Savings insurance: net collection of 8.5 billion dirhams in 2021

The 9th joint annual report of Bank Al-Maghrib (BAM), Insurance and Social Welfare Supervisory Authority (ACAPS) and Moroccan Capital Market Authority (AMMC), on financial stability, reveals a recovery in savings insurance for 2021, with a net inflow of 8.5 billion dirhams (MMDH) and an increase of 8%.

This increase, due to the improvement in household savings capacity following the resumption of economic activity, notes the report, concerned both savings in dirhams and units of account which reached respectively 7.2 billion dirhams (+6.3%) and 1.3 billion dirhams (+18.5%).

The said report also shows that the rate of the solvency margin of the insurance sector remained almost unchanged in 2021, going from 369.3% to 370.4%.

The solvency margin rate remained well above the regulatory level. Under the current prudential framework, this margin only includes the underwriting risk and will decrease after the adoption of the Risk-Based Solvency regime, which covers a wider range of risks to which the insurance sector is exposed.


Previous Post Next Post