The Finance Law 2027 (PLF2027), approved by the Council of Ministers, proposes the establishment of a new independent authority for insurance regulation in Algeria, to be called the Insurance Regulatory and Supervisory Authority.
Motor insurance premium rates will change on two fronts, according to Mr Mohamed Hassan Bensalah, president of the Moroccan Insurance Federation (FMA).
The Insurance and Private Pension Regulation and Supervision Authority (SEDDK) is carrying out data-driven audits to detect discrepancies between the declared number of branches and the actual transaction locations, as well as unregistered commission distribution.