The potential of life insurance remains quite substantial
According to Nacer Aberhouche, general manager of TALA, a life subsidiary of CAAT, the market of life, health, pension insurance is in the prime of its potential. For N. Aberhouche, insurable population amounts to nearly 15 million individuals, which represents a premium volume of 5 billion USD.
These predictions are based on the improvement of the living standard of the population and ensuing demand increase. This trend shall be supported by a diversification of product supplies.
Other pillars of growth, along with the life business, include private health and pension insurance which are poised to undergo a quick development. Bancassurance agreements and widening distribution networks will equally contribute to the expansion of the life insurance market.
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