Wafa Assurance SA
CCSEMA:WAA5,200.00
MAD
+165.00
(+3.28%)
ISIN
MA0000010928
Return %
Stock
S&P 500
1Y
1.56
14.20
3Y
22.35
81.12
5Y
13.04
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Semi-annual Dividends Per Share
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- CEO
- Mohamed Ramsès Arroub
- Sector
- Finance
- Industry
- Multi-line insurance
- Address
- Casablanca Morocco
- IPO Date
- Jul 13, 1998
- Website
- wafaassurance.ma
- Similar Companies
- Business
- Wafa Assurance SA is a Morocco-based multi-line insurance company that provides a comprehensive range of life, non-life, savings, and assistance insurance products to individual, professional, and corporate clients. The company operates primarily through two core business segments: Life Insurance and Non-Life Insurance. Its Life Insurance segment offers individual and collective retirement plans; term life and whole life policies; education savings programs; death and disability insurance; capital redemption contracts; unit-linked investment funds; and funeral expense coverage. Its Non-Life Insurance segment offers personal and commercial automobile insurance; homeowners and multi-risk property insurance; individual and group health and personal accident insurance; travel and emergency assistance coverage; commercial and industrial property all-risks insurance; public and professional civil liability insurance; maritime, aviation, and inland transit cargo insurance; construction, erection, and engineering all-risks insurance; agricultural and multi-peril crop insurance; cyber risk protection; and legal expenses insurance. In addition, the company provides Sharia-compliant insurance products through its dedicated subsidiary, Wafa Takaful, spanning both Family Takaful and General Takaful solutions, as well as low-cost inclusive micro-insurance products under the Taamine Iktissadi brand. Wafa Assurance distributes its offerings through an extensive multi-channel network comprising independent tied agents, insurance brokers, direct digital platforms, and the retail banking branches of its majority shareholder, Attijariwafa Bank Group. In recent strategic developments, Wafa Assurance has accelerated its pan-African expansion across North and Sub-Saharan Africa, operating active underwriting subsidiaries in Côte d'Ivoire, Senegal, Cameroon, Tunisia, and Egypt. The company has also modernized its operational infrastructure by deploying artificial intelligence-driven automated claims processing systems, expanding end-to-end digital policy issuance platforms, rolling out customized corporate risk prevention solutions, and strengthening strategic bancassurance synergies and micro-insurance distribution partnerships to broaden financial inclusion across its operational footprint. Founded in 1972, Wafa Assurance SA is headquartered in Casablanca, Morocco, and is listed on the Casablanca Stock Exchange.