Wafa Assurance vs RMA Assurance
Wafa Assurance vs RMA comparison: car, home, life, health rates. Which offers the best value for your insurance in Morocco?
5
Wafa Assurance
2
Tie
2
RMA Assurance
| Criterion | Wafa Assurance | RMA Assurance |
|---|---|---|
| Market share | ~20,6% (#1) | ~14,9% (#2) |
| Turnover (bn MAD) | 11,74 | 8,90 |
| Third-party car insurance | From 2 800 MAD | From 3 100 MAD |
| All-risk insurance | From 5 500 MAD | From 5 800 MAD |
| Life insurance yield | ~3,2% | ~3,5% |
| Claims service | Good | Premium |
| Mobile app | Wafa Assurance App | Mon RMA |
| Takaful subsidiary | Wafa Takaful | — |
| Assistance | Wafa IMA Assistance | RMA Assistance |
Our verdict
Wafa Assurance is the choice for the best rates and the widest range (including takaful). RMA is preferable for premium service and better life insurance yields.
Wafa Assurance and RMA are Morocco's top two insurers. Wafa Assurance, a subsidiary of Attijariwafa Bank, dominates the market with more than 20% market share. RMA, of the FinanceCom group, positions itself in the premium segment with recognized customer service.
Wafa Assurance stands out for its competitive rates and the breadth of its range, including takaful insurance via its subsidiary Wafa Takaful. Its backing by Attijariwafa Bank enables particularly attractive packaged bank + insurance offers.
RMA bets on service quality with claims handling renowned for speed and professionalism. Its life insurance contracts offer slightly higher yields than Wafa Assurance, making it a preferred choice for long-term savings.
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