Here are the top 10 risks identified in Morocco

Since the advent of the Covid-19 pandemic, the pace of technological, social and geopolitical change has accelerated significantly, creating an increasingly interconnectedness of risks. It is in this context that the Allianz Risk Barometer has identified the main challenges facing companies in Morocco. Details.

The most important risks emerging from the 13th edition of the Allianz Risk Barometer 2024, an annual survey conducted by Allianz Commercial with contributions from companies and insurance specialists, are highly interdependent. Internationally, cyber risks, for example, are closely linked to artificial intelligence, political instability and the threat of war. Similarly, business interruption is often associated with natural disasters, which, exacerbated by climate change, are having increasingly devastating consequences.

In addition, the transition to a carbon-free economy and the energy revolution present new opportunities, but also risks related to the emergence of new technological applications, such as vehicles equipped with lithium-ion batteries, the same source notes.

In Morocco, Allianz has identified ten major risks, of which regulatory developments predominate (41%). These developments include trade and tariff wars, economic sanctions, protectionism and the eventual disintegration of the Eurozone.

Natural disasters also pose a major risk, accounting for 41% of identified risks. Cyber ​​incidents, such as cybercrime, service interruptions and data breaches, represent 29% of risks in Morocco.

Fires and explosions are also mentioned as significant risks at 29%. Climate change, with its impact on extreme weather events, is also seen as a major risk and represents 24% of Moroccan companies’ concerns.

Business interruptions, including supply chain disruptions, in turn represent 18% of risks. Market developments, such as increased competition, the arrival of new players and mergers/acquisitions, also represent 18% of the risks that Allianz identifies in Morocco.

In addition, failure or failure of critical infrastructure, environmental risks and insolvency each represent 12% of the identified risks. These findings highlight the complexity and interconnectedness of the challenges faced by Moroccan companies, reinforcing the need for them to adopt robust and flexible risk management strategies to navigate an ever-changing environment.

On the other hand, Maxime Darman, expert at Allianz, predicts Moroccan GDP growth of 2.8% in 2024, with a decline in inflation compared to 2023, stabilizing at 3%, and expecting 2.9 in 2025 % reach.

“ Morocco has many qualifications that put the country on the path to sustainable growth, including external balances, the country’s favorable position in ecological transition, access to export markets and imports of essential materials, and infrastructure development.“, he said during a press conference organized to present the results of the Barometer.