Wafa Assurance: turnover increase as of 30 September 2022

Wafa AssuranceWafa Assurance has published its consolidated activity indicators for the first nine months of 2022.

As of 30 September 2022, the turnover reached 8.454 billion MAD (758.97 million USD), increasing by 12.1% compared to the same period in 2021.

The life activity has posted a total of 4.416 billion MAD (396.45 million USD) in underwritings at the end of the period under review, showing a 13.4% progression over a year.

As for non-life premiums, they have gone up by 10.7% to 4.038 billion MAD (362.52 million USD), thanks to the strong performance of all non-life classes of business in Morocco and worldwide.

During the first three quarters of 2022, net technical reserves amounted to 45 billion MAD (4.04 billion USD) while investments stood at 50.5 billion MAD (4.5 billion USD).

The Wafa Assurance group is present in Morocco, Côte d'Ivoire, Cameroon, Tunisia, Senegal and recently in Egypt.

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