New Laws Seen Boosting Maghreb Insurance Sector – Zawya
Zawya (August 11, 2014) — […] “Personal lines are likely to develop faster in Morocco, supported by a developed bancassurance market and a supportive sector transformation program supported by the state.”
Morocco has been identified as a key growth area among emerging markets by Ernst & Young. Rising population and high growth in vehicle ownership makes the North African state an attractive opportunity for insurance companies.
Government-sponsored insurance companies in Morocco are being replaced by private enterprises, but Algerian state entities continue to keep a tight grip on the market.
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