Morocco's Supervisory Authority of Insurance and Social Welfare (ACAPS), alongside the Ministry of Industry and Trade, the Ministry attached to the Minister of Economy and Finance in charge of the Budget, the Secretariat of State in charge of Foreign Trade, ATLANTIC RE and the Moroccan Investment and Export Development Agency (AMDIE), signed a partnership agreement on 28 May to set up a national export credit insurance scheme linked to the launch of Morocco’s foreign trade roadmap. The scheme is intended to protect exporting companies against international trade risks by covering commercial and political risks, secure exporters’ contractual commitments in new or under-covered markets, and support geographic diversification through a pilot phase focused on 15 priority African markets. The mechanism is supported by a government guarantee and involves direct participation from credit insurers and the national reinsurer; ACAPS will oversee its integration into the prudential framework and the scheme’s financial balance and sustainability.
Moroccan Insurance Authority (ACAPS) 2025-05-29
Morocco's Supervisory Authority of Insurance and Social Welfare signs partnership to establish a government-backed export credit insurance scheme
Morocco's Supervisory Authority of Insurance and Social Welfare (ACAPS) signed a partnership to establish a national export credit insurance scheme as part of Morocco’s foreign trade roadmap. The scheme aims to protect exporters against commercial and political risks, focusing on 15 priority African markets, with government guarantees and participation from credit insurers and the national reinsurer. ACAPS will oversee the scheme's integration into the prudential framework, ensuring financial balance and sustainability.