7th annual meeting of insurance agents and brokers

The Federation of Insurance Agents and Brokers of Morocco (FNACAM) has held its 7^th annual meeting of insurance agents and brokers in Casablanca on 6 July 2023. The event focused on "Major issues facing the profession: between premium collections and VAT on commissions".

The meeting also provided an opportunity for Othman Khalil El Alamy, Acting President of The Supervisory Authority of Insurance and Social Welfare (ACAPS), to review developments in the sector and unveil future plans for the profession. O. Khalil El Alamy's announcements included:

• the implementing regulations on contractor's all-risks (CAR) and decennial third-party liability insurance, which will be published by the end of 2023 and come into force in 2024
• regulatory changes to the activities of intermediaries, which could extend to new services such as payment services, claims management and administrative services on behalf of third parties
• revision of the Insurance Code