AXA, relocation to Morocco

According to some experts the relocation trend of the French financial services towards Morocco is likely to become more and more important. AXA along with Direct Assurance currently report a platform of 100 persons while Crédit Mutuel has a team of 80 staff members in Morocco. Outsourcing cost savings amount to about 40%. It is estimated that the number of insurance jobs relocated to Morocco is likely to amount to 2000 by 2010.