Results for your quick search displayed by
You need to log in or register to see content marked by a .
Please make sure you view all key information in your search results before accepting a risk in the
Disclaimer: Crystal is provided for information purposes; it does not constitute solicitation of business and is not intended to be a substitute for appropriate professional advice. Information relating to Lloyd’s Brussels Subsidiary may be subject to regulatory approval.
Morocco (excluding CFC): Lloyd’s underwriters are not licensed to write insurance in or from Morocco.
Casablanca Finance City (CFC): Lloyd's underwriters can appoint service companies and coverholders in the CFC to write:
i) marine, aviation and other specialist insurance of Moroccan risks where cover cannot be found locally, subject to prior approval by ACAPS on a case by case basis, and
ii) non-Moroccan risks. This is subject to any restrictions governing the insurance of the risk in the jurisdiction in which that risk is situated.
Lloyd’s underwriters are permitted to write reinsurance originating from Morocco on a cross-border basis and through service companies and coverholders located in the CFC.
Casablanca Finance City (CFC)
Casablanca Finance City is an economic and financial hub located in Casablanca, Morocco. CFC is created under law No. 44-10 enacted in December 2010, as amended and completed by law 68-12 enacted in June 2014. The law 44-10 creates the "CFC Status” and also entrusts Casablanca Finance City Authority (CFCA) with oversight, management and promotion of CFC.
Lloyd’s underwriters have been granted CFC Status and have appointed a local part-time representative in the CFC.
The following classes are compulsory in Morocco:
Contract certainty applies to general insurance contracts either entered into by a UK regulated insurer (such as Lloyd’s underwriters) or arranged through a UK regulated broker (such as Lloyd’s brokers based in the UK).
Lloyd's has developed Quality Assurance (QA) checks to help the market comply with this requirement.
Further information on contract certainty can be found on the Market Reform website.