Morocco: Broker enters specialised credit insurance sector
Source: Middle East Insurance Review | Oct 2020
The PREVAS Group, which is among the top 10 insurance brokers in Morocco, has launched PREVAS ACC, a new entity specialising in credit insurance, to offer Moroccan companies and the local credit insurance market a single point of contact and expertise in protection against the commercial risks of default and insolvency.
PREVAS ACC was created from the partnership between Mr Saad Moubaraki, chairman and CEO of the PREVAS Group and Mr Tawfik Benzakour, former CEO of Euler Hermes Acmar and now CEO of PREVAS ACC, reported Financial Afrik.
PREVAS ACC works with its clients at all stages of their commercial transactions, from prospecting to collection – both upstream (prevention and monitoring of customer risk), and at the time of collection of claims or compensation in the event of non-recovery of unpaid claims.
The creation of this subsidiary reflects the ambition of the PREVAS Group to contribute significantly to the specialisation of the credit insurance market in Morocco. M