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May 2024

Morocco: Insurance regulator signs cooperation pact with competition agency

Source: Middle East Insurance Review | Nov 2021

The Insurance and Social Insurance Supervisory Authority (ACAPS) and the Competition Council have signed a cooperation agreement to establish a framework for consultation over the issues of regulation related to competition in the insurance sector.
 
The goal is to ensure the effectiveness and sustainability of their joint actions, for good governance per the legal framework governing the two agencies.
 
The cooperation involves the exchange of information and expertise between the two institutions on subjects of common interest. The two parties will work to raise awareness and support actions for operators in the insurance sector to promote compliance with the best standards and competitive practices. M 
 
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