Moroccan microinsurance sector: a new regulation under study

The Moroccan microinsurance sector, which until now has been regulated by circulars, could soon have a specific legal framework.

The Moroccan Supervisory Authority of Insurance and Social Welfare (ACAPS) has submitted a first draft of microinsurance regulations to the Ministry of Economy and Finance. The proposed legislation lays down the rules and principles related to this activity.

Some of the points proposed include allowing payment institutions to market inclusive insurance products through their various distribution outlets.

This initiative aims at developing and strengthening the microinsurance activity in Morocco.