The Supervisory Authority of Insurance and Social Welfare (ACAPS) has commissioned ARM Consultants to carry out a study on making homeowner's insurance compulsory in Morocco.
The Insurance and Social Welfare Supervisory Authority (ACAPS) and the Moroccan Insurance Federation (FMA) announced the entry into force of the compulsory 'workshop risk' and 'decennial liability' insurances, starting 30 December 2024.
The Insurance and Social Security Supervisory Authority (ACAPS) in Morocco is currently conducting a feasibility study on the introduction of mandatory home insurance. This approach is part of a comprehensive vision of protection against home-related risks and modernisation of the insurance framework in Morocco, reported Hespress.
A dedicated legal framework will soon be introduced in Morocco, according to the Insurance and Social Security Supervisory Authority (ACAPS).
The Insurance and Social Security Supervisory Authority (ACAPS) is preparing to expand the scope of activities of insurance intermediaries, that would mark a major turning point for them as the regulator integrates related services such as payment, administrative management on behalf of third parties and claims management, with broking services.
Morocco is banking on digitalisation as a strategic lever to expand access to insurance, the president of the Insurance and Social Security Supervisory Authority (ACAPS), Mr Abderrahim Chaffai, has said.
Optimus Assurances, which lays claim to being the first Ivorian insurance brokerage company to specialise serving small and medium-sized enterprises, has formed a strategic partnership with Casablanca-headquartered African Reinsurance Brokers (ARB), a leader in reinsurance and insurance in Morocco.
Saham Group has finalised its EUR745m (4787m) acquisition of Société Générale's Moroccan insurance and banking subsidiaries.
The Insurance and Social Security Supervisory Authority (ACAPS) has been re-elected as vice-chair of the executive committee of the International Association of Insurance Supervisors (IAIS), in the person of Mrs Siham Ramli, director of Communication and International Relations.
Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), has signed a Memorandum of Understanding (MoU) with Casablanca Finance City Authority (CFCA), the managing entity of Casablanca Finance City (CFC) in Morocco.