Appointment of Badreddine Belghiti as Deputy CEO of Wafa Assurance

The Board of Directors of Wafa Insurance held on September 14, 2022 appointed Mr. Badreddine BELGHITI Deputy Chief Executive Officer of Wafa Insurance in charge of the Business Insurance Division from January 1, 2023.

He will succeed Mrs. Hakima Al Qoh who has planned to exercise her retirement rights at the end of 2022 and to whom Wafa Assurance will pay a warm tribute, when the time comes, for the exceptional career within the Group.

Within the framework of his new missions, Mr. BELGHITI will put his know-how and his expertise at the service of the other poles for the management of the banking partners and the quality of service in automobile. Mr. BELGHITI will be part of the Group’s Comex steering body and will therefore join the company full-time at the beginning of next year.

Read also: Wafa Assurance: consolidated premium income up 7.7%

BELGHITI graduated from the Mohammedia School of Engineers in 1991 and holds an MBA from ESCP Paris in 2003. He has 30 years of experience in the insurance sector to his credit. Mr. BELGHITI began his professional career with a local company in 1991 and held several responsibilities, in particular that of Technical and Marketing Director. In 2009, he joined the Wafa Assurance Group as Deputy Managing Director and worked there in the areas of Sales, Development and Back-office Management. In 2019, he was appointed by the Board of Directors of Wafa IMA Assistance as Managing Director of Wafa IMA Assistance.

Mr. BELGHITI was asked by the Board of Directors of Wafa IMA Assistance to include the company in the Moroccan insurance landscape and to support the founding shareholders of Wafa IMA Assistance in their international development. To date, Wafa IMA Assistance’s balance sheet is eloquent with (i) growth in market share which rose from 18% in 2019 to 23.5% in June 2022, (ii) growth in the share of profit which increased from 19% in 2019 to 53% in 2021, (iii) internationalization of the company through the opening of a reinsurance branch in Côte d’Ivoire to offer assistance products in the 14 countries of the CIMA zone as well as an assistance reinsurance agreement for the Tunisian market, (iv) the digitalization of Wafa IMA assistance.

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