The 12th Casablanca Insurance Rendez-vous has ended after two days of talks on how technology, regulation and climate risks are changing the sector. The event took place on 15 and 16 April and brought together more than 1,000 professionals under the theme “New services and covers: Insurance at the conquest of new territories”.
New rules and international cooperation
The Moroccan Insurance Federation organised the forum as the industry faces rapid change driven by artificial intelligence, climate risk and new consumer habits.
Abderrahim Chaffai, head of the Supervisory Authority of Insurance and Social Welfare, announced the launch of a risk-based solvency framework this quarter. The new system links the capital insurers must hold to the real risks they take, with the aim of strengthening financial stability and aligning Morocco with international standards.
A cooperation agreement was also signed between the Moroccan Insurance Federation and the Omani Insurance Association to support knowledge sharing and closer ties between the two markets.
FMA president Mohamed Hassan Bensalah said technology and data are reshaping insurance but stressed that the business still relies on trust and human relationships.
Shift from compensation to prevention
Industry leaders said insurers are moving away from only paying claims and are focusing more on prevention and ongoing support.
This includes expanding parametric insurance to help deal with climate risks and developing stronger cyber insurance as digital threats grow.
Growing market with low coverage
Morocco’s insurance market is the second largest in Africa. Turnover has more than doubled in the past decade and reached 67.6bn dirhams in 2025.
Despite this growth, many people remain uninsured. The sector is now focusing on micro-insurance to reach low-income households and self-employed workers.
Stronger disaster protection
After the Al Haouz earthquake, Morocco strengthened its catastrophic event insurance system. Property insurance must include cover for natural disasters such as floods and earthquakes to guarantee minimum compensation for citizens.
Trends shaping the year ahead
The forum reflected wider global trends in insurance.
Regulators are moving from testing artificial intelligence to enforcing strict oversight. AI used in underwriting or claims decisions must be transparent and free from bias.
ACAPS is preparing AI tools to monitor online insurance sales in real time and detect non-compliant practices.
There are also plans to introduce mandatory multi-risk home insurance, as only a small share of Moroccan homes are currently covered.
Standardised cyber insurance products are expected to launch this quarter with support from international reinsurers.
