Morocco's insurance regulator, the Autorité de Contrôle des Assurances et de la Prévoyance Sociale (ACAPS), has announced a comprehensive review of the country's insurance obligations framework. The initiative aims to address the current fragmentation of regulations across multiple legal texts, which has created complexity for both insurers and policyholders.
According to ACAPS, the project seeks to 'make the framework more readable' by consolidating scattered provisions into a coherent structure. The regulator has not yet published a specific timeline or detailed roadmap for the reform, but stated it is a 'fundamental project' to improve clarity and reduce legal uncertainty.
This effort aligns with broader financial sector reforms in Morocco, which have been ongoing since the 2010s to modernize the insurance market and enhance consumer protection. The ACAPS was established in 2016 to oversee insurance and social welfare sectors.
