Wafa Life Insurance Egypt to formally start business in Egypt by the end of 2021

EGYPT – Wafa Life Insurance’s Egypt division has announced that it is set to formally start business in Egypt by the end of 2021, saying the decision is the culmination of a series of negotiations with Egyptian authorities. The company, which is a subsidiary of Morocco’s Wafa Assurance and part of the Attijariwafa bank group, announced in July that it had received official permission from the Egyptian government to begin business operations in the country. You can have a read Here. Chief executive of Wafa Life Egypt Abeer Saleh said…

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Morocco’s insurance company Wafa Assurance launches in Egypt

EGYPT – Wafa Assurance, a leading insurance company in Morocco, has announced its expansion into Egypt and the appointment of Abeer Helmy Saleh as the chief executive of Wafa Life Insurance Egypt. Wafa Life Insurance Egypt currently has a valuation of US$9.5 million, but that number is expected to quickly grow. Through new business operations, the company plans to extend its reach internationally. The African insurance industry is experiencing rapid growth, and current estimates put the value at approximately US$68 billion. The North African market represents the second most valuable…

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