The latest Financial Stability Report (FSR), published by the three financial market regulators - the Insurance and Social Welfare Supervisory Authority, Bank Al-Maghrib and the Moroccan Capital Market Authority - has again sounded the alarm and called for the acceleration of pension reform in Morocco.
Insurance companies in Morocco generated a net profit of MAD4.2bn ($428m) in 2023, 6.2% higher than in 2022, states the central bank, Bank Al-Maghrib (BAM), in its annual financial stability report released recently.
The Insurance and Social Security Supervisory Authority (ACAPS) has postponed its decision on the refund of premiums paid for travel insurance when applications for visas are rejected by European authorities.
The House of Representatives has during a plenary session unanimously adopted a Bill to amend the Insurance Code.
Barid Cash and Amicale des Agents AtlantaSanad have formed a partnership aimed at marketing Barid Cash's services by the general agents of the insurance company AtlantaSanad.
The Ministry of Transport and Logistics is studying a review of the legal framework for motorcycle insurance, in light of the growth of delivery services especially in major cities.
The Moroccan crop landscape may benefit from a more tailor-made approach, supporting food production, social resilience, and the economic sustainability of crop re/insurance, according to a blog posted on Swiss Re's website.
The National Federation of Consumer Associations (FNAC) has locked horns with insurers over travel insurance for Europe which is compulsory when applying for a Schengen visa.
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.