Morocco – Price war in motor insurance
Tuesday, 08 08 2017, Category: Insurance and Reinsurance, Country: Morocco
Some insurance companies are planning to decrease the prices of motor insurance by 5% to 10% compared to the current prices in the Moroccan market.
This transformation coincides with the expected launch of the Takaful sector in March 2018, which will offer Motor Takaful in addition to the entry of insurers from Europe and the Arabian Gulf in partnership will Moroccan investors.
These expected changes caused the apprehensions of many professionals in the sector despite the reassurances of the Moroccan Federation of Insurance and Reinsurance Companies (FMSAR).