Morocco: Insurers warn of business impact from mandatory social health insurance decision
Source: Middle East Insurance Review | Aug 2024
The insurance industry has voiced serious concerns over the government’s move to implement the universal implementation of the Compulsory Health Insurance scheme (AMO), which is a social security programme.
Insurers are worried because the government requires them to transfer privately held health insurance policies to the AMO, which is managed by the National Social Security Fund, according to local media reports.
The insurance sector would experience disruption because of the shift of health insurance policies to the AMO, said National Federation of Agents and Brokers of Morocco (FNACAM) president Farid Bensaid.
He said that estimates are that certain insurance intermediaries could lose up to 30% of their turnover following this shift. M