Madagascar's Banking and Financial Supervision Commission has signed a memorandum of understanding with Morocco's Insurance and Social Welfare Supervisory Authority to formalize cooperation on the supervision of insurance and reinsurance activities. The agreement, signed in Madagascar on Jan. 27, sets a framework for how the two authorities will work together in this area. The arrangement is intended to strengthen institutional dialogue, support the exchange of expertise and promote convergence in supervisory practices between the two authorities. In the Madagascar context, the Banking and Financial Supervision Commission is the authority responsible for the regulation, control and supervision of banking, financial and related institutions, including insurance.
Central Bank of Madagascar2026-01-28
Madagascar Banking and Financial Supervision Commission signs cooperation agreement with Morocco insurance supervisor on insurance and reinsurance oversight
Madagascar's Banking and Financial Supervision Commission signed a memorandum of understanding with Morocco's Insurance and Social Welfare Supervisory Authority on insurance and reinsurance supervision. The agreement creates a formal cooperation framework covering institutional dialogue, expertise sharing and convergence in supervisory practices.