Bank Al-Maghrib confirms the solvency of insurers
Friday, 06 30 2017, Category: Insurance and Reinsurance, Country: Morocco
Bank Al-Maghrib confirmed that the insurance sector is still able achieve the solvency margin needed to underwrite risks noting that the actual solvency margin exceeds the requirement.
However, the central bank stated after a meeting of the coordination and the supervisory committee on risks that was held lately that the surplus margins would decrease significantly in the future since the supervision will move to a risk-based regime.
Moreover, the central bank indicated that the unrealized gains could be generated from the higher performance of the stock exchange.