Redressment of the “CAT”

The third party liability insurance premiums increase in force since January 1, 2004 should be accompanied by a more substantial rise in 2005 and 2006, according to CAT officials. The 816 million DH company deficit upon the launch of the CAT recovery plan in 1996 has been cut to 700 million DH (79 million USD). The 2006 deadlines – Third Party liability tariff liberalisation – could affect the company's future. ( dissolution or conversion).