Impact of Financial Regulations on Insurance Company Profitability in Morocco

Rachid Ben ()

Journal of Statistics and Actuarial Research, 2024, vol. 8, issue 2, 21 - 31

Abstract: Purpose: The aim of the study was to analyze the impact of financial regulations on insurance company profitability in Morocco. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: Financial regulations in Morocco exert a significant influence on insurance company profitability by enforcing rigorous risk management practices and ensuring compliance with solvency and investment guidelines. These regulations foster market stability, promote fair competition, and encourage insurers to innovate in product development and operational efficiency. Adapting to regulatory changes and economic conditions is essential for insurers seeking to optimize processes and investments, thereby enhancing profitability through strategic management and innovation. Unique Contribution to Theory, Practice and Policy: Agency theory, transaction cost economics & resource dependency theory may be used to anchor future studies on analyze impact of financial regulations on insurance company profitability in Morocco. Encourage insurers to adopt adaptive risk management strategies that align with regulatory requirements while optimizing profitability. Advocate for greater harmonization of regulatory standards across jurisdictions to minimize compliance complexities for insurers operating in multiple markets.

Keywords: Financial Regulations; Insurance Company Profitability (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdu:ojjsar:v:8:y:2024:i:2:p:21-31:id:2759

Access Statistics for this article

More articles in Journal of Statistics and Actuarial Research from IPRJB
Bibliographic data for series maintained by Chief Editor ().