In 2018 Morocco implemented the ninth International Financial Reporting Standard (IFRS) standard, effectively replacing the previous accounting regime. The new system covers three main topics: the classification and valuation of financial instruments, the impairment of financial assets and the hedging of accounts.
In hand with sustained economic growth in recent decades, Morocco has been able to establish one of the region’s most competitive and sophisticated banking sectors. This has translated into significant penetration levels for banking services, a wide array of products and a handful of large-scale banking players with international reach across...
Building on several years of sustained growth, Morocco’s insurance sector is implementing a series of significant reforms that appear set to boost future expansion. New rules have changed key aspects of insurance distribution and established a range of new compulsory products that are set to boost the overall issuance of premiums. In addition...
Two of the biggest recent trends in global insurance are premium growth in emerging markets and the rising importance of technology across the supply chain. The latter has come to be referred to as InsurTech, which heralds both threats and opportunities for incumbents and newcomers alike. While technological solutions are being applied along...
Building on several years of sustained growth, Morocco’s insurance sector is implementing a series of significant reforms that appear set to boost future expansion. New rules have changed key aspects of insurance distribution and established a range of new compulsory products that are set to boost the overall issuance of premiums. In addition, these reforms are expected to expand the country’s...
Economic progress and the country’s natural position as an investment bridge between Europe and Africa have allowed Morocco to establish one of the continent’s largest and most sophisticated capital markets. Despite its advantages, however, the Casablanca Stock Exchange has been affected by low levels of liquidity, a scarcity of new listings and an overall lukewarm performance. One significant...
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