Wafa Assurance Vie Cameroun gets approval
Saturday, 18 July 2015 23:35
Wafa Assurance Vie Cameroun S.A., Cameroonian subsidiary of the Moroccan Wafa Assurance, officially received their approval on 8th July by the Cameroonian ministry of Finance.
The new company which target is to develop the life insurance market in Cameroon by relying on the SCB distribution network, banking subsidiary of the Attijariwafa Bank group, has already been given the green light by the insurance control regional commission of CIMA (Inter-African Conference of insurance markets).
In addition to Cameroon, Wafa Assurance already has offices in Senegal, Tunisia, where branches of the parent company Attijariwafa Bank also served as launching pads.
The insurer also introduced in May approval requests to launch two subsidiaries in Côte d’Ivoire: Wafa Assurance Côte d’Ivoire (Non-Life company) and Wafa Assurance Vie Côte d’Ivoire.
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