Morocco’s Société Centrale de Réassurance Receives Approval for Takaful Reinsurance Operations in the Country

Morocco's Société Centrale de Réassurance (SCR) has received the necessary licences from the Insurance and Social Security Supervisory Authority (ACAPS) to establish a Retakaful window, allowing it to conduct Takaful reinsurance activities in the country.

Why it Matters?

Morocco’s emerging and growing Retakaful market is foreseen to have a significant role in developing the country’s participatory economy and contributing to the development of new kinds of insurance and reinsurance on a local and worldwide level. With these additional permits, SCR will now be able to expand its activities to include Shariah-compliant reinsurance in conformity with Moroccan rules. The company plans to collaborate with local Takaful insur...