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Morocco tag returned 163 results

  • Morocco: Reinsurance business outpaces direct insurance in 1H

    The premium income of insurance companies in the first half of 2020 increased by 4.6% to MAD27.3bn ($2.9bn), compared to the corresponding period last year, according to a report published in mid-October by the Insurance and Social Security Supervisory Authority (ACAPS).

    Middle East | 27 Oct 2020
  • Morocco: Post-COVID-19 stimulus package to boost economy

    Morocco has adopted a stimulus plan focused on three axes seeking to set up universal health coverage for all citizens, a better pension plan and an enhanced family allowance system, aimed at helping its economy recover from the COVID-19 crisis, said minister of economy and finance Mohamed Benchaâboun during a recent virtual conference held as part of the annual meetings of the IMF and the World Bank.

    Middle East | 20 Oct 2020
  • Morocco: Reinsurer announces action plan for 2021-23

    Morocco's leading reinsurer, Societe Centrale de Reassurance (SCR or Central Reinsurance Co), has drawn up an action plan for 2021-2023, called "Transform Tomorrow Together".

    Middle East | 14 Oct 2020
  • Morocco: Insurance market weakens in August

    Premiums issued by insurance and reinsurance companies in Morocco totalled MAD2.47bn ($269m) in August, down 17% compared to a year earlier, according to data from the Insurance and Social Insurance Supervisory Authority (ACAPS).

    Middle East | 13 Oct 2020
  • Morocco: Atlanta's takeover of Sanad reaches completion

    The Insurance and Social Insurance Supervisory Authority (ACAPS) has withdrawn the licence of the insurance and reinsurance company Sanad following the completion of the transfer of the company's shares to another insurer, Atlanta Assurances.

    Middle East | 05 Oct 2020
  • Morocco: New credit insurance broker sets ambitious business goal

    A new entity specialising in credit insurance aims to capture a market share of around 40% in credit insurance broking business next year.

    Middle East | 17 Sep 2020
  • Morocco: Broker enters specialised credit insurance sector

    The PREVAS Group, which is among the top 10 insurance brokers in Morocco, has launched PREVAS ACC, a new entity specialising in credit insurance, in order to offer Moroccan companies and the credit insurance market in Morocco a single point of contact and expertise in protection against the commercial risks of default and insolvency.

    Middle East | 10 Sep 2020
  • Morocco: Private schools urged to comply with insurance requirements for students

    The Ministry of National Education has sent a note to the owners and directors of private schools in Morocco, stressing that the schools are required to insure all of their students against the risks of school accidents inside the establishments or during the time when the students are under the effective supervision of the personnel.

    Africa | 07 Sep 2020
  • Egypt: Moroccan insurer receives life insurance licence

    One of Morocco's largest insurers Wafa Assurance has obtained a licence from the Financial Regulatory Authority (FRA) to launch its new life and health insurance unit in Egypt.

    Middle East | 07 Sep 2020
  • Morocco: Insurers postpone implementation of proposed change to deductibles in motor insurance

    Several insurers have postponed the start of a change to the terms of comprehensive motor insurance concerning deductibles. The proposed change is aimed largely at rental vehicles and luxury cars.

    Middle East | 02 Sep 2020