Interview with Farid Bensaid, President of FNACAM: “We won’t be able to maneuver ahead alone”

On the sidelines of the eighth version of the annual assembly of the Nationwide Federation of Brokers and Brokers of Morocco (FNACAM), main insurance coverage gamers met to debate the implications of the generalization of Obligatory Well being Insurance coverage (AMO) on the occupation of intermediaries. Farid Bensaid, president of FNACAM, shares his imaginative and prescient on the challenges and preparations essential to assist this transition.

What are your most important considerations at this time relating to the generalization of AMO?

In the present day, it’s a concrete topic. The sector might be affected by this generalization which we assist, as a result of it’s within the route of historical past. As soon as once more, we’re very proud that His Majesty has initiated this generalization within the curiosity of residents.

Now we’ve got to consider the distribution community and the insurance coverage firms. For us, FNACAM, we signify the distribution community, and we should discover a resolution to beat this wave which can arrive within the years to return. We made concrete proposals, as we had finished earlier than, each to regulators, to the CNSS, and to insurance coverage firms. Thus, vis-à-vis regulators, it’s a query of bringing extra consistency to our insurance coverage insurance policies by making them obligatory for some. I believe there are issues to do, particularly to extend the variety of providers that intermediaries can provide, exterior of brokerage or conventional intermediation.

We’re ready for a deadline from Mr. Boubrik to have the ability to put together for all of this.

Exactly, you requested for a delay till 2029. Why is that this date necessary to you?

Initially, when article 114 got here out to maneuver to AMO, we stated that we’d have 5 years.

As soon as the implementing decree is printed, we’d have 5 years to organize. The decrees are being issued. We’d like these 5 years to organize policyholders to face both an extra value or a readjustment of their insurance coverage protection.

We should handle belongings and knowledge techniques, as a result of we should interconnect the CNSS with firms and intermediaries. It takes work. This may permit us, as soon as once more, to organize as soon as the date is about.

It isn’t but fastened; we’re wanting ahead to it.

You could have issued requests to the CNSS and the FMA. Why are these requests important?

We can’t transfer ahead alone. It’s important that each one stakeholders, whether or not the regulator, the CNSS or the insurance coverage firms, additionally take into consideration the distribution community in order that we discover options collectively. We cannot be capable of discover them with only one actor.

Throughout his speech, Mr. Boubrik stated that there’s room to increase the providers of intermediaries

Sure, there may be room, however as soon as once more, you might have to have the ability to promote them, you might have to have the ability to have an incentive, you have to not undergo an excessive amount of after this transition. However sure, there may be room for complementarity. In the present day, it solely represents 70 million dirhams out of 56 billion turnover.

There may be nonetheless a lot to do, however we should give ourselves the means to do it.

Interview carried out by Asmaa Loudni