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North Africa Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The Algeria, Libya, Morocco, Tunisia Insurance Report
- Independent 5-year insurance industry forecast for Algeria, Libya, Morocco, Tunisia.
- Original insurance market research and insurance sector trend analysis for Algeria, Libya, Morocco, Tunisia’s insurance industry.
- Competitive intelligence, regional insurance company rankings and SWOT analyses on international and domestic insurance companies in Algeria, Libya, Morocco, Tunisia.
The Algeria, Libya, Morocco, Tunisia Insurance Report has been researched at source and features latest available data for annual insurance premiums and claims; assets and investments; 5-year insurance industry forecasts for Algeria, Libya, Morocco, Tunisia through end-; insurance company rankings and competitive landscapes for local insurers and multinational insurance subsidiaries in Algeria, Libya, Morocco, Tunisia; and analysis of the latest insurance industry developments, trends and regulatory changes in Algeria, Libya, Morocco, Tunisia.
Business Monitor International's Algeria, Libya, Morocco, Tunisia Insurance Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Algerian, Libyan, Moroccan, Tunisian insurance industry.
Coverage
Algeria, Libya, Morocco, Tunisia Insurance Sector At A Glance
Key insights into the insurance market, covering industry trends, key players and the regulatory environment, plus snapshots of life and non-life premium values in local currency and US$.
Evolution of the Algerian, Libyan, Moroccan, Tunisian Insurance Market
Analysis of recent developments in the local insurance market, including data on life and non-life premium values, density and penetration, dating from 1998.
BMI 5-Year Industry Forecasts for Algeria, Libya, Morocco, Tunisia
Analysis of market growth drivers, including 5-year projections (to end-) for premium values. Forecasts section also includes BMI risk ratings on local economy, politics and business environment. Industry indicators covered include:
Number of life and non-life insurance companies; total and per capita Property/Casualty premiums and claims; total and per capita Life/Health premiums and claims; total premium income; total claims/expenses; total operating expenses; total assets and investments; industry density (per capita premiums) and penetration (premiums as a portion of GDP)
BMI 5-Year Macroeconomic Forecast for Algeria, Libya, Morocco, Tunisia
BMI forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.
Insurance Company Rankings in Algeria, Libya, Morocco, Tunisia
Comparative company analyses and rankings by premium income (life and non-life).
Insurance Industry Competitive Landscape in Africa
A cross-border overview of key players and their market share across the region. Tables and graphs show country presence of multinationals throughout the region.
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North Africa Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Chapter - The Sector At A Glance |
| Table: The Algerian Insurance Sector At A Glance |
| Table: The Libyan Insurance Sector At A Glance |
| Table: The Moroccan Insurance Sector At A Glance |
| Table: The Tunisian Insurance Sector At A Glance |
| Key Insights On North Africa's Insurance Sector |
| Table: The North African Markets At A Glance: Estimated Gross Written Premiums, 2008 (US$mn) |
| North Africa Insurance Industry SWOT |
Chapter - Key Features Of This Report |
| Latest News |
| Comment – The Global Financial Crisis |
| Table: Selected European Countries' Estimated Budget And Current Account, 2008 (as % of GDP) |
| Other Recent Developments |
| Table: Insurance Data And Projections For Algeria, 2006-2013 |
| Table: Insurance Data And Projections For Libya, 2006-2013 |
| Table: Insurance Data And Projections For Morocco, 2006-2013 |
| Table: Insurance Data And Projections For Tunisia, 2006-2013 |
| Projections And Drivers Of Growth |
| Table: Algeria – Growth Drivers, 2006-2013 |
| Table: Libya – Growth Drivers, 2006-2013 |
| Table: Morocco – Growth Drivers, 2006-2013 |
| Table: Tunisia – Growth Drivers, 2006-2013 |
Chapter - Country Updates |
| Algeria |
| Macroeconomic Outlook |
| Table: Algeria–Economic Activity |
| Political Outlook |
| Libya |
| Macroeconomic Outlook |
| Table: Libya – Economic Activity |
| Political Outlook |
| Morocco |
| Macroeconomic Outlook |
| Table: Morocco – Economic Activity |
| Political Outlook |
| Tunisia |
| Macroeconomic Outlook |
| Table: Tunisia – Economic Activity |
| Political Outlook |
Chapter - Insurance Business Environment Rating |
| Table: Algeria – Insurance Business Environment Indicators |
| Table: Tunisia – Insurance Business Environment Indicators |
| Table: Middle East And Africa Insurance Business Environment Rankings |
Chapter - Regional Context |
| Table: Non-Life Premiums In A Regional Context, 2008 |
| Table: Life Premiums In A Regional Context, 2008 |
| Table: Comparison Of Major Lines As % Of Non-Life Premiums, 2006 |
Chapter - Analysis Of Competitive Conditions |
| Company Profiles |
| AGF |
| AIG |
| Allianz |
| Fortis |
| Generali |
| Liberty Mutual |
| MAPFRE |
| RSA |
| UNIQA |
| Zurich |
Chapter - Country Snapshots |
| Algeria Demographic Data |
| Section 1: Population |
| Table: Demographic Indicators, 2005-2030 |
| Table: Rural/Urban Breakdown, 2005-2030 |
| Section 2: Education And Healthcare |
| Table: Education Levels, 2002-2025 |
| Table: Healthcare – Vital Statistics, 2005-2030 |
| Section 3: Labour Market And Spending Power |
| Table: Employment Indicators, 2001-2006 |
| Table: Consumer Expenditure, 2000-2012 (US$) |
| Libya Demographic Data |
| Section 1: Population |
| Table: Demographic Indicators, 2005-2030 |
| Table: Rural/Urban Breakdown, 2005-2030 |
| Section 2: Education And Healthcare |
| Table: Education, 2002-2005 |
| Table: Vital Statistics, 2005-2030 |
| Section 3: Labour Market And Spending Power |
| Table: Consumer Expenditure, 2000-2012 (US$) |
| Morocco Demographic Data |
| Section 1: Population |
| Table: Demographic Indicators, 2005-2030 |
| Table: Rural/Urban Breakdown, 2005-2030 |
| Section 2: Education And Healthcare |
| Table: Education, 2002-2005 |
| Table: Vital Statistics, 2005-2030 |
| Section 3: Labour Market And Spending Power |
| Table: Employment Indicators, 2001-2006 |
| Table: Consumer Expenditure, 2000-2012 (US$) |
| Tunisia Demographic Data |
| Section 1: Population |
| Table: Demographic Indicators, 2005-2030 |
| Table: Rural/Urban Breakdown, 2005-2030 |
| Section 2: Education And Healthcare |
| Table: Education, 2002-2005 |
| Table: Vital Statistics, 2005-2030 |
| Section 3: Labour Market And Spending Power |
| Table: Employment Indicators, 2000-2005 |
| Table: Consumer Expenditure, 2000-2012 (US$) |
Chapter - Methodology |
| Basis Of Projections |
| Insurance Business Environment Rating |
| Table: Insurance Business Environment Indicators And Rationale |
| Table: Weighting Of Indicators |
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North Africa Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
The insurance industry in North Africa – Morocco, Algeria, Tunisia and Libya – continues to be challenged by a lack of economies of scale. The table below shows that the four countries collectively generate a little more than US$3,814 in gross written premium, but that Morocco is the largest market by a significant margin.
The global financial crisis is likely to hamper further business development for the time being, but the characteristics of the region that have already driven significant growth in insurance consumption remain in place. The boom in energy prices cited in our last report may have waned, but North African countries continue to expand their participation in global markets on the back of petrodollars, insurance industry environments are becoming increasingly liberal and, particularly in Algeria, Tunisia and Libya, there is much room for growth.
The exception to this last rule is Morocco, Africa’s second largest insurance market, which has consistently achieved double digit percentage growth over recent years but may now see a slowdown in growth. It has also has the most liberal rules on foreign ownership. However, consolidation in the sector, with five major players now dominating the market, which benefits consumers, may turn international insurers away from Morocco.
Two of the five majors are already controlled by French multinationals – AXA and Société Générale. However, the other three, including RMA Watanya – the largest insurance company in North Africa (outside Egypt) is owned by Moroccan interests.
The implementation of the US-Morocco Free Trade Agreement last year has yet to feed through to developments in the insurance market.
In Algeria, the region’s second largest insurance market, industry growth also stands at around 10%. However, it is less liberal than Morocco, as the insurance sector is monopolized by state-owned companies, although there have been recent hints that regulators are prepared to accept foreign players.
Furthermore, on the back of the government’s US$60 billion five-year investment programme, the insurance markets total turnover is expected to pass US$1 billion by 2010.
Tunisia and Libya are slowly starting to open their insurance industries up to commercial interests, after several years of domination by state-owned companies. Tunisia’s formerly state-owned STAR, which dominates that market, is now a listed company, and part owned by French giant Groupama, which has replaced Generali, which owns Maghrebia, as the main foreign group active in the country. The remaining companies are typically owned by Tunisian business/financial interests, mutuals or small and specialised insurers. Life insurance appears to be growing very quickly from an extremely low base.
Libya’s re-emergence on the global stage after several years in the wilderness has had an impact on the insurance sector. The Insurance Supervision and Control Authority started operating at the start of last year. Libya Insurance Co (LIC), of which 40% is now publicly listed, controls 36% of the overall market. However, premium size continues to be tiny for a country with massive natural resources. Its status as one of the top oil and gas producers in Africa should be reflected in the market, but instead penetration rates remain less than 0.5% and insurance density barely reaches US$28. By the same token, Libya has huge untapped potential
|
North Africa Insurance Report |
Was: $1030.00 | |
| Now: $875.00 | ||
| You save: $155.00 (15%) |
Africa |
| Egypt, Nigeria and South Africa |
Asia |
| Australia, China, Hong Kong, India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam |
Caribbean |
| Bahamas, Barbados, Bermuda, Dominican Republic, Jamaica and Trinidad & Tobago |
Europe |
| Bulgaria, Croatia, Czech Republic, Estonia, Germany, Greece, Hungary, Kazakhstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Ukraine and United Kingdom |
Latin America |
| Argentina, Brazil and Mexico |
Middle East |
| Bahrain, Iran, Israel, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, Turkey and United Arab Emirates |
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