Driven by the improvement in technical and financial indicators in Morocco and the increase in the profitability of subsidiaries abroad, Wafa Assurance saw its profits jump by 47% to 554 million dirhams. Low rates and inflation at a high of almost 30 years, it is a harmful cocktail for risk-free investments, including conventional contracts marketed by life insurance companies. If inflation were to persist at high levels, they will have to react and accelerate innovation by…
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