This research paper aims at analyzing the standards imposed by the insurance authority and social security in order to ensure solvency of insurance companies in Morocco, from laws in force. The following lines will tackle, at first, the causes of insolvency of insurance companies at an international level. Then, it will point out the normative mechanism and regulatory framework governing the solvency of Moroccan insurance companies.
This paper seeks to analyze and check the applicability levels and the preparation of solvency II by Moroccan companies especially after the implementation of this system of prudential regulation on 1st January 2016 by European countries after a long preparation. To reinforce the solvency of insurance companies. So, in the years to come, Morocco has to set up a system of prudential insurance to reinforce the present system.
There are two main possible approaches for the construction of a risk mapping. The first one consists to identify the risks of the company, and the second is based on a census of risks by the Executive Committee. These two approaches are complementary. In the top-down approach, the major risks are identified by the members of the Executive Committee, with regard to the strategy followed by the insurance company. The Risks are then attached to the process of the activity. In the bottom-up approach, the census of the processes of the company establishes the starting point of the process. This article aims to present the outline of the two approaches, Top-Down and Bottom-Up, and apply them to risk management in insurance. The idea is to define a methodology to assess the risks associated with different processes, and rank them in order of priority in a risk mapping.
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