New credit insurance in Morocco

The PREVAS Group, a consulting and insurance brokerage firm, has created PREVAS A.C.C., a Morocco-based entity specialized in the management of credit insurance contracts.

The initiative's main objective is to meet the growing demand by Moroccan companies in terms of protection against commercial risks of non-payment of debts and insolvency.

Tawfik Benzakour, former Senior Executive of Euler Hermes ACMAR, has been appointed General Manager of the new subsidiary.

PREVAS A.C.C. aims to achieve a 40% share of the credit insurance market in Morocco by 2021.