Moroccan bank to set up insurance brokerage

Posted On: Oct. 7, 2019 6:12 AM CST

Agricultural bank Credit Agricole Group of Morocco has received government approval to establish an insurance brokerage, Middle East Insurance Review reported. Credit Agricole has granted funding of 1.4 million ($144,070) Moroccan dirham to CAM Brokerage which will have a capital of MAD 100,000. Insurance broker Gras Savoye Morocco will provide the human and technical resources needed to manage and develop CAM Brokerage.