Speaking at the opening of the 7th edition of the Casablanca Rendezvous of Insurance placed under the High Patronage of His Majesty King Mohammed VI, Benchaaboun said that microinsurance can have social goals of protection of categories that have historically not had access to traditional insurance and who are moreover the most vulnerable to risk.

Inclusive insurance can generate a significant momentum thanks to innovation and technology that can help reinvent other forms of social protection which meet new needs expressed by unemployed people who start their own business, by retirees with a modest pension, unsalaried workers with low or medium skills experiencing significant fluctuations in income, he added at this meeting which runs until April 1 in digital format.

Referring to the generalization of social protection, he noted that the insurance sector can play a more active role in this project through the establishment of complementary products to public social security products, especially in health and retirement, or through the generalization of the insurance for work accidents and occupational diseases.

The minister also underlined that several measures concerning the insurance sector will be considered at the next meeting of the National Council for Financial Inclusion, noting that they are aimed at promoting inclusive insurance, which will be able to develop rapidly by relying on new distribution channels, such as payment institutions, digital or mobile payment.