Governance, Risk and Compliance – The Moroccan Insurance Industry
Timetric’s 'Governance, Risk and Compliance – The Moroccan Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Morocco.
It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operation of insurance and reinsurance companies and intermediaries.
The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, and recent and upcoming changes in the regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.
The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Morocco, including:
- An overview of the insurance regulatory framework in Morocco.
- The latest key changes, and changes expected in the country’s insurance regulatory framework.
- Key regulations and market practices related to different types of insurance product in the country.
- Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Morocco.
- Key parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency and reserve requirements, and investment regulations.
- Details of the tax and legal systems in the country.
Reasons To Buy
- The report covers details of the insurance regulatory framework in Morocco.
- The report contains details of the rules and regulations governing insurance products and insurance entities.
- The report lists and analyzes key trends and developments pertaining to the country’s insurance regulatory framework.
- The report analyzes the rules and regulations pertaining to the establishment and operation of insurance businesses in the country.
- The report provides details of taxation imposed on insurance products and insurance companies.
- Gain insights into the insurance regulatory framework in Morocco..
- Track the latest regulatory changes, and expected changes impacting the Moroccan insurance industry.
- Gain detailed information about the key regulations governing the establishment and operation of insurance entities in the country.
- Understand key regulations and market practices pertaining to various types of insurance product.
- The Supervisory Authority of Insurance and Social Welfare replaced Department of Insurance and Social Welfare as the new insurance regulatory authority, effective from March 2014.
- Motor third-party liability insurance and workmen’s compensation insurance are mandatory.
- The life and non-life insurance segments in Morocco are regulated by the provisions of the Code of Insurance.
- Non-admitted insurance is not usually allowed, although there are some exceptions.
- Foreign investors are allowed to have 100% ownership of insurance companies in Morocco.
- What is this Report About?
- Table Insurance Industry Definitions
- Governance, Risk and Compliance
- Table Morocco - Insurance Regulatory Framework Key Features
- Legislation Overview and Historical Evolution
- Latest Changes in Regulations
- Legislation and Market Practice by Type of Insurance
- Life insurance
- Table Morocco - Life Insurance Regulatory Framework
- Property insurance
- Table Morocco - Property Insurance Regulatory Framework
- Motor insurance
- Table Morocco - Motor Insurance Regulatory Framework
- Liability insurance
- Table Morocco - Liability Insurance Regulatory Framework
- Marine, aviation and transit insurance regulations
- Personal accident and health insurance regulations
- Compulsory Insurance
- Motor third-party liability insurance
- Workmen's compensation insurance
- Supervision and Control
- International Association of Insurance Supervisors
- African Insurance Organization
- Supervisory Authority of Insurance and Social Welfare
- Bureau Central Marocain des Sociétés d'assurances
- Non-Admitted Insurance Regulations
- Market practices
- Fines and penalties
- Company Registration and Operations
- Types of insurance organization
- Establishing a local company
- Foreign ownership
- Types of license
- Capital requirements
- Solvency margins
- Reserve requirements
- Investment regulations
- Statutory return requirements
- Fee structure
- Insurance premium or policy taxation
- Withholding taxes on premium paid overseas
- Corporate tax
- Table Morocco - Corporate Tax Rates for the Financial Year 2015
- Legal System
- Access to court
- Alternative dispute resolution (ADR)
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