(Ecofin Agency) - In Cote d’Ivoire, Wafa Assurance’s two subsidiaries have officially opened on November 22. Wafa Assurance Vie Cote d’Ivoire and Wafa Assurance Cote d’Ivoire, which received last February the approvals to start operating in the Life and FADR (Fire, Accidents and Diverse Risks) segments, will be supported by a network of 54 agencies of the Société Ivoirienne de Banque, subsidiary of Attijariwafa Bank, their mother-group.

“We won’t be just another company in the Ivorian market. We plan to put at the service of our customers, our expertise in handling claims and compensation, also in regards to process fluidity and rapid compensation,” said CEO of Wafa Assurance, Ali Harraj, during the ceremony for the opening ceremony of the two firms.

“I am fully convinced that Wafa Assurance Vie Cote d’Ivoire and Wafa Assurance Cote d’Ivoire will provide long-term resources to finance the economy as a whole and SMEs particularly,” said Daouda Coulibaly, president of the board of directors of the two new insurance Moroccan firms in Cote d’Ivoire.

Besides Morocco, its local market, Wafa Assurance is now present in four other African nations: Tunisia, Cote d’Ivoire, Senegal and Cameroon.