AfriqueBusiness

Unveiling of New Insurance Products by Wafa Assurance Côte d’Ivoire

The general management of Wafa Assurance Côte d’Ivoire held a press conference on Wednesday, June 7, in a hotel complex in Abidjan. The objective was to introduce “Solutions Corpo”, a new range of products from Wafa Life Insurance Côte d’Ivoire, to businesses.

The new insurance products designed for professionals include a package of three offerings:

  • End of Career Indemnity (IFC)
  • Collective Retirement
  • Collective Foresight

These tailored solutions are essential for businesses looking to improve their employer brand and the well-being of their human capital.

The end of career indemnity allows companies to spread their costs related to employees’ career endings, in accordance with current laws, enjoy tax advantages, a fine evaluation of their commitments, and the efficient and technico-financial management of Wafa Life Insurance. The collective foresight covers the risks of death and disability, and the collective retirement helps in building a substantial capital that will be paid out when the beneficiary retires.

In his address, the General Manager, Guy Lawson-Body revealed that “Solution Corpo is a new range of offers designed for businesses to help them retain their employees, guarantee them a bright future, enable them to play their societal role, protect their family, and become more productive”.

In essence, with the “Solutions Corpo” offer, “business leaders can strengthen their social responsibility and optimize their treasury, while making a strong commitment towards the financial security and well-being of their employees and colleagues… Our offers are designed to help companies improve their employer brand, which helps in attracting and retaining talent while making the company sustainable,” explained Guy Lawson-Body, the General Manager of Wafa Life Insurance Côte d’Ivoire.

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Continuing, he informed the audience that his company achieved remarkable figures at the end of the 2022 fiscal year: “By the end of 2022, we had insured 300,000 people, with a turnover of 16.13 billion FCFA, a 7.23% market share, and a 5th place out of 10 approved life insurance companies… Wafa Assurance Vie takes 15 days to settle claims,” he maintained.

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In turn, the president of the Moroccan Chamber of Commerce and Industry in Côte d’Ivoire, El Hamzaoui Saad, expressed pride that “a Moroccan company could be among the leaders in this field of activity.”

Established in 2016, Wafa Assurance Vie Côte d’Ivoire is a subsidiary of the Wafa Assurance group, a leader in insurance in Morocco. It offers a complete range of life insurance products that cater to the needs of individuals, businesses, and professionals, and is distinguished by the quality of its service, its financial management expertise, and its financial strength.

It is worth recalling that Wafa Assurance Vie Côte d’Ivoire, established in 2016, is a subsidiary of the Wafa Assurance group, a leading insurer in Morocco. It offers a comprehensive range of life insurance products that meet the needs of individuals, businesses, and professionals, and stands out due to the quality of its service, its expertise in financial management, and its financial solidity.

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