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Compagnies D'Assurances Wafa Assurance (Morocco)

Main Activities: Direct Life, Health, and Medical Insurance Carriers | Direct Insurance (except Life, Health, and Medical) Carriers
Full name: Compagnies D'Assurances Wafa Assurance Profile Updated: April 14, 2019
Buy our report for this company USD 29.95 Most recent financial data: 2018 Available in: English Download a sample report

Wafa Assurance SA is a Morocco-based company providing life and non-life insurance and reinsurance products and services. The company was established on 01/10/1972AND its IPO was on 13/07/1998. It offers a range of solutions for young and elderly clients, families, professionals and businesses. The Company's portfolio includes health, retirement, death, savings, car, fire, marine, technical risks and casualty insurance, among others. The Company is present in the main cities of the Kingdom through a network of agencies. It also distributes its products through a network of Attijariwafa bank consisting of agencies, a network of Post consisting a large number of agencies, and Credit Maroc's network. Wafa Assurance SA is a subsidiary of Attijariwafa bank

Legal Address
1.Boulevard Abdelmoumen
Casablanca; Casablanca-Settat;

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Website: http://www.wafaassurance.ma

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1972
Key Executives
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Executive Vice President
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Executive Vice President
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Executive Vice President
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Chairperson
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Director / Member of the Management Board
Ownership Details
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79.28%
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20.71%
Subsidiaries
Banque Du Sud
Particuliers et Professionnals
WAFA Real Estate
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MAD. Absolute financial data is included in the purchased report.
Net insurance premium revenue
9.94%
Operating profit (EBIT)
-19.29%
Net Profit (Loss) for the Period
-25.75%
Total assets
9.55%
Investments
7.02%
Total equity
3.37%
Net Premiums Earned Trend
2.83%
Net Profit Trend
-9.25%
Return on Equity (ROE)
-4.13%
Underwriting Expenses Ratio
0.81%

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