The main mission of the FSEC is to mitigate the negative impacts that a catastrophic event generates on society by setting up a long-term plan to cover these events for any natural person on the national territory and victim of a catastrophic event.

In the exercise of this mission, the FSEC will have to intervene in a certain number of fields of activity whose objectives defined by law 110-14 are as follows:

• Compensate the victims of catastrophic events;
• Grant to insurance and reinsurance companies, within the framework of agreements that may be concluded with them for this purpose, loans for:
• insurance operations relating to the guarantee against the consequences of catastrophic events referred to in Article 64-1 of Law No. 17-99 on the aforementioned insurance code;
• reinsurance acceptance operations for risks covered under the guarantee against the consequences of the aforementioned catastrophic events.
• Contribute, under the conditions provided for in Article 229-1 of Law No. 17-99, to the guarantee granted by the State in accordance with the provisions of the same article;
• Formulate proposals and communicate them to the administration with a view to improving the plan;
• Establish statistical and financial data relating to the consequences of catastrophic events and communicate them to the administration at its request;
• Carry out or have carried out any study that it deems necessary for the exercise of its missions.