After WAFA Assurance, MAMDA and AtlantaSanad, the Supervisory Authority of Insurance and Social Welfare (ACAPS) has granted Takaful licenses to two other companies.
Marocaine Vie received approval to create a Takaful subsidiary while Société Centrale de Réassurance (SCR) has been authorized to open a Takaful window.
The Moroccan market now counts four insurers and one reinsurer authorized to carry out Takaful activities.
Read also | Wafa Assurance, MAMDA and AtlantaSanad granted Takaful licenses [4]