Upcoming establishment of a data exchange platform

The Moroccan federation of insurance and reinsurance companies (FMSAR) has planned to launch, in the second half of 2018, an electronic platform for the exchange of information between insurers.

This initiative aims to combat fraud, a scourge that particularly affects the motor insurance industry. Between 2015 and 2016, the increase in the motor insurance loss experience ratio ranged between 15% and 30%, depending on the company.

 Local insurers, however, do not exclude the possibility of raising their rates in order to absorb losses.

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