The performance of the African insurance market remains strong and on the rise, and leading performers like Wafa Assurance have delivered impressive performances in the first half of 2025. Not only are the results providing opportunities for expansion but are also placing insurance networks like Tataachi Network, where global firms meet trusted local counterparts across the continent, in their spotlight.
African Insurance Industry Performance: Wafa Assurance’s Solid Half-Year Results
As of June 30, 2025, Wafa Assurance, one of the region’s top insurance companies, recorded consolidated revenues of MAD 7.882 billion (USD 871.8 million), a 10.3% year-over-year increase. This robust performance mirrors Africa’s growing needs for both non-life and life insurance products.
Non-life premiums amounted to MAD 4.027 billion (USD 445.4 million), an increase from MAD 3.855 billion (USD 426.4 million) during the similar period last year.
Life premiums also continued to increase steadily, reflecting the growing desire for financial security by families and business groups.
Technical and financial liabilities (IFRS) were MAD 51 billion (USD 5.6 billion), up 7.5% from December 2024.
Consolidated investments increased to MAD 66 billion (USD 7.3 billion), an impressive 9.8% increase from 2024.
These statistics demonstrate how African insurers are becoming more resilient underpinned by growing middle-class demand, evolving regulations, and increased foreign appetite.
African Insurance Industry Performance: Why It Matters
Africa’s insurance penetration remains below 3% across most countries, compared to much higher penetration in Asia and the Western markets. The gap represents potential that has not yet been realized, and Africa is a frontier market for insurers, reinsurers, and investors. Firms like Wafa Assurance reflect the performance of the following drivers of the industry:
Emerging middle class driving insurance take-up.
Increases in foreign investment in local insurance markets.
Regulatory regimes such as CIMA (Inter-African Conference on Insurance Markets).
Growing demands for risk management products across industries such as agriculture, health, and small and medium businesses.
Accelerating growth of the African insurance industry performance is a call to foreign entrants to come in strategically. But Africa’s diverse regulatory systems and market conditions require correct partnerships to steer through.
Tataachi Network: Linking Global Partners to African Insurance Industry Performance
While Wafa Assurance’s success is a sign of more industry potential, the majority of foreign companies will find it challenging to get good partners and comply with local regulation. That is where Tataachi Network fits in.
One of the best insurance and reinsurance broker networks in Africa, Tataachi Network connects international companies, reinsurers, and insurers with local entities through 84 good partners across 42 African countries, such as Cameroon, Burkina Faso, and others.
By partnering with Tataachi Network, you have the advantage of:
Competitive premiums tailored to meet your business needs.
Compliance with regulatory requirements in different markets in Africa.
Local expertise that reduces risks and increases growth.
Customized insurance and reinsurance solutions that meet your needs.
As a reinsurer who wants access into Africa, an investor seeking long-term growth opportunities, or a company seeking specialized insurance cover, Tataachi Network facilitates your business entry into Africa to be effortless and profitable.
African Insurance Industry Performance and Leadership Confidence
Wafa Assurance’s success and success for other African insurers is not just quantitative—it’s also quantitative and qualitative. Experienced management teams are leading strategies that deliver affordable, accessible, and effective insurance products. This kind of leadership generates even more investor confidence and provides entry points for cross-border collaborations.
Tataachi Network makes this momentum possible by juxtaposing global experience with African conditions, thereby making international stakeholders directly access the insurance markets of Africa and enjoy local expertise crafted to their individual needs.
Conclusion: African Insurance Industry Performance Signals a Sunny Outlook
The success of the African insurance industry in 2025 is not only a story of figures—it is a reflection of economic transformation in Africa. Wafa Assurance and other such companies are proving that good leadership, innovation, and investment can realize vast potential.
Simultaneously, Tataachi Network is making reinsurers, insurers, and multinational corporations feel at ease about entering this high-growing market. Its unimitable partner network of 84 partners spread across 42 countries, Tataachi Network is the gateway from international ambition to African potential.
Get ready to jump into Africa’s booming insurance and reinsurance sector. Partner with Tataachi Network today and obtain a reliable doorway to one of the world’s most thrilling insurance frontiers.
