What could change its growth trajectory, and what would confirm it?
The count of African subsidiaries is the indicator to watch for Wafa Assurance's growth trajectory. Egypt Kuwait Holding completed the sale of its 63.39% stake in Delta Insurance to Wafa Assurance.
Wafa Assurance operates 11 insurance companies in 6 African countries plus a reinsurance branch.
2Risk Factors
Which risks could break the thesis, and what would warn of them?
Concentrated control by OGM constitutes the ownership risk that matters for Wafa Assurance, and any change in its stake serves as the warning sign. As of 8 October 2026, OGM held 79.29% of the company while diverse shareholders held 20.71%.
Wafa Assurance operates 11 insurance companies across 6 African countries and maintains a reinsurance branch.
3Product Overview
What does the product do for its buyer, and how is it delivered?
Wafa Assurance bundles health, motor, savings and life insurance so a household or firm can insure several risks with one insurer. The firm sells it to individuals, businesses and professionals.
In Morocco the firm expands distribution via bank-insurance synergies. The group subsidiary Wafa Takaful is dedicated to participatory insurance.
