Wafa Assurance

Wafa Assurance is Morocco's leading insurer. Founded in 1972 as Société Nouvelle d'Assurances, it joined the Wafa group and then Attijariwafa bank, which today controls 79.29% of its capital; the remainder is listed on the Casablanca Stock Exchange. Chaired by Boubker Jaï, chairman and chief executive since 2023, the company is licensed by ACAPS for life and non-life business and also operates in Tunisia, Senegal, Côte d'Ivoire and Cameroon, before acquiring 63.4% of Egypt's Delta Insurance in 2025.

2025 figures: according to the financial release analysed by 212 Assurances, the group wrote 15.2 billion dirhams of premiums in 2025 (+10.9%), including 8.36 billion in life (+8.6%) and 6.87 billion in non-life (+13.9%), for consolidated revenue of 12.74 billion (+8.4%) and group net income of 1.026 billion dirhams (+11.2%). Based on the Le Matin ranking, that is 19.8% of a Moroccan market worth 64.27 billion dirhams, well ahead of RMA (14.8%) and Mutuelle Taamine Chaabi (12.9%). A dividend of 150 dirhams per share was proposed to the 19 May 2026 general meeting.

Car insurance: Wafa Assurance publishes no public rate grid. For an average profile, our 2026 comparison of the 5 majors records indicative premiums of MAD 1,950 per year for third-party liability, MAD 3,800 for extended third-party and MAD 7,200 for comprehensive cover, 0 km assistance included, with a discount of about 10% for Attijariwafa bank customers. Subscription is possible fully online with CMI payment and an e-certificate accepted by the police. Our 2026 car insurance guide recaps compulsory liability cover and the bonus-malus system.

Home, health, life and savings: multi-risk home insurance in several formulas, individual and group health top-up, savings, retirement and protection contracts, and borrower insurance attached to Attijariwafa bank loans — the life business, with 8.36 billion of premiums, makes Wafa Assurance the largest insurance-savings player in Morocco. Its subsidiary Wafa Takaful sells Sharia-compliant products; its 2026 Hajj formula, a contribution of about MAD 1,150 for MAD 300,000 of medical cover, is detailed in our Hajj insurance comparison. Wafa IMA Assistance handles breakdown, repatriation and travel assistance.

Network and digital: distribution relies on a network of general agents and direct offices present in every region — more than 300 of them attended the 2025 regional meetings — strengthened in September 2025 by the takeover of 31 agencies and 25 agent contracts from Allianz Maroc, and on Attijariwafa bank branches for bancassurance. The My Wafa app (iOS and Android) lets you simulate a quote, view your policies and track your requests; the official website offers quotes and a customer area.

Subscribing, step by step: 1) compare at least three quotes; 2) prepare your national ID, registration document and previous insurer's claims history for car cover, proof of address and contents value for home cover, medical questionnaire for health; 3) choose formula, ceilings and deductibles; 4) pay the premium to receive your certificate. For borrower insurance, you may ask to delegate to another insurer if its contract offers equivalent guarantees.

Complaints and recourse: first send a written complaint to Wafa Assurance's customer service (agency, customer area, app or letter to head office, 1 boulevard Abdelmoumen, Casablanca). If the disagreement persists, refer it free of charge to ACAPS through its online complaints platform, which assigns a case number and notifies progress by e-mail. Disputes over a linked loan fall instead under the banking mediator.

Wafir.ma is neither an ACAPS-licensed insurance intermediary nor a credit institution: we compare offers. Premiums shown are observed orders of magnitude; only Wafa Assurance's quote and special conditions are binding.