La Marocaine Vie, first Moroccan insurer to adopt the new IFRS 17 standard

La Marocaine Vie has successfully completed the implementation of the new IFRS 17 standard. It is the first company in Morocco to successfully transition to IFRS 17.

Effective since 1 January 2023, this new accounting standard is aimed at improving insurance companies' quality of accounting and financial information and optimizing profitability transparency among insurers.