Morocco to introduce risk-based solvency framework

Morocco’s risk-based solvency (RBS) regime is expected to come into force on 1 January 2027.

Introduced in 2016 and modeled on the European Union’s Solvency II framework, the new system will be implemented based on insurers’ financial statements for the 2026 fiscal year.

According to the Supervisory Authority of Insurance and Social Welfare (ACAPS), the regime will apply to 13 of the 25 insurance and reinsurance companies operating in Morocco. The remaining 12 companies will continue to operate under the current “S1” solvency framework.