Supervised sectors
The Supervisory Authority of Insurance and Social Welfare (ACAPS) has a central role in the regulation and supervision of the insurance and social welfare sector.
Furthermore, the Authority may subject to its supervision any person acting as an underwriter of a group insurance policy, without prejudice to any additional controls that are specific to the legislation to which such person is subject.
In insurance, the entities subject to ACAPS supervision are :
- Insurance and reinsurance companies;
- Insurance intermediaries and other entities that carry out insurance and reinsurance operations;
Furthermore, the Authority may subject to its supervision any person acting as an underwriter of a group insurance policy, without prejudice to any additional controls that are specific to the legislation to which such person is subject.
Insurance and reinsurance companies
Direct management offices
Insurance agents
Insurance brokers
Licensed banks
Participative banks and windows
Licensed finance companies
Micro-credit association
Payment service providers
In the social welfare sector, the entities subject to ACAPS supervision are :
- Legal entities governed by public law practicing or managing retirement or pension operations subject to a specific legislation: basic pension schemes (civil pension plan and military pension plan managed by the Caisse Marocaine des Retraites (Moroccan Pension Fund), Régime Collectif d’Allocation de Retraite – RCAR (Collective Retirement Allowance Plan, Caisse Nationale de Sécurité Sociale (CNSS: (National Social Security Scheme);
- Private-sector bodies managing pension operations operating on the basis of a defined contribution and defined contribution and defined benefits (Mutual Pension Funds);
- Internal pension funds within public law bodies managing defined contribution and defined contribution and defined benefits plans;
- Bodies that manage basic Compulsory Health Insurance (Assurance Maladie Obligatoire AMO);
- Mutual insurance companies, except for those established within the Royal Armed Forces and Auxiliary Forces;
- The Caisse Nationale de Retraites et d’Assurances (National Pension and Insurance Fund - CNRA).
Furthermore, the Authority may subject to its supervision any person acting as an underwriter of a group insurance policy, without prejudice to any additional controls that are specific to the legislation to which such person is subject.
Pension bodies including CNRA
Mutual insurance companies
Bodies managing AMO
