The insurance industry's move to adopt a new prudential framework for risk-based solvency (RBS) is nearing completion.
A circular will be published by the end of this yea, for the application of the RBS system to 2025 accounts and its full entry into force in 2026, the Moroccan Insurance Federation says in its June 2025 newsletter.
Under the system, insurers have to take into account all the risks they carry in their accounts: investments, credit, operational, and no longer just underwriting risk.
The RBS system has been in the pipeline since 2018. The Supervisory Authority of Insurance and Social Welfare has carried out numerous tests on the system.