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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Moroccan non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Morocco's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Morocco non-life (P&C) market as well as trends by line of business. Axco analysts also report on Morocco's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Morocco's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Morocco, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Morocco, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Morocco with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The Moroccan non-life insurance market is dominated by motor business which according to statistics released by the Federation Marocaine des Societes d'Assurances et de Reassurance (FMSAR), accounted for 49.40% of total written premiums in 2020. Other important classes of business are property, workers' compensation and personal accident/ PMI written by non-life insurers.
According to preliminary indications from FMSAR, the Moroccan non-life market ....
This is a brief extract of information; more updated information may be available in the latest published report.