Keywords: Insurance
In a significant development for Morocco's financial landscape, Islamic financing, known locally as participative financing, has experienced substantial growth in 2023. According to the latest report from Bank Al-Maghrib (BAM), the central bank of Morocco, the sector reached a total of MAD 21.4 billion......
Projected Spending Cuts and Fiscal Strategies Signal Optimism Amid Challenges Morocco is on a path to reduce its fiscal deficit over the next few years, according to a new report from Fitch Ratings. The credit rating agency forecasts that the North African nation’s fiscal deficit will decrease......
In a striking revelation, a recent report by Swiss Re, a prominent global insurance company, has shed light on the precarious state of Morocco's agricultural sector. The findings paint a somber picture of a nation grappling with the far-reaching consequences of climate change, particularly in its......
Casablanca has set the stage for an automotive spectacle as the Avito Expo, the premier used car exhibition, unveiled its second edition on July 1, 2024. This unmissable event in Morocco's pre-owned vehicle market is anticipated to attract 50,000 visitors, surpassing the footfall of its inaugural......
In a strategic move aimed at extending its footprint across Africa, Wafa Assurance has secured approval to operate in the life insurance sector in Gabon. This milestone comes as a testament to the company's commitment to contributing to the economic development of the African continent. On April......
In response to an oral query by the Istiqlalian Group for Unity and Egalitarianism in the House of Representatives regarding the challenges in accessing the Mandatory Health Insurance (AMO) system, Minister Khalid Aït Taleb assured that his department is well aware of the hurdles accompanying the......
In a significant move aimed at enhancing cooperation in the social insurance sector, Morocco’s state-owned financial institution, Caisse de Dépôt et de Gestion (CDG), has entered into a Memorandum of Understanding (MoU) with Saudi Arabia’s General Organization for Social Insurance......
The Moroccan insurance sector witnessed a modest 1.4% increase in premiums during the first nine months of the year, as reported by the Insurance and Social Welfare Control Authority (ACAPS). By the end of September, premiums had reached 42.94 billion Moroccan dirhams. In the third quarter alone, premiums......
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