The Insurance and Social Security Supervisory Authority (ACAPS) has carried out a third series of tests for Pillar One of its proposed Risk-Based Capital (RBC) system and the model is now stabilised, according to its president, Mr Abderrahim Chaffai.
Insurance intermediaries are asking the authorities to postpone until 2029 turning the Compulsory Health Insurance scheme (AMO) into a universal programme across the country.
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.
The Insurance and Social Security Supervisory Authority (ACAPS) is launching numerous projects to respond to the profound changes that the sector is experiencing, according to its president, Mr Abderrahim Chaffai.
Online insurance sales constitute a lever for sustainable growth for the insurance industry, Insurance and Social Security Supervisory Authority director of policyholder protection Younes Lammat, has said.
Premiums issued by insurance and reinsurance companies in Morocco reached MAD17.24bn ($1.73bn) in the first quarter of 2024, an increase of 1.8% compared to the corresponding quarter of the previous financial year, according to the Insurance and Social Security Supervisory Authority (ACAPS).
The Insurance and Social Security Supervisory Authority (ACAPS) has published its third three-year strategic plan.
The Insurance and Social Security Supervisory Authority (ACAPS) has signed an agreement with CDG Invest, the investment arm of the CDG Group, to boost the InsurTech ecosystem in Morocco.
Around 45,000 work accidents occur each year in Morocco, causing nearly 2,000 deaths, according to the national trade union, the Democratic Confederation of Labour (ODT).
Wafa Assurance, a leading insurance company in Morocco, has received approval to operate a life insurance subsidiary in Gabon, in a strategic move to expand its footprint in Africa.