Société Centrale de Réassurance

SCR also provides professional services to the insurance market. In this respect, it tremendously offers continuous support and assistance to insurance firms. 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.