The Head of Government Meets with the President of the Authority for Insurance and Social Welfare Control

The Head of Government, Mr. Aziz Akhannouch, received Mr. Abderrahim Chaffai, President of the Authority for Insurance and Social Welfare Control (ACAPS), on Thursday, December 12, 2024, in Rabat. During the meeting, Mr. Chaffai presented the annual report of ACAPS, as well as the report on the oversight operations of pension organizations for the year 2023.
During the discussion, the President of ACAPS provided a comprehensive overview of the state of the insurance and social welfare sectors in 2023, as well as the results of the Authority’s supervisory activities.
He emphasized the strategic importance of the insurance and social welfare sectors in protecting citizens, managing risks, and supporting the national economy. Operators in these sectors are among the most significant institutional investors in Morocco's financial sector, managing over 580 billion dirhams in assets.
Mr. Chaffai highlighted the resilience of the insurance sector despite a globally uncertain economic environment, reporting a revenue of approximately 60 billion dirhams in 2023, a growth of 4% compared to 2022.
Regarding the social welfare sector, demographic indicators showed that retirement schemes currently cover 4.8 million active members, reflecting a growth of around 3.6% compared to 2022. The retirement coverage rate has thus reached nearly 49% of the employed active population. Meanwhile, the number of beneficiaries receiving benefits from these schemes increased by 4.8% to reach 1.42 million, 69% of whom are retirees.
Additionally, Mr. Chaffai noted that the number of beneficiaries of the Basic Mandatory Health Insurance has reached 17 million, including employees, pensioners, and their dependents from both the public and private sectors, as well as students and self-employed workers, compared to 11.9 million in 2022. This represents an increase of 43.5%, following the inclusion of beneficiaries under the AMO-TNS scheme. Similarly, the number of contributors to these schemes rose by 51% over the previous year, reaching 8.3 million.