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Assistance market: Wafa Assurance has strategic ambitions in reinsurance

24/03/2022
Categories: Companies

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The Moroccan insurance group, Wafa Assurance is positioning itself on the reinsurance track. Within three years, its objective is to cover ten countries by entering the assistance market.

 

Leader on its land and also operating in six African markets including Egypt, the insurer displays strategic ambitions in reinsurance. He has just recruited an experienced technician, Abdel Wahab Nougaoui, to launch this activity.

In the CIMA zone, the insurance sector regulator has granted assistance reinsurance approval to the Wafa IMA Assistance branch based in Abidjan, Côte d'Ivoire. Thanks to this approval, Wafa IMA Assistance Abidjan will be able to operate in the 14 insurance markets in the CIMA zone. And plans to start its activities in 4 markets: Côte d'Ivoire, Cameroon, Senegal and Mali, which represent a challenge for the bank in terms of immigrant banking, and for Wafa Assurance in terms of automobile and health insurance. and corporate.

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