AXA has announced the establishment of a new regional entity named AXA Afrique Atlantique, where the company looks to group the markets of Cameroon, Gabon, Ivory Coast, Morocco and Senegal under a single organisational structure.
The consolidated premium income generated by the Wafa Assurance Group, the leading insurance group in Morocco, reached more than MAD15,226m ($1,637m) in the 2025 financial year, an increase of 10.9% compared to the previous year.
Morocco's insurance sector continued to expand in 2025, with the growth of the life insurance business outpacing the non-life segment.
Moroccan reinsurer Atlantic Re's strong operating performance is demonstrated by a five-year (2020-2024) weighted average return-on-equity ratio and non-life combined ratio of 14.3% and 85.2%, respectively, notes AM Best.
The Insurance and Social Security Supervisory Authority (ACAPS) has mobilised insurers in the country to strengthen the effectiveness of their anti-money laundering and counter-terrorist financing mechanisms.
In the Middle East, Saudi Arabia and the UAE both recorded some improvement in court-related complexities, according to Allianz Trade, as compared to 2022.
The Insurance and Social Security Supervisory Authority (ACAPS) of Morocco and the Banking and Financial Supervisory Commission (CSBF) of Madagascar have signed a cooperation agreement, according to a media statement released by ACAPS.
The Insurance and Social Security Supervisory Authority (ACAPS) has issued a warning to motor insurance companies over practices that are deemed as infringing on policyholders' rights.
Woliz, a Moroccan-based Retail-Tech platform that connects nano stores to the digital economy, has announced the closing of a $2.2m pre-seed round with Sanlam Maroc, a subsidiary of Africa's leading insurer Sanlam.
The bancassurance sector maintained its growth momentum, registering a 6.6% increase in 2024. The total premiums generated amounted to MAD20.5bn ($2.25bn), collected through banks network, finance companies, payment institutions, and microcredit associations, according to the Insurance and Social Security Supervisory Authority (ACAPS).