Morocco to introduce public export credit insurance scheme

In partnership with public and private stakeholders in the insurance market, the Moroccan Government is setting up a public export credit insurance scheme, set to become operational starting 1 June 2025.

With an initial budget of 100 million MAD (10.6 million USD), this mechanism is designed to cover Moroccan exporting companies against commercial and political risks not covered by private insurance.

The solution features a risk-based, country-specific pricing system and is expected to cover up to 7.5 billion MAD (796.9 million USD) of additional annual exports.

Atlantic Re, formerly SCR (Société Centrale de Réassurance), has been entrusted with the management of the new scheme.

According to a study, Moroccan exporters are mainly active in low-risk geographical areas such as Europe and OECD (Organization for Economic Cooperation and Development) countries. In contrast, Africa and the Middle East remain under-exploited zones due to a lack of suitable insurance solutions.

To bridge this gap, the public scheme will initially be deployed in 15 strategically selected African countries.