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Industry Watch

CONSOLIDATION
IN THE INSURANCE SECTOR UNDERWAY

(Financier Othman Benjelloun seeks major role
in insurance sector)


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The insurance sector in Morocco is undergoing major restructuring. With further consolidation ahead, small insurance companies are feeling intense competitive pressure. The only remaining, realistic option for them is acquisition.

If restructuring in the industrial sector is long overdue, changes in the financial sector are well underway. Led by a series of mergers and acquisitions in the insurance sector, the goal of each group is to dominate a maximum share of the market and for this purpose, size matters.

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AUGUST- SEPTEMBER 1999


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