Adil Bouifrouri succeeds Ali Chraïbi as head of the international division of Wafa Assurance

Wafa Assurance congratulates Ali Chraïbi on his appointment as CEO of AGMA and takes this opportunity to pay him a heartfelt tribute for his contribution to the regional development of the Group, which currently has 11 insurance companies and a reinsurance branch operating in 6 country.

Adil Bouifrouri succeeds Ali Chraïbi as head of the Wafa Assurance International Division and joins the Group’s Executive Committee. Adil Bouifrouri’s mission is to continue the regional development of the group around 5 axes:

1. Pour la Vie, anchor the leadership of the subsidiaries in Tunisia, Senegal, Côte d’Ivoire and Cameroon and launch the high-potential subsidiary Wafa Life Insurance Egypt,

2. Implement the growth strategy of the Non-Life subsidiaries around the three pillars of automotive, business risk and health,

3. Enrich the offer of the subsidiaries to make them broad-spectrum insurers, like the parent company, by developing individual health, assistance, inclusive insurance and digital technology, thus making these companies active players in 7 markets,

4. Increase the scope to reach a coverage rate of 70% of the African insurance market (excluding South Africa) through an expansion of the establishments from 6 countries currently to 11 on the horizon of the plan,

5. Strengthen governance and support for subsidiaries.

Adil Bouifrouri is a graduate of the Institut des Hautes Etudes Economiques et Commerciales de Paris and holds a Specialized Masters in Corporate Finance from ESC Marseille Provence and a Specialized Masters in Market Finance from ESC Nice Sophia. Antipolis. He began his career as an investment banker in 1997 and successfully managed more than 36 corporate finance transactions and mergers and acquisitions for a value of nearly 8.7 billion dirhams.

Bouifrouri has also held the position of Central Support and Business Development Director of the ONA group, in charge of the group’s development at national and international level, M&A, synergies and partnerships; and was a director of the subsidiaries Agma Lahlou Tazi, Inwi, Managem, Onapar, Marjane, Cosumar, Lesieur, Nareva, Sopriam, Optorg.

Bouifrouri was also Chief of Staff to the Minister of Maritime Fisheries, Aziz Akhannouch, and led the deployment of the Halieutis strategy


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