The Minister of Economy and Finance, Ms Nadia Fettah, has announced the insurance industry was developing an insurance offering against cyber risks.
The Moroccan Insurance Federation (FMA) has revealed several initiatives it is working on to improve efficiency and modernise the industry.
The Insurance and Social Security Supervisory Authority (ACAPS) and the Moroccan Insurance Federation (FMA) have signed a charter relating to gender integration in the design and marketing of insurance products.
Casablanca-headquartered Société Centrale de Réassurance (SCR) has adopted a new name - Atlantic Re - as part of a strategic transformation driven by a clear ambition to consolidate leadership at home while accelerating regional expansion.
Businesses have ranked political risks and violence as a top 10 global risk for the past three years, according to the "Allianz Risk Barometer 2025" demonstrating that it has become a key concern for companies of all sizes. According to a new report from Allianz Commercial, civil unrest ranks as the biggest concern for more than 50% of company respondents globally, reflecting the fact that incidents are increasing and lasting for longer.
The Insurance and Social Security Supervisory Authority (ACAPS) has set out new procedures for handling claims related to death insurance contracts in a move to strengthen transparency and beneficiary protection.
Wafa Assurance has maintained its leadership of the Moroccan insurance market in 2024 with a market share of 19.7%. Following it are RMA (14.9%) and Mutuelle Taamine Chaabi (12.9%) in the second and third position.
The Insurance and Social Security Supervisory Authority (ACAPS) launched the "Emergence" programme to support the digital transformation of the insurance sector.
Africa Specialty Risks (ASR), the developing markets focused (re)insurance group, has announced that ASR North Africa has received approval to operate as a service company from Lloyd's, allowing it to underwrite in the kingdom on behalf of Syndicate 2454.
Gross written premiums (GWP) of Moroccan insurance and reinsurance companies reached MAD59.7bn ($6bn) in 2024, growing by 5.3% from the preceding year, according to preliminary data released by the Supervisory Authority of Insurance and Social Welfare (ACAPS).