At a glance
Wafa Assurance insures individuals and companies in life (savings, retirement, protection) and non-life (motor, home, health, industrial risks). It is the insurance arm of the Attijariwafa bank group and sells part of its products through the bank’s branches.
History
The company was created in 1972 as Société Nouvelle d’Assurances and renamed Wafa Assurance in 1989. It became Attijariwafa bank’s insurance subsidiary after the 2003 bank merger. Since 2012 it has expanded to Tunisia, Senegal, Cameroon, Côte d’Ivoire and then Egypt.
Latest published results
In the first half of 2026, group written premiums rose 27.2% to MAD 10.03 billion, driven by life savings (+41.9%). Net income attributable to the group reached MAD 760 million, up 9.8%, helped in particular by the Egyptian subsidiaries consolidated since late 2025.
What to watch
Integration of the Egyptian subsidiaries and the assets taken over from Allianz Maroc, and the effect of financial markets on equity, which fell 1.8% over the half.
Key dates
- 1972
Société Nouvelle d'Assurances is created.
- 1989
The company is renamed Wafa Assurance.
- 2003
It becomes the insurance arm of the future Attijariwafa bank group.
- 2012
Operations begin in Tunisia.
- 2014
Two subsidiaries set up in Senegal.
- 2016
Two subsidiaries launched in Côte d'Ivoire.
- 2025
Acquisition of 63.4% of the Egyptian insurer Delta Insurance.
- 2026
Takeover of part of Allianz Maroc's assets.
Sources: Boursenews, Wafa Assurance : résultats du premier semestre 2026, September 18, 2026; Wikipedia, Wafa Assurance; Médias24, Wafa Assurance s'implante au Sénégal, September 26, 2014.
Profile updated on October 29, 2026.