AFMA SA
CCSEMA:AFM1,249.00
MAD
-1.00
(-0.08%)
AFMA SA
CSEMA:AFM
(Casablanca Stock Exchange)
Recent
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1,249.00
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div
yld
- -
ROIC.AI
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- Business
- AFMA SA is a Morocco-based insurance brokerage and risk management consulting company that provides risk advisory, insurance intermediation, and claims management solutions to corporate enterprises, public institutions, small and medium-sized businesses, and individual clients. Founded in 1952 and headquartered in Casablanca, Morocco, the company operates as a subsidiary of Ténor Group and is listed on the Casablanca Stock Exchange. AFMA SA structures its operations across several specialized insurance and reinsurance brokerage segments, offering an extensive portfolio of products and services including Property and Casualty Insurance, encompassing property damage, business interruption, fire and allied perils, machinery breakdown, construction all-risk, erection all-risk, comprehensive commercial coverage, and environmental liability; Liability and Financial Lines, comprising general third-party liability, professional indemnity, directors and officers liability, cyber risk liability, and product liability; Marine, Aviation, and Transport Insurance, covering cargo in transit, hull and machinery, freight forwarder liability, and logistics risk protection; Automotive Fleet and Mobility Insurance, providing comprehensive motor fleet coverage, third-party liability, passenger protection, and roadside assistance; Employee Benefits and Group Insurance, including group health and medical reimbursement schemes, group life and disability coverage, supplementary retirement and pension programs, repatriation assistance, and end-of-career indemnity funds; Individual and Personal Lines, featuring private motor insurance, residential property and homeowners coverage, individual health and dental plans, personal accident protection, family retirement savings, and international travel assistance; and Risk Management and Advisory Services, comprising risk audits, vulnerability diagnostics, loss prevention engineering, insurance program design, policy contract optimization, actuarial consulting, and dedicated claims settlement management. Geographically, the company operates across Morocco through an extensive network of regional branches and direct service offices situated in major commercial centers including Casablanca, Rabat, Tangier, Marrakech, Agadir, and Fez, while also managing international insurance programs through strategic alliances with leading global brokerage networks across Africa, Europe, and the Middle East. In recent developments, AFMA SA has accelerated its digital transformation strategy by launching upgraded digital client portals and mobile extranet applications that facilitate real-time policy administration, digital claims tracking, and automated certificate issuance. The company has also expanded its specialized risk advisory practices to address emerging exposures in cyber security, renewable energy infrastructure, and agricultural risk coverage. Furthermore, AFMA SA has broadened its strategic distribution partnerships with leading domestic and regional insurance underwriters, optimized its healthcare third-party administration platforms to streamline medical reimbursement processing, and reinforced its regional corporate coverage to capture growing industrial and commercial investment across Morocco and West Africa.