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.[1] It is part of the Al Mada holding group.[2]
History
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.[3]
In 2003, following the merger between