autos
Competitive Landscape
- Competitive Landscape - Middle East and North Africa Q4 2013
Company Profile
- Arig
- AXA Group
- Islamic Arab Insurance Company (Salama)
- Nest Investments (Holdings) Group/Trust International companies
- Zurich Insurance Group
Regional Overview
- Middle East and Africa Overview Life Sector Overview
- Table: Life Premiums (US$mn) 2010-2017
- Middle East and Africa Overview Non Life Sector Overview
- Table: Non-Life Premiums (US$mn) 2010-2017
Demographic Forecast
- Algeria Demographic Outlook
- Table: Algeria's Population By Age Group, 1990-2020 ('000)

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=752047&dt=t

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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