Abdul Rahim Al-Shafi’i, Chairman of the Insurance coverage and Social Reserve Supervision Authority, stated, “Within the 12 months 2023, the insurance coverage sector confirmed nice resilience within the face of the worldwide financial local weather characterised by means of uncertainty, recording a turnover estimated at 60 billion dirhams, an building up estimated at roughly 4%.” In comparison to 2022.”
This got here throughout his reception by means of Aziz Akhannouch, High Minister, nowadays, Thursday in Rabat, the place Abdel Rahim Al-Shafi’i introduced to the High Minister the yearly record of the Authority for the 12 months 2023, in addition to a record at the Authority’s tracking of retirement operations throughout the 12 months 2023.
The pinnacle of the authority highlighted “the strategic significance of the insurance coverage and social reserve sectors in bettering social protection for more than a few segments of society and supporting the nationwide economic system, particularly for the reason that establishments running within the two sectors are regarded as a number of the maximum necessary funding establishments within the monetary sector in Morocco, with the belongings they set up amounting to greater than 580 billion dirhams.” “.
The Presidency of the Executive defined, in a observation, that “this assembly constituted a possibility throughout which the top of the Insurance coverage and Social Reserve Supervision Authority equipped a whole review of the placement of the insurance coverage and social reserve sectors for the 12 months 2023, in addition to the result of the Authority’s actions on the oversight stage.”
In regards to the social reserve sector, the Chairman of the Authority showed that “demographic signs display that the protection of retirement programs for roughly 4.8 million individuals has greater by means of 3.6% in comparison to the 12 months 2022, because the protection fee consequently has reached about 49%.” % of the lively running inhabitants, whilst the selection of beneficiaries of those programs greater by means of 4.8%, attaining 1.42 million. Beneficiaries, 69% of whom are retirees.”
Abdul Rahim Al-Shafi’i printed, throughout the assembly, that “the selection of beneficiaries of fundamental well being protection reached 17 million amongst workers, retirees, and the ones with rights affiliated with the private and non-private sectors, scholar programs, and non-employees, in comparison to 11.9 million in 2022, this is, an building up of 43%.” 5%, after including the beneficiaries of the non-salaried device. The selection of individuals to those programs additionally greater by means of 51% in comparison to ultimate 12 months, attaining 8.3 million shareholders.”
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