ACAPS represents the Kingdom of Morocco in the main international bodies in the fields of insurance and social welfare.
The Authority is an active member of the International Association of Insurance Supervisors (IAIS), an association with nearly 200 jurisdictions covering almost 97% of insurance premiums worldwide. The IAIS is the standard setting body at the international level. It defines the standards applicable to the supervision, insurance sector players and the insurance markets. It also oversees their implementation within the different jurisdictions. IAIS is a member of the Financial Stability Board.
The Authority actively participates in the IAIS. ACAPS is a member of the Executive Committee, representing the MENA region, member of the Audit and Risks Committee and the Implementation & Assessment Committee. The Authority participates in the different events and seminars of the IAIS.
At the regional level, the Authority is an active member of the Arab Union of Insurance Supervisors (AUIS). AUIS replaces the Arab Forum of Insurance Regulatory Commissions (AFIRC) which, at its General Assembly held in Marrakech on 4 December 2019, adopted the transition from a Forum to a Union with legal personality and headquarters in Abu Dhabi in the United Arab Emirates.
The Authority assumed the Presidency of the AFIRC between 2015 and 2018 before handing it over to the Insurance Authority of the United Arab Emirates.
The Authority participates in the work of the UAIS to enhance cooperation among its members and to promote transparency and best practices in the insurance industry in the region.
The Authority is a member of the International Social Security Association (ISSA). This leading international organization, which brings together social security institutions and bodies, has the role of promoting and developing social security throughout the world. The mandate of this association, comprising 150 countries and 320 organizations, covers the promotion of best practices in the administration of social security, knowledge sharing as well as assistance and support services to its members.
Aware of the need to include environmental issues and sustainable development in the principles governing its activity, the Authority was among the founding members of the "Sustainable Insurance Forum - SIF".
Initiated by the United Nations Environment Program (UNEP) and the California Department of Insurance Supervision (USA), the purpose of the SIF is to promote cooperation between the various international regulators, so that they can implement the most appropriate responses to the challenges of sustainable development, while ensuring development opportunities for the insurance sector.
- Determining international standards;
- Promoting best practices in terms of supervising private pensions;
- Encouraging international cooperation;
- Providing a space for exchanging information.
The African Insurance supervisory authorities have gathered to create a dedicated association called AAISA : Association of African Insurance Supervisory Authorities. The association aims at coordinating the actions and initiatives of African insurance supervisory authorities.
AAISA has two main objectives:
- Promote effective and comprehensive supervision of the African insurance industry to develop and maintain equitable, safe and stable insurance markets for the benefit and protection of policyholders;
- Contribute to regional financial stability.
ACAPS joined this association in October 2018 at the meeting of its members held in Conakry. ACAPS intends to contribute to the work of AAISA in order to benefit from a forum of exchange with its African regulatory counterparts.
Insurance supervisors in French-speaking countries have come together as part of the Group of French-speaking Insurance Supervisors, the GCAF.
The objectives of the GCAF are as follow :
- develop cooperation between members, to promote, through the exchange of experience and information, best practices and the convergence of prudential supervisory approaches.
- provide, after examination, observations on work that has been circulated by the IAIS;
- strengthen, where appropriate, contacts and exchanges with other regional groups of IAIS;
- develop appropriate training strategies based on the BIS Financial Stability Institute (FSI), and all other training organizations;
- consider questions posed by Group members.
The Authority is one of the founding members of the GCAF and contributes continuously to its work and meetings.