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Wafa Assurance
Wafa Assurance is a Moroccan insurance company and a subsidiary of Attijariwafa Bank. Founded in 1972, it is headquartered in Casablanca. The company operates in both life and non-life insurance segments, serving individual and corporate clients. It is part of the Al Mada holding group.
The company was founded in 1972, under the name Société Nouvelle d’Assurances (SNA). A few months after its establishment, the company took over the portfolios of the local operations of two insurance companies, Saint Paul Fire and Norwich Union.
In 1989, Société Nouvelle d’Assurances changed its name to Wafa Assurance, reflecting its integration into Wafabank.
In 2003, following the merger between Banque Commerciale du Maroc and the Wafabank, Wafa Assurance became the insurance subsidiary of Attijariwafa bank.
In 2011, Wafa Assurance launched its assistance subsidiary, Wafa IMA Assistance, in partnership with the Inter Mutuelles Assistance.
In May 2023, the board of directors appointed Boubker Jai, former chief executive officer of Attijariwafa Bank, as chief executive officer of Wafa Assurance.
In 2025, Wafa Assurance acquired a 63.4% stake in Delta Insurance, a publicly listed insurance company based in Egypt.
In 2026, Wafa Assurance acquired part of the assets of Allianz Maroc.
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Wafa Assurance
Wafa Assurance is a Moroccan insurance company and a subsidiary of Attijariwafa Bank. Founded in 1972, it is headquartered in Casablanca. The company operates in both life and non-life insurance segments, serving individual and corporate clients. It is part of the Al Mada holding group.
The company was founded in 1972, under the name Société Nouvelle d’Assurances (SNA). A few months after its establishment, the company took over the portfolios of the local operations of two insurance companies, Saint Paul Fire and Norwich Union.
In 1989, Société Nouvelle d’Assurances changed its name to Wafa Assurance, reflecting its integration into Wafabank.
In 2003, following the merger between Banque Commerciale du Maroc and the Wafabank, Wafa Assurance became the insurance subsidiary of Attijariwafa bank.
In 2011, Wafa Assurance launched its assistance subsidiary, Wafa IMA Assistance, in partnership with the Inter Mutuelles Assistance.
In May 2023, the board of directors appointed Boubker Jai, former chief executive officer of Attijariwafa Bank, as chief executive officer of Wafa Assurance.
In 2025, Wafa Assurance acquired a 63.4% stake in Delta Insurance, a publicly listed insurance company based in Egypt.
In 2026, Wafa Assurance acquired part of the assets of Allianz Maroc.