ACAPS (Autorité de contrôle des assurances et de la prévoyance sociale) is Morocco’s independent regulator for insurance, reinsurance and social-provision bodies. Established under Law 64-12 and operational since 2016, it replaced the former DAPS directorate at the Ministry of Finance.
Role
- Licensing and prudential supervision of insurers and reinsurers.
- Oversight of pension and social-security regimes (CMR, RCAR, CIMR, CNSS pensions).
- Consumer protection — claim handling, mediation and sanctions for breaches.
- Authorisation of insurance intermediaries (brokers, agents, bancassurance).
- Accounting and prudential norms — technical provisions, solvency, governance.
- Financial stability — coordination with Bank Al-Maghrib and the capital-markets regulator AMMC.
Employment relevance
ACAPS licenses insurance intermediaries, which conditions the legal practice of broking, agency and bancassurance roles. For salaried workers, it indirectly supports the sustainability of the retirement schemes (CIMR, RCAR) and the provident coverage that affect most private-sector staff.
Published reference materials
- Annual report on the insurance and social-provision sector;
- Regulatory circulars and position papers;
- Lists of licensed companies and intermediaries.