SCR reinsures Moroccan companies
with more than 70% market share.
SCR also
provides professional services to the insurance
market. In this respect, it tremendously offers
continuous support and
assistance to insurance firms. |
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Thus SCR plays
the role of an exclusive professional reinsurer and
entirely assumes the missions which were assigned
to it by the Official Authorities since its creation
and which are :
- Regulation of the market.
- Protection against international turbulences
and uncertainties.
- Better conservation of premiums, hence mobilizing
savings and investment in the national economy.
SCR has quite precise missions which are to control
and create a safe Moroccan insurance market, to
nationally take part in the conservation of premiums
and in the mobilization of national savings so
as to benefit the Moroccan economy. Concerning,
the regulation of the sector, SCR annually absorbs
about 70% of the reinsurance needs for the Moroccan
insurance market. As regards the security of the
market, SCR, with its long professional experience
and its perfect knowledge of the international
reinsurance environment, protects this sector against
global turbulences that might affect the reinsurance
market. Besides, SCR is leaned with the CDG, the
first financial group of the Moroccan kingdom,
and its agreements are guaranteed by a law text
(Dahir of April 20, 1960) of the Moroccan State,
granting it the unconditional guarantee
of its balance sheet.
Internationally,
SCR, which is one of the oldest reinsurance
firms in developing countries, has
effectively contributed to the creation of regional
organizations such as l’Union Générale
Arabe d’Assurance and l’Organisation
Africaine d’Assurances. Likewise, SCR has
helped set up other regional firms like la Société Arabe
de Réassurance and la Société Africaine
de Réassurance, first through its researches
that initiated their creation, and second as
being a foundation member and shareholder.
It is also worth to mention that the professional
experience acquired by SCR has been made available
to several Arab and African nations that have started
up similar companies. Moreover, SCR has hosted
different training programmes for the benefit of
several representatives from Middle-East and African
countries. Through its position on the international
market, SCR has got the means to underwrite foreign
business via reciprocal exchanges and through the
opening of its capacity to underwrite risks worldwide,
generating then large premiums thus compensating
for the cost
of the national market
covers.
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