Egypt Kuwait Holding (EKH) has announced the completion of the sale of its entire 63.39% stake in Delta Insurance to Morocco's Wafa Assurance, under the latter's mandatory tender offer.
Morocco's Minister of Justice, Mr Abdellatif Ouahbi, has presented before the Justice and Legislation Committee of the House of Representatives a Bill relating to insurance compensation for victims of accidents caused by land vehicles.
The National Authority for Probity, Prevention and Fight against Corruption (INPPLC), the Insurance and Social Security Supervisory Authority (ACAPS) and the Moroccan Insurance Federation (FMA) have signed a framework agreement to promote transparency and the prevention of corruption in the insurance sector.
Insurance companies and intermediaries in Morocco are entering an unprecedented era, according to the National Federation of Insurance Agents and Brokers in Morocco (FNACAM).
The Insurance and Social Welfare Supervisory Authority (ACAPS) has announced a major new project: a compulsory multi-risk home insurance scheme, designed to protect property and people against disasters, which are still insufficiently covered at present.
Insurance agents and brokers are working to double Morocco's insurance penetration rate by 2030, according to Mr Farid Bensaid, president of the National Federation of Insurance Agents and Brokers of Morocco (FNACAM).
The Insurance and Social Security Supervisory Authority (ACAPS) is working on implementing a digital system to monitor online content related to insurance products and services.
The Competition Commission of the Common Market for Eastern and Southern Africa (COMESA) has published a notice of inquiry into the proposed acquisition of Egypt's Delta Insurance by Morocco's Wafa Assurance.
Morocco is strengthening its protection against natural disasters by increasing the parafiscal solidarity tax levied on insurance contracts.
The Financial Regulatory Authority (FRA) has approved the publication of a mandatory tender offer submitted by a leading Moroccan insurance company, Wafa Assurance, to acquire shares in Delta Insurance Company.