Since May 16th, FINACTU has been working with the UNICEF and the Ministry of General Affairs and Governance (MAGG) to a new effort to modernize the social welfare in Morocco. Although the country’s efforts, this last two years, lead to an overall increase in life expectancy of 34 years in 60 years (with an average life expectancy of 77.6 years in 2015 compared to 42.9 years in 1955), serious disparities still characterize the population in terms of access to healthcare and education, retirement, and protection against diverse social risks in a broader sense. Therefore, their decrease is the key challenge of a social protection reform. 

As a result of a system that was built on successive layers according to past needs and political agendas, several Moroccan social protection programs are divided and consequently create target overlaps as well as important coverage gaps.

As a response, MAGG together with the UNICEF, developped in 2015 an integrated vision of the social protection system and now contacts FINACTU to develop concrete reform scenarios that reach the integration objective.

Based on an actuarial model that it will later develop, FINACTU will also be in charge of the simulation of the different scenarios in order to ensure the reform's efficient management by 2028.

FINACTU was selected by both the UNICEF and MAGG as part of an international public tender.

The engagement team has already met with national partners and sponsors who are involved in the country's social protection. As says Florane SERVANT, Project Manager at FINACTU « discussions were held in order to ensure a dialogue between parties and to remain oriented towards a strong political realism. The role of FINACTU is to collect and bring coherence to ideas from social welfare operators themselves. »

Denis CHEMILLIER-GENDREAU, FINACTU Founding Chairman recalls that « through this mission, FINACTU asserts again its expertise and its position as a leader in terms of social protection across the African continent, especially in Morocco, where it addresses such issues for almost 20 years now. »

Finactu at a Glance

FINACTU is a consulting group – including companies in Geneva, Paris and Casablanca - dedicated to Africa.  For almost two decades, the group has been developing a scarce knowledge of these countries advising and supporting governments, public and private institutions of the continent and international donors. More than 100 clients in 30 emerging countries have trusted us, giving FINACTU a privileged experience in strategic consulting, operational advisory and corporate finance in many areas: bank, insurance and reinsurance, private equity, social welfare, public policy, agriculture sector, telecom, postal sector etc.